$PUNK migrated to a new smart contract
→ holders can migrate by sending their holdings to the new contract
→ or wait 3 days to be automatically airdropped
The new contract includes an airdrop to the 825 missing CryptoPunk wallets.
$PUNK v2 is now trading at a 3.77M mcap.
Did Backpack turned into scam for users?
Overall, this whole situation shows Backpack’s attitude toward ordinary participants.
When I started trading on Backpack, people were expecting a $1B outcome.
Now we are looking at a $300M reality, and for a lot of normal users that does not even cover the cost of farming this.
Backpack got the activity, the fees and the traction.
A lot of ordinary participants got tiny upside, no upside at all, or just straight losses after spending months trading for points.
Armani saying there is no point in inflating the valuation sounds weak.
It is easy to say that when the project got what it needed, but ordinary users did not.
I am just saying this as a normal participant in the project, and honestly it feels really disappointing.
The @ParadexFNDN has issued an update to
+ What $DIME Is Intended to Do
+ Genesis Airdrop
+ Tokenomics Update
+ Performance Based Unlocks
+ Roadmap Update
TGE tomorrow 🔥
At that same time, @binance was listing SportFUN futