# THORChain Team Will Be Dissolved And Community To Take It Over By Coinness Canonical URL: https://www.tokenpost.com/news/investing/6443 Published: 2021-02-05T08:50:04.000Z Updated: 2021-02-05T08:50:04.000Z Section: Investing > Cross-chain decentralized trading protocol THORChain tweeted to announce, "THORChain has Planned Obsolescence in July 2022," and community will take it over. Cross-chain decentralized trading protocol THORChain tweeted to announce, "THORChain has Planned Obsolescence in July 2022," and community will take it over. Treasury will be given out to 5-10 community teams for protocol dev, middleware dev, interfaces, and education/promotion. In addition, roughly 10 community teams are currently receiving around $100k/mo in developer grants. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)