Chia Network lays off one-third of its workforce and plans to sell token XCH to advance listing

Odaily Planet Daily reported that the blockchain and intelligent trading platform Chia Network laid off 26 of its 70 employees, accounting for one-third. Chia said that the loss of banking partner Credit Suisse led to the delay of its efforts to go public at a cost Although it is expensive, it will continue to promote listing matters with the U.S. Securities and Exchange Commission and is considering selling some of its tokens XCH as a backup source of funds for the listing. (CoinDesk)