River Governance Forum is now live.
A dedicated space for everyone to follow updates, review drafts, and join discussions shaping River’s next phase.
All buyback plans, mechanism upgrades, and proposals will be documented openly on the forum.
https://t.co/OngXM1XhwY
[ The Countermeasure 2.1 : Conversion Mechanism Upgrade Progress ]
River has engaged in extensive review and community discussion regarding the Pts conversion mechanism.
We sincerely appreciate the constructive feedback, detailed analysis, and thoughtful proposals shared across the community.
These discussions directly shaped the upgrade directions outlined below.
The following represents the consolidated outcome of multi-party evaluation, simulation, and community input.
✦ Structural Upgrade Directions
The upgraded conversion framework is being designed around four core components.
Each component responds to issues surfaced by users and aims to establish a system that is predictable, fair, and resistant to short-term pressure.
1. Daily Conversion Cap
A fixed daily cap will be introduced to distribute conversion activity over time. This ensures orderly execution, prevents high-impact single-day surges, and maintains system stability.
This point was raised repeatedly by community members and is now a core parameter.
2. Per-Conversion Limit
Each conversion action will have a maximum allowable amount.
This prevents any single transaction from consuming a disproportionate share of the daily quota and ensures fair access across all participants.
3. Dynamic Conversion Curve
Based on community suggestions, the static rate model will be replaced with a Dynamic Conversion Curve. Under this design, the conversion ratio adjusts according to participation density and system balance.
Higher conversion during a cycle results in proportionally adjusted rates, forming an endogenous, self-moderating mechanism shaped by collective behavior.
4. Staked RIVER Activation for Conversions
When conversion resumes, all converted River Pts will go into the RIVER Staking system. This gives users governance rights and staking rewards.
Users can choose their own staking period. Staking longer will return more RIVER.
This structure keeps ownership with the user and aligns conversion outcomes with long-term incentives through governance and staking rewards.
✦ Closing Note
Additional simulations are currently in progress, and we will share the results and detailed parameters as they are finalized.
Key elements of the upgraded mechanism will be introduced step by step to keep the process transparent and predictable.
A full activation timeline will be announced once validation is complete
[ The Countermeasure 3: Community AMA ]
過去四天,因 River Pts 轉換機制暫停,二級市場出現顯著波動,有用戶在市場中承受回撤甚至損失。我們理解社群目前的情緒與疑慮,並感謝所有持續關注、提供意見與建議的夥伴。
River 將以公開透明為原則,完整說明事件脈絡與後續處理方式。
並將舉辦一系列 AMA,逐一回應社群最關心的問題,說明轉換機制升級方向與生態推進計劃
✦ 首場中文 AMA 資訊
▸ 時間:11/17(週一)20:00–21:00(UTC+8)
▸ X Space : https://t.co/dmh1vMQYTu
本次 AMA 將聚焦四大主題:
1️⃣ 為什麼要暫停 River Pts 轉換?
2️⃣ 新的轉換機制升級方向?River Pts 什麼時候能開放轉換 ?
3️⃣ 對受影響用戶,River 會怎麼處理與負責?
4️⃣ River 接下來的治理、產品、生態會怎麼推進?
River 承諾將以透明、具體且可驗證的方式持續更新進度。所有方案將按部就班落地,並透過 AMA 與後續公告向社群逐項交代結果。
團隊誠摯感謝每一位仍願意關注 River 的各位。我們將以持續的行動回應大家的信任,並確保所有長期參與者能共享生態長期價值。
Taking community feedback on board.
Innovation is built through iteration and refinement.
Dev is cooking. the conversion mechanism upgrade is advancing step by step.
[ The Countermeasure 1.3 : Buyback Execution ]
Following The Countermeasure 1.2 : Buyback List Update,
River has officially entered the Public Sale Buyback Execution Phase.
This plan applies only to Public Sale participants who still hold their River Pts as of the snapshot, and aims to repurchase eligible tokens in BNB at a fixed rate.
