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IMPORTANT $DPAY ANNOUNCEMENT

Liquidity & Token Migration Information

Notice: August 18, 2024 2:33am PST

As previously shared on July 12, 2024 in our Telegram channel, a large $DPAY holder’s wallet was recently compromised. This resulted in the following:

  • July 12, 2024:  A large LP holding, owned by the compromised wallet, was withdrawn and sold from the DPAY LP Farm. This was a significant sell-off.
  • August 19, 2024 12:08AM PST: A large quantity of tokens, in the DPAY Staking Pool, for this same compromised wallet, will unlock.

We are taking decisive action to safeguard our community:

  1. While counter measures were deployed, the compromised wallet poses a potential risk to the entire DPAY ecosystem and community to not take preemptive action.
  2. We’ve conducted a thorough analysis of the incident and its implications.
  3. To mitigate risk and protect all holders, we’re initiating a liquidity and token migration. 
  4. We’ve captured snapshots of all DPAY holders (as of 8/18/24 1am PST/8am UTC) on both ETH and SOL networks to ensure accuracy and fairness.
  5. A comprehensive plan has been developed to protect our community members and to make the transition to the new token as seamless as possible..
 

  • While this situation did not directly involve our internal systems or platform, we want to assure you that we continuously undergo rigorous security reviews and checks. Our contract had recently gone through additional audits and our engineering team regularly verifies the security of our systems and code. 

FUEL $FUELX has been successfully launched on 8/20/24.

Visit the Fuel $FUELX page for more information.

IMPORTANT: You will not be required to attach your wallet to any site to receive the new token. Any attempt to tell you otherwise is most likely a scam. 

FAQ

A larger holder’s wallet compromised. The initial incident (on July 12) resulted in a large LP Farm withdraw and sell-off. This same wallet had a pending large staking unlock that our team was racing against the clock to prepare for. We made the decision to initiate liquidity migration from the DPAY trading pools in response to recent security concerns. We’ve taken snapshots of all holders to ensure fair treatment in our transition plan.

Our team is conducting a thorough analysis, implementing robust security measures, and exploring all options to best protect our community and project.

We will be releasing a new upgraded contract and transition holdings to this new token via direct airdrops.

We are also incorporating the lossless.io protocol into the new audited contract which helps provide protection (on EVM only) for holders against scams.

This strategic move allows us to address security vulnerabilities and prepare for a transition that will better protect our community and project moving forward.

If you held DPAY at the time of our snapshots, your holdings have been recorded. We’ll use this information to transition your holdings to the upcoming new token. All holders are accounted for:

  • DPAY/ETH Holders
  • DPAY/SOL Holders
  • DevourGO On Account Balances
  • Staking Participants
  • LP Farm Partcipants
  • Vesting Contract Holders

All holdings on DevourGO are tracked in ledger format and are safe and secure. 

Our team has been working hard to prepare DevourGO for this migration. Once the new contract is live, we will test on our development servers and once the migration has passed testing, we will turn back on for access and use.

Because this involved a scammer, stolen tokens and an on-going threat to the community; we have been extremely careful to not publicly share our countermeasures, the extent of scam or our plans to preemptively launch a new token to protect the community, as to not tip-off the scammer regarding our planned response.

We pride ourselves in being very transparent with our valued community, this approach was strictly to protect the entire community as a whole so that we could effectively plan the countermeasures.

Our team has been preparing the  DevourGO platform for this transition. We plan to launch the new token as soon as possible, and will keep the community updated on this page, our official socials and our official Telegram channel – https://t.me/GoDevour

IMPORTANT: You will not be required to attach your wallet to any site to receive the new token. Any attempt to tell you otherwise is most likely a scam. 

  1. The new Ethereum contract will be deployed. This contract will include the Lossless Protocol to provide additional protection against scam attempts.
  2. Airdrop for ETH holders will be sent after the contract deployment.
  3. The LP will be created and trading will resume.
  4. The same cross-chain protocol DeBridge will be used to cross-chain (bridge) the token and contract to Solana.
  5. Solana holders will be airdropped their tokens.
  6. The Solana LP will be initiated and Solana trading will resume.
  7. The token will be turned on in DevourGO and all previous holdings will be visible and usable.
  8. Our team will work with anyone who is currently participating in the Staking & LP Farms for DPAY to transfer to the new token.
  9. Any current holders who are on vesting contracts will be migrated.