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.

🛡 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

🔂 Changes:

  1. disable sell taxes: There will be no taxes for buying/selling DEFT or adding/removing liquidity.
  2. disable any token redistribution: This will make contracts math simpler and eliminate rounding error.
  3. bot tax 99.9% will still remain however taxed amount will be burned.
  4. 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
  5. team vesting contract balance will be reduced by the same factor ~1.50
  6. 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!

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