🛡 Upcoming DEFT update.
In order to prepare a launchpad system for pairing newly launched tokens with the DEFT token (as a base currency) the following changes are required.
ETA: 6 September
- disable sell taxes: There will be no taxes for buying/selling DEFT or adding/removing liquidity.
- disable any token redistribution: This will make contracts math simpler and eliminate rounding error.
- bot tax 99.9% will still remain however taxed amount will be burned.
- we will have to reduce everyone’s balances by factor of ~1.50
At the same time DEFT/ETH pair balance will be reduced by the same factor ~1.50
This will keep your bag dollar value remaining the same.
For example, if you had 1.5M DEFT which costs $60
After this update is applied you will have 1M DEFT which costs same $60
- team vesting contract balance will be reduced by the same factor ~1.50
- we will have to raise $250-400k to DEFT bsc liquidity: This is important to raise it in order launchpad pairing to work efficient (ETA: end of september)
👨💻 Development progress:
- launchpad backend is completed
- however we are still working on frontend which should be completed this week and we can proceed to extensive testnet tests
- we found several critical errors in bot detection which marked multiple wallets as bot wrongly
- right now we are working on Bot Detector V2 in parallel to eliminate all these before we could start any new tokens (ETA: 15-25 September)
- august has been very quiet for us because one of our main developers was very busy offline
- he has come back to work and hopefully will pick up the progress
💭 Launchpad features:
- cross chain launch: We will support ETH and BSC chains presale. Bridge will allow users to arbitrage the price between chains just like in DEFT.
- rug pull proof: There will be no way for token owners to do any kind of rug pulling
- vesting tokens: Team, investors, referrals – will get their tokens vested for a known period, which you will see in the launchpad before participating in presale
- pairing with DEFT: All launchpad tokens will be paired with DEFT. That means if presale raises $100k, all that money will go to buy DEFT tokens and lock them for 100 years
- referral system: There will be referral link available for anyone to promote, giving 5% commissions for participating the presale
- sniping bot protection: As you saw in $LAMBO launch we have detected 14 out of 15 snipers. One slipped through but in the next update it will be added to our filters.
- front-run bot protection: Although front-running bots aren’t big deal currently, it will be enabled by default
⏳ Too long to wait:
- I know many of you may think it is taking to long to develop everything we planned
- however we don’t want to stop until the goal is reached: DEFT factory is built including all features we planned
- we are building solid foundation of the system, it has to be perfect and scalable
That was all for the recent news!