Tally announces shutdown, abandons ICO plans

**DAO Governance Tool Tally to Shut Down, Scraps Planned ICO After 5+ Years** Per official sources, DAO governance platform Tally (@tallyxyz) announced via X on March 18 that it is scrapping its planned initial coin offering (ICO) and will officially shut down after more than five years in operation. Core reasons for the move: While the planned ICO had nearly completed all necessary steps, the team determined it cannot deliver on its commitments to token holders amid the current market landscape. Additionally, the startup market for governance tools remains immature—the crypto industry is primarily focused on payments and speculation, and the “infinite garden” decentralized protocol ecosystem and large-scale governance demand have not materialized as expected. In its official statement, Tally highlighted key milestones from its five-year run: - Processed over $1 billion in payments - Safeguarded more than $80 billion in asset value - Served 1+ million users and hundreds of organizations - Enabled tens of millions of token holders to participate in governance via the platform - Never suffered a major security incident, despite facing DDoS attacks and regulatory pressure Next steps: The governance app will begin phasing out at the end of this month. Enterprise customers have continuity plans in place; small organizations should monitor announcements for migration details. Outstanding team members are actively pursuing new opportunities, and potential recruiters are welcome to reach out. Tally’s founder noted: “We were once part of the crypto story—and I believe in crypto more than ever.”