SOAI announced the cancellation of the presale and a full refund of $2.4 million to users.

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According to official sources, SOAI, the AI virtual social token presold by SOAI on May 13th, announced the cancellation of the ongoing IDO due to the reform of the mining mechanism on the first day of presale and has refunded 100% of the raised funds to the participants. It is reported that SOAI's first-day presale has raised 16,610 SOL tokens, worth approximately $2.4 million. Despite the cancellation of the presale event, SOAI not only provided full refunds to participating users but also airdropped 1% of the purchased tokens to compensate the participants.

SOAI cancels presale and fully refunds $2.4 million, with additional token airdrop as compensation.