It is a procedural action for ecosystem stability — not a new investment or yield event.
✦ Buyback Details
All eligible address must, before 2025-11-20 13:00 UTC, send the exact number of River Pts recorded in the snapshot (2025-11-09 11:09 UTC) to the one and only official buyback address below:
0x076dd5851495a3ac12f0101d3e2107462890d9cf
⚠️ This is the only valid and permanent address.
River will never publish another address, send private messages, or ask users to transfer through intermediaries.
Any other address or message claiming to represent River is a scam.
After the buyback window closes, the team will verify all on-chain transactions and distribute BNB based on verified amounts.
✦ How to Proceed
▸ Check your eligible amount: https://t.co/hWlC3xKIqg
▸ Send the same amount of River Pts from your Public Sale wallet to the official buyback address above before the deadline.
▸ The River team will verify all transactions and complete BNB distribution by 2025-11-23.
⚠️ Transactions sent to any incorrect or unofficial address are non-refundable and cannot be recovered.
✦ Important Notes
▸ Eligible only for River Pts purchased during the Public Sale and still held (staked, untransferred, unconverted) at the snapshot.
▸ River Pts acquired from secondary markets or transferred before the snapshot are not eligible for buyback.
▸ Any non-eligible address sending River Pts will be treated as invalid and not included in the buyback.
▸ Invalid transactions will not be refunded.
✦ Timeline
▸ Nov 10 | River Pts Public Sale Buyback Plan
https://t.co/4pvyg4hJJy
▸ Nov 11 | Eligible addresses and amounts published
https://t.co/SCYhGjb579
▸ Nov 12 – Nov 20 | Buyback Execution
▸ Nov 20 – Nov 23 | Team reviews and verifies transactions
▸ Nov 23 | BNB buyback distributions completed to all eligible addresses
[ The Countermeasure 2 — Smart Vault & Conversion Mechanism Preliminary Update ]
River introduced the industry’s first dynamic airdrop conversion mechanism. Over the past three days, the team has received constructive feedback and concerns from the community as the system continues to evolve.
We fully understand these perspectives and see this not as a setback, but as an opportunity to refine and improve the model together with the community.
This marks more than a technical upgrade; it is a step toward a new paradigm of collaboration and shared innovation within River.
This announcement serves as an initial outline to help the community understand the current direction and ongoing progress.
All plans are advancing methodically, and detailed updates will be released daily.
✦ TL;DR
▸ The principal in Smart Vault remains secure and will be fully withdrawable at the end of the earning period
▸ The River Pts conversion mechanism upgrade is already in progress — parameters such as conversion window, rates, and daily limit are still under discussion.
✦ Smart Vault
All Smart Vault funds remain completely secure, and users will be able to withdraw their full principal once the earning period ends.
All strategies and systems are operating normally, with settlement processes running smoothly.
We understand that recent River Pts fluctuations have raised questions about yield distribution. Any adjustments to the payout method will be made based on community feedback and announced accordingly.
✦ River Pts Conversion Mechanism
The upgrade of the River Pts conversion mechanism is now in progress.
The goal of this upgrade is to relaunch the system with greater balance, flexibility, and long-term stability, supported by new mathematical models and simulations currently under verification.
Based on extensive community feedback and the shared insights collected over the past two days, the new mechanism will focus on three core directions:
▸ Extended Conversion Window : The conversion cycle will be extended to reduce short-term concentration and prevent market volatility.
▸ Dynamic Conversion Ratio : Conversion ratios will dynamically adjust according to factors such as holding period, staking duration, and overall progress — ensuring long-term participants are rewarded fairly across different market conditions.
▸ Daily Conversion Cap : A daily conversion limit will be introduced to balance liquidity management with system-wide stability.
River Pts conversions are planned to be distributed as Staked RIVER, though this direction remains open for community discussion.
As the first dynamic conversion model in the space, it will keep improving through actual implementation and community input.
We invite all members to take part in building and refining this mechanism together with River.
