URGENT: Unauthorized Token Created Using Our Project's Identity
Hello Torch Team,
We would like to report a scammer who has created a token using our project’s identity without our knowledge, permission, or authorization.
We have no connection whatsoever with this token or the person behind it. This is an unauthorized attempt to mislead and scam our community.
Please investigate this matter urgently, take appropriate action against the token, and prevent further damage to our project's reputation and community.
We do not endorse or have any affiliation with this token.
Thank you for your attention @Torchpaddotfun
GLADIUS on Torch
Not here to follow the hype. We're here to build something that lasts.
The journey starts now.
Ca 0xe567F18f8E933A8778b6dC8CB7177392a1f41111
$gladius
GLADIUS IS NOW LIVE!
Our official website and Telegram community are now live!
🌐 Website: https://t.co/erJboY2GLz
💬 Telegram: https://t.co/BSxPi72N7Y
𝕏 X: https://t.co/ItAFRnGyU5
Join us and be part of the journey.
GLADIUS — A New Chapter Begins
See you on @Torchpaddotfun
URGENT REQUEST: IMMEDIATE REMOVAL OF FAKE TOKEN
Dear Torch Team,
We are formally requesting the immediate removal and suspension of the fake token created without our knowledge, consent, or authorization.
This token is fraudulent and is being used to mislead and potentially scam members of the community. We have never authorized or approved its creation.
We strongly urge the Torch team to investigate this scam, remove the fake token immediately, and take appropriate action against those responsible.
Please protect our community and prevent further financial losses or reputational damage.
We do not authorize, support, or have any affiliation with this token.
We expect your urgent response and immediate action.
Thank you.
@Torchpaddotfun@log1_053
@OddsEngine This is what consistent execution and real data look like. Calling it before the official station report makes the results even more impressive. Keep building, the progress speaks for itself
👀👀 @Torchpaddotfun
GLADIUS IS NOW LIVE!
Our official website and Telegram community are now live!
🌐 Website: https://t.co/erJboY2GLz
💬 Telegram: https://t.co/BSxPi72N7Y
𝕏 X: https://t.co/ItAFRnGyU5
Join us and be part of the journey.
GLADIUS — A New Chapter Begins
See you on @Torchpaddotfun
This is exactly the kind of innovation that sets Torch apart. Building for long-term sustainability rather than short-term gains is what every serious launchpad should focus on. Protecting creators’ revenue while encouraging deeper liquidity is a smart approach. Great vision and execution from the team. The future belongs to builders who think long term
@00XGLADIUS
The community brought this screenshot to my attention yesterday, and I must say I’m happy someone took note.
Before we launched, I shared quite a bit of research showing that 9/10 EVM launchpads are actively losing creator fees due to flaws in Uniswap v4 hooks - or well, factually no flaws, just wrong use case (creatorfee).
With Torch, we tried to solve this through contract fees instead of hooks, and so far we’ve been proven right.
What matters here is that all other launchpads and the projects luanching are more or less losing their fees after about a month-ishh. That’s the point when the coins have grown enough for providing LP to become interesting.
It says something to me that this holder, who showed some pretty crazy conviction, is one of the few who actually researched this and understands it. I also know that a lot of this tech talk is yada yada for many people, which is fine. But for the sustainability of the project, these fees are absolutely necessary, if not the most important thing.
I’ll try to explain it in simple words. What is happening on other EVM launchpads is pretty straightforward:
> Creator fees go through a hook that sits on one LP pool.
> 3rd parties create a new LP pool, with no hook or with their own.
> LP and hook fees are generally 1%.
> A 3rd party sets up an LP pool with a 0.9% fee (or anything lower) and adds liquidity. Gets a lot of routes
> The project loses the creator fee, as the third party’s pool doesn’t have the projects hook.
>The launchpad loses its share of the creator fee revenue. Revenue declines, flywheel stops.
So with torch I tried to fix that on a few ways, i'll sum that up below;
We moved the fee out of the pool and into the token itself. The creator fee is enforced in the token contract, not in a hook and not in a specific pool. That changes the whole picture:
> The fee lives in the token, so it applies no matter which pool or router a trade goes through.
> A third party can create as many new LP pools as they want. The fee still applies, because the pool never decides whether it is charged.
> There is no hook for anyone to skip, so there is nothing to route around.
> The fee is only enforced on the buy side, and selling is never taxed by the token.
> Every pool also comes with a default 0.3% trading fee, which goes to liquidity providers. This 0.3% is a uniswap default on most pools, this encourages people to simply add to the canonical pool instead of a seperate one. It keeps the main pool attractive without it being PvP'd (pool v pool lol), so it keeps the most routes.
The torch fees, from both torch and the projects launched will, forever remain and can not be bypassed in the general sense.
Hope this clears up why I did it the way it is. Liquidity is king and that's why I wanted phat liquidity on torch.
All this is enough reason for all builders that are looking for a long term sustainability, to come over to torch and grow alongside it including the community without being afraid of their bread being taken by 3rd parties.
- mlog
Transparency is what builds trust and keeps a strong ecosystem sustainable. Respect to the Torch team for setting clear boundaries and maintaining integrity as the ecosystem grows.
Real builders focus on building, delivering value, and creating long-term impact. DYOR always, and never mistake interaction for endorsement. We're here for the long-term growth of @Torchpaddotfun
Want to share a few thoughts based on the last days.
So obviously torch is growing and that means a lot of larps come in as well, especially those that are using my name for endorsement of their launched coins.
There's few things I am going to say right now, once only - as I also said in telegram;
- I don't endorse any coin, no utility nor any memes. I simply can't do this, I have no time for dyor, I have no connection with any dev other than helping them setup.
- I remain completely swiss on all launches, dyor and don't ask me anything about them as I simply don't know.
- Anyone claiming I endorsed, confirmed, or anything like that is lying.
- I / our X might interact with projects for engagement and benefits of Torch or the ecosystem. Any online interaction does not mean endorsement. If projects reach milestones which includes interest of Torch, we might interact yes.
- We support good builders to onboard, but we are not marketing any of these projects. Devs should have their own plans and ideas to grow, just as we had. There is a big torch community so no dev needs our marketing support.
Last, be safe out there. We are growing fast and we all know what comes with that.
- mlog
We're officially live on X
A new journey begins, and we're excited to build, grow, and create something meaningful together.
This is just the beginning. Stay connected and follow us for updates, announcements, and exciting developments.
Powered by the @Torchpaddotfun ecosystem