Hongguo Short Drama to Phase Out Gold Coin Feature by End of 2026

The staged wind-down gives Hongguo room to retire a token-like reward feature without a single disruptive cutoff, but the absence of any stated rationale leaves the market to guess whether this reflects regulatory caution, cost control, or a product pivot. The unanswered question of existing coin balances is the more consequential detail: how those holdings are redeemed or converted will shape user trust far more than the shutdown date itself. Whether other short-drama platforms follow with similar retirements is worth watching as a signal of how virtual-currency features are being treated across the sector.