About the funding situation of the Moon Fund
First of all
1. The moon fund contract is deployed in pancakeswap v1. I don’t know or consider that pancakeswap will be upgraded in the future.
2. The moon fund withdrawal function was forced to be activated for 3 months
3. The moon fund has a built-in method for buying a fork, and we hope to use it to stabilize the price of the fork. This is also the purpose of designing the moon fund.
Because after we completed the pre-sale fundraising of the moon fund. pancakeswap abandoned V1 and upgraded to V2. For the long-term development of the project, we added the LP pool to V2.
The moon fund can only purchase fork through V1.
We have discussed several options. One of them is
1. Add liquidity
2. Moon fund purchase fork
After the above is completed in one contract, we can smoothly withdraw the funds and put them into the new moon fund.
But just at Apr-26–2021 12:27:23 AM +UTC, the fork price dropped, we urgently need to protect the market, our developers tried to discuss the plan.
Because the 2 steps need to have the owner permission of the moon fund. The time lock is the owner of the moon fund.
Then our developer made a very serious mistake. He ignored the indiscriminate attacks of on-chain contract robots.
Did the following
1. Manually add liquidity One transaction tx
2. Manually call moon fund to purchase a fork transaction tx
3. Releasing liquidity One transaction tx
tx purchased by moon fund: https://bscscan.com/tx/0x920c1d0d51a358e75e2f728ef37e33ad7291a461a7a71c1b04a98a35d3347ca0
Tx picked up by arbitrage robots:
It was completed in tx again and again, and finally caused the moon fund 460BNB to be trapped by the contract robot.
We have tried to contact the bsc official for help.
This is a very stupid mistake. It is also because we did not expect that pancake will be upgraded. And our persistent pursuit of contract security. Ignore the fault tolerance rate.
We will correct these shortcomings in the future. We are deeply sorry for the users who have suffered losses, but it is done, and we will sell our share to provide users with airdrop compensation in the future.
Although we don’t have the moon fund’s fund protection. But we believe that IDFO’s distribution model is an innovation in currency distribution. Next, we will work hard to connect each project and continue to optimize the model. Believe in the future of the project. Innovation and professional research are our pursuit from beginning to end.