The first Arbitrum ecosystem ERC-404 asset SIMP announced that its LP has been destroyed today.

According to official sources, the first Arbitrum ecological ERC-404 asset SIMP was permanently locked by the LP destruction operation on February 8, 2024 at 07:58:29 UTC. It cannot be revoked. It is reported that SIMP is an ERC-404 token issued by a community of Simp culture enthusiasts, aiming to establish a new Web3 community culture, solve the liquidity of NFT assets, and enhance the scalability of the Web3 community. There are 10,000 SIMP in total, with no pre-sale, no tax, and no trading restrictions. BlockBeats Note: ERC-404 assets are a new type of emerging asset with undefined properties and significant price fluctuations. Users should be aware of the risks.