according to the materials of the site - By BitcoinInfoNews.Com
Jupiter, an aggregator of decentralized exchanges based on Solana, has resumed the sale of WET tokens after discovering unauthorized bots that were conducting sniper attacks during the initial sale, negatively affecting honest participants.
This incident highlights the challenges faced during the launch of tokens, affecting market trust and prompting measures to ensure fair distribution by refunding affected deposits and excluding participants engaged in manipulation.
Jupiter and HumidiFi are resuming the sale of WET tokens, initially interrupted by sniper attacks, refunding affected deposits and offering a new airdrop for good-faith participants.
This incident underscores the importance of ensuring fair distribution of tokens, impacting market distribution and leading to enhanced protection against Sybil attacks.
Jupiter and HumidiFi have resumed the sale of WET tokens after confirming that it was subjected to Sybil attacks. All affected deposits are being refunded, and the new sale includes proportional airdrops for good-faith buyers.
Initially, HumidiFi aimed for fair distribution using a whitelist. The detection of Sybil activity led to the decision to abandon the original token contract and issue a new token to ensure fairness.
The incident revealed vulnerabilities in token sales that prevented participants from competing with experienced snipers. HumidiFi's actions demonstrate a commitment to restoring fairness in the market.
The financial situation temporarily changed due to unrealized funding from the initial sale. However, this resolution may strengthen confidence in future sales and consumer trust.
"We are creating a new token. All Wetlist and JUP staker buyers will receive a proportional airdrop. The sniper has nothing to gain." - HumidiFi team, a member of the HumidiFi team
As with previous token sales facing Sybil attacks, HumidiFi's response aligns with industry protocols for combating malpractice. Resolving issues often involves a new token issuance.
Expert analysis suggests potential improvements in sales methodology, such as stricter mechanisms against Sybil attacks and KYC procedures, which could enhance the integrity of sales in the future.
