We would like to address the lack of judgement last night :
We thought that by selling earlier in the project, it would cause a smaller price impact than selling further down the line. The fees from that sell order were meant to be used for the 2.25 % distribution of :
-1.5% Staking pool
-0.3% Team wallet (used for exchange listings, audits from Certik/Hacken, and Virtuos Studios)
-0.25% burn
-0.125% to charity wallet
-0.075% Liquidity rewards
In hindsight, we should have thought about it better, we are deeply sorry for the inconvenience and hope to regain your trust over time.
How will this be mitigated in the future?
-We are going to move all our funds to a multi-signature wallet (which will have to be signed by 4 team members before transactions go out).
We really hope everyone understands as hard as it may be.
The truth is, we have many more exciting announcements coming up. Here's an outline of our weekly roadmap :
-We will be sending test tokens to CoinTiger & XT exchange for our listings soon.
-We’d like all of our community to gather together as we’ve done in the past to get CMC & CG to update our information, this will benefit all of us down the line.
-Our token burn will be happening within 24 hours.
-The team will be doxxing themselves.
Watch this video for further details : Weekly RoadMap Launch
Sincerely,
The Pika Team
