We sincerely apologize for the issue with the $KART token that occurred on March 17, causing the token price to drop. We have conducted an investigation, the reasons for this problem are as follows:
- On March 16, we performed some token transfers between internal wallets to develop new features for the game. However, the department in charge of this mistakenly transferred to a strange wallet with the amount of millions of $KART.
- The incident was not discovered until March 17, the token recipient conducted a dumping on the Gate.io exchange, resulting in a drop in the token price.
- We have promptly suspended the smart contract to prevent strangers from selling off the remaining tokens.
- The department in charge has been suspended and investigated the cause and responsibility.
Currently, we are focusing on handling the problem, specifically as follows:
- Inform investors, partners, users... about the problem to cooperate in handling the problem.
- Rewrite smart contract for a new token to replace old token and conduct audit.
- The plan to swap from the old token to the new token is being prepared.
- Tokenomics remains the same 100M total supply, token swap ratio is 1:1
- Relisted on Pancakeswap and Gate.io
- Reopen the game
Please keep calm, the related work has been and is being focused on to prioritize protecting the interests of users. We will update the latest information soon.
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