We need to talk about rugs in this space and the update we just deployed.
Today's update is very important.
We've completely overhauled the deployment method of tax tokens and deployed numerous security updates to make the platform safer.
A new system has been added to combat snipers, ruggers, and to protect investors.
The following actions have been taken:
- We no longer provide the Distributor Private Key to the Developer, because some developers, have been stealing funds from the Distributor thinking that they won't get caught. To combat this, it has now been removed. You can request for your private key via a discord ticket if you need it, however you must have a good reason and prove ownership.
- When you create a token, you must now add liquidity immediately and you do this via our interface, the whole process is pretty much instant, ensuring that any sniper won't have time to do research on your deployed token and possibly set up a sniper. This is because snipers always read on-chain data and look at every token deployed then automate the sniping. The process is now instant.
- We added a new SAFU system for tokens. When creating the token we only allow you to create a static 1b token amount, and we prompt you to burn your tokens after adding liquidity from the same page. If you do, the launch fee is returned to you and you can launch on DISTRIBUTE for free. You will also gain a "SAFU" badge on your token. This shows to investors that you are a legitimate project. However, you have the option to skip burning the LP, if you do, you will have to pay a 0.5 SOL fee to launch your token, otherwise it's free.
You can also skip if you want to lock your liquidity via Streamflow, you must lock all of it for 3 months to be eligible for SAFU badge. We will return your fee if you do so and add the SAFU badge.
The SAFU badge should prevent rugging in most cases by adding 100% of tokens to the LP and burning it. As such, we mainly recommend investing in SAFU projects.
If you are an existing token, you can request SAFU badge as long as your LP is burned or have a lock longer than 3 months. Raise a ticket via discord to obtain it.
- We also redesigned the deployment of tokens completely. It's simple and streamlined now.
- We also deployed a lot of other small fixes to combat any kind of cheating, bad intentions by malicious actors or people trying to defraud investors. Most of these remain secret, but we are confident that this update should tackle 99.9% of malicious targeted sniping.
The only threat that remains is automated snipers that snipe everything on earth, this can only be avoided by you adding a higher amount of liquidity. If you want to scam or rug pull, there are plenty of other platforms to do this on. No longer on #DISTRIBUTE however.
We are committed to making DISTRIBUTE the safest place for reward tokens and as always, we innovate, and stay on top.
#solana #distribute
After working out the deets with, @distribute_sol we've decided that the 5% dev wallet will be the primary distributor π
Rewards will be distributed every 30 minutes & the dev wallet will be visible to the public prior to the launch.
π₯Our buyback system we implemented 3 days ago, has already burned 30,000$ worth of DISTRIBUTE. Today's burn was 10,000$ in one GO.
Don't think you've ever seen a 3.5m MC token burn tokens at this rate. That's over 300,000$ a month at this pace.
The gravy train is leaving, you just don't know about it
#distribute #solana
Check the wallet here π
https://t.co/KuMrERHi2O
After working out the deets with, @distribute_sol we've decided that the 5% dev wallet will be the primary distributor π
Rewards will be distributed every 30 minutes & the dev wallet will be visible to the public prior to the launch.
We burned another 1.2m DISTRIBUTE tokens with SOL we collected from tokens that have launched on the platform. The SOL gets added to the liquidity pool and the tokens burned forever, slowly raising the token bottom price up forever!
https://t.co/uqWSlHZIn4
#Solana#DISTRIBUTE #memecoins
Our partners, @distribute_sol have accumulated over $1M+ in fees from their platform within' 48 hours.
After careful consideration, we concluded that portion of the fees will be used to fund $TMG, ensuring that we make history as the first @pumpdotfun reward-token.
$TMG