The DeFi project Onchain Trade announced that it has canceled its plan to conduct an IFO (Initial fair offering) on the Camelot platform on February 27. Onchain Trade stated that the project was negotiating with Camelot 2 months ago about launching an IFO with 0 fees, and was then told that a 2% fee would be charged. After agreeing, it was required to issue it exclusively on the Camelot platform. After canceling the cooperation with other platforms, Camelot became more demanding and tried to start another round of bargaining, Onchain Trade finally chose to end the cooperation and only conduct IFO on Onchain Trade's own portal. Onchain Trade stated that the 0 cap auction model is not fair to individual investors. Most individual investors have no risk awareness and know nothing about project valuation. Onchain Trade does not want to see its loyal users lose money in the IFO.