✦ Community Co-Creation & Ongoing Updates
The River Pts mechanism is built to evolve with the market — open, data-driven, and community-aligned. Each update follows a structured process: simulation, validation, deployment, and iteration.
The team will continue to share progress updates and model details, and invites the community to provide suggestions and join the discussion. Ideas that are adopted will receive both acknowledgment and rewards.
All plans are moving forward step by step.
River will work closely with the community to refine this mechanism, making each step more stable and complete. We values this opportunity to build together with the community.
The River Pts dynamic conversion mechanism is not only a technical upgrade, but also a new stage of joint exploration between River and its community.
[ The Countermeasure 1.2 : Buyback List Update ]
Following The Countermeasure 1: The Buyback, we’re moving forward with the next step of the plan.
Based on the snapshot taken at 11:09 UTC, Nov 9, the qualified Public Sale addresses and amounts have been finalized.
All eligible participants must send the same amount of River Pts recorded in the snapshot to the official buyback address (to be announced tomorrow) before Nov 12, 1:00 PM UTC.
After the buyback period ends, the team will verify all transactions and distribute BNB buyback at 0.0000447 BNB per River Pts according to verified amounts.
Public Sale Buyback List : https://t.co/hWlC3xKIqg
✦ Important Notes
▸ The buyback applies only to River Pts purchased in the Public Sale and still held (staked or untransferred or unconverted) at the snapshot time.
▸ River Pts acquired from secondary markets or transferred before the snapshot are not eligible for buyback.
▸ Any non-eligible address sending River Pts back will be treated as invalid and not included in the buyback.
✦ Timeline
▸ Nov 11 | Eligible addresses and amounts published
▸ Nov 12 – Nov 20 | Participants send River Pts to the designated buyback address
▸ Nov 20 – Nov 23 | Team reviews and confirms all buyback addresses and amounts
▸ Nov 23 | River team completes all BNB buybacks and transfers to eligible addresses
https://t.co/4pvyg4hJJy
[ 應對措施第一步 : 回購計劃 ]
River Pts Public Sale 回購方案
因 River Pts 轉換暫時停止,我們深知這段時間讓許多支持者感到焦慮與不安
為回應社群建議並保障 Public Sale 參與者權益,已啟動 全額 BNB 回購計劃,並確定了具體快照時間與流程
✦ 回購資訊
▸ 回購價格:Final price = 0.0000447 BNB(~$0.048 USD)
▸ 快照時間:11 月 9 日 11 點 09 分 ( UTC ) 暫停轉換的時間
▸ 統計範圍:每個參與 Public Sale 的錢包在該快照時間下的 River Pts 餘額
▸ 回購範圍:僅針對 Public Sale 時購買、且在快照時間前始未售出、未轉出、未轉換或仍在質押中的 River Pts 數量
▸ 計算方式:實際回購數量 = Public Sale 認購量 − 已轉出/已售出/已轉換數量
Public Sale 參與者在快照時間下,仍持有多少 River Pts,就按該數量回購
不包含二級市場購得或已轉出、已轉換之 River Pts 數量。
以快照當下該地址的 River Pts 實際持有量(含質押中)為最終依據。
✦ River Pts Public Sale 回購時間表
Public Sale 參與地址、符合快照資格者,團隊將按 = 0.0000447 BNB 全額 BNB 回購
▸ 11 月 10 日 | Public Sale 回購方案公告及統計
▸ 11 月 12 日 ~ 11 月 20 日 | 公告 Public Sale 回購名單和數量,將 River Pts 轉至指定地址
▸ 11 月 20 日 ~ 11 月 23 日 | 團隊確認所有回購地址、數量
▸ 11 月 23 日 | 團隊完成 River Pts 回購,發放 BNB 至所有地址
✦ 注意事項
▸ 非 Public Sale 地址的 River Pts 轉回該地址,將視為銷毀處理,無法退還
▸ 請勿打回超過原認購數量、符合快照資格的數量,任何超額部分不予退還
▸ 轉 River Pts 前請再次核對地址與數量,以確保回購順利完成
[ The Countermeasure 1 : The Buyback ]
River Pts Public Sale Buyback Plan
Due to the temporary suspension of River Pts conversions,
We understand that many supporters have felt anxious and uncertain during this period.
