Hello, this is XENT.
Almost all things have been formed as emergency measures for projects and tokens, and we are informing users of related information.
[1] XENT Token Distribution Deployment Completed
The Foundation has completed a new batch of tokens based on prior to the hacking of the ENTC token.
The quantity in each wallet placed was distributed in a way that fully complies with the distribution supply standards announced before the deodorization occurred.
(The transfer test token of 100 XENT for each wallet will be retransmitted after the swap is completed with the final configuration to match the quantity.)
Token Burn that could not be executed on May 1st due to hacking will be incinerated today and applied to TOKEN SUPPLY DETECTOR.
(The resumption and implementation of the existing reward payment and user compensation plan will be carried out in compliance with the existing distribution plan, and we will implement it after presenting a reasonable processing procedure.)
We will notify you of the details when the final details are compared for the quantity calculation for swap support.
[2] TOKEN SUPPLY DETECTOR Token Distribution Information Update Resumes
[1]Data consistent with previously published distribution and incineration plans will be updated based on the contents of.
(This is part of the action for the complete normalization of the project, and the user compensation plan and event progress will be carried out after the end of the action, so please do not make a mistake.)
[3] Important Guidance on the Direction of Token Contract Operations
XENT tokens issued over the Ethereum network can execute a variety of smart contracts using an ownership address.
Among the features are some kind of centralization, such as locking up, unlocking, and forcing token transfers.
These features are useful in the event of an emergency, but on the contrary, if a hacker steals an ownership account, they lose control of all contracts.
The foundation resolved a series of situations and discussed them from various angles, and concluded as follows.
(1) Completion of the separate security configuration (using third-party consignment, cold wallet, and air gap) for safe storage of tokens by May 13, 2024, when the token's on-chain swap will begin in earnest
(2) Send XENT Token Contract Ownership Account Rights to Null address by 2024.5.13, permanently discarding
No one will be able to acquire ownership of the token contract if this is implemented (permanent)
You can permanently solve the problem of tokens due to centralization using smart contracts and ownership account security issues
On the contrary, while storing and depositing tokens on a specific platform, etc., if the platform provider will not be able to solve the damage such as stopping providing services, foundation can not support anything.
(For example, due to the suspension of the previous BW exchange, it is impossible to pay the hot wallet back to the reward token after a permanent lockup.)
Therefore, users should pay attention once again when using or storing tokens in the future.
Thank you.