Rome wasn’t built in a day
Dear, TG DAO launchpad participants. I am Eugene Melnik, CEO of TG Ecosystem. On behalf of the team, I would like to inform you of the following:
Yesterday was the second IDO on our launchpad. We ran a private sale of the Sandwich Network project. As you all noticed, there was a lot of attention to this project and some attacks were held against it. https://t.me/SandwichNetwork/347
We were also attacked… When the token sale started, we got 2 types of attacks:
DDOS attacks
PHP and database attacks
But as you noticed, we coped with it and there were no serious problems.
However, we had to delay the token sale because of this, there was a slowdown at the front, and a part of the community was not able to participate. Due to the database access issues, we were unable to stop accepting funds in the FCFS round in time. Today, the excess funds will be transferred back to the senders.
Nevertheless, we made it to carry out the token sale, with a delay in terms though. Our admins have taken this experience into account and next time there won’t be such problems. After all, the task of the team is to make it easy and profitable for all the members of the community to participate in the life of our project.
Due to the fact that we couldn’t provide the staking services, today we had to take into account the tokens held on the wallets of the users and in vesting. This was not entirely fair to our first evangelists. But, in a few days, the staking program is launched. The calculation of the allocations on the upcoming tokensales will take into account only staked tokens and tokens in vesting. Just as we previously said that all the participants who did not sell the unlocked tokens, will get better conditions. To do this, we are introducing a coefficient that will affect the size of the reputation and, accordingly, the size of the allocation. This coefficient is already calculated and will be applied after getting the reputation.
In addition, we suggest introducing the limit on the maximum allocation amount as it is done on the Binance Launchpad. We invite you to vote on this today. There is a proposal to limit the allocation of 1% of the total allocation. In such case, with a total allocation of 100,000 BUSD, the maximum allocation per participant will be 1,000 BUSD.
Up to this summer, we will have already introduced a complete system for calculating the allocation via reputation. It will allow distributing the allocations more fairly. We’ll provide a decision-making system and other features mentioned in our roadmap.
Once again, I want to thank you all for being here and implementing the DAO project.