To address community feedback and protect the interests of Public Sale participants, the team has initiated a full buyback plan and finalized the snapshot time and detailed process
✦ Buyback Details
▸ Buyback Price : Final Price = 0.0000447 BNB (≈ $0.048 USD)
▸ Snapshot Time : November 9, 2025 at 11:09 UTC — the exact time when River Pts conversions were paused
▸ Snapshot Scope : Each Public Sale participant’s wallet balance of River Pts at the snapshot Time.
▸ Buyback Eligibility : Only River Pts purchased during the Public Sale and, as of the snapshot, still held (including staked River Pts) and not sold, transferred, or converted are eligible.
▸ Calculation Method :
Actual Buyback Amount = Public Sale Purchased Amount − Transferred / Sold / Converted Amount
In short, the team will buy back the same amount of River Pts that each participant still held (including staked Pts) at the snapshot.
River Pts acquired from secondary markets, transferred out, or already converted are not included.
The final buyback amount will be determined based on the actual holdings at the snapshot.
✦ Buyback Timeline
▸ Nov 10 | Public Sale buyback plan announced
▸ Nov 12 – Nov 20 | Eligible addresses and amounts published; participants send River Pts to the designated buyback address
▸ Nov 20 – Nov 23 | Team reviews and confirms all buyback addresses and amounts
▸ Nov 23 | River team completes all BNB buybacks and transfers to eligible addresses
✦ Important Notes
▸ River Pts sent from non–Public Sale addresses will be treated as burned and not eligible for buyback.
▸ Do not send more than your original purchased or eligible amount; any excess will neither be bought back nor returned.
▸ Please double-check the address and River Pts amount before transferring to ensure successful completion of the buyback.
River’s Actions and Follow-Up on the Recent Market Event
Over the past few days, River Pts price experienced extreme volatility. and we know many of you are frustrated, disappointed, and even angry. Before anything else, we want to say this clearly: we understand how you feel — and we feel the same way.
What happened was not ordinary market movement.
It was an organized, coordinated attack targeting the River ecosystem and its River Pts conversion mechanism.
TL;DR
▸ A coordinated market manipulation targeted $RIVER through large short positions and concentrated Pts conversions.
▸ To prevent systemic collapse, the team temporarily suspended Pts conversion and executed market buybacks.
▸ Attackers quickly closed short positions following the suspension.
▸ We are now upgrading the mechanism, releasing data, and hosting an AMA to share our next steps.
River Pts Adjustment and Mechanism Upgrade
Over the past 48 days since TGE, we’ve witnessed the confidence users and the market have placed in River. Most participants chose to grow together with River rather than convert early.
The team sincerely thanks every supporter for standing with us and respects each participant’s decision.
However, under the current fragile market condition, a number of large River Pts holders have made concentrated conversions into $RIVER within a short period.
If this continues, it could create additional selling pressure and pose potential risks to other River Pts holders and to the long-term stability of $RIVER.
Therefore, adjustments to the conversion mechanism are necessary.
To maintain balance and ensure sustainable growth across the protocol, the team has decided to temporarily pause River Pts conversions while we conduct a comprehensive mechanism upgrade.
This is a temporary pause made in pursuit of long-term, sustainable growth.
River’s progress has always come from collective participation — dynamic adjustments and open discussions between the team and the community.
We sincerely invite every member to share suggestions, feedback, and ideas. Your perspectives will directly shape the next design and direction of the mechanism.
To everyone who continues to support River through both calm and uncertain times, your trust and your voice remain the force that keeps River moving forward.
Flow steady, flow forward.
— The River Team
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Text TG: https://t.co/JUWi39B8JJ
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