Try to sell first, burn if it doesn't sell—the order of Router Protocol's exit is, in some ways, more noteworthy than the outcome itself. The cross-chain protocol, once backed by Coinbase, recently announced it is shutting down and will burn 303 million ROUTE tokens.
According to The Block, before shutting down, the team tried commercializing its technology, licensing it out, and even looking for a buyer to take over—but none of these paths could sustain a viable business. Burning the tokens was what remained after this string of failed attempts.
The available material does not specify the exact shutdown date, the current proportion of ROUTE tokens in circulation, or the specific amount Coinbase invested in the project—no further details are available at this time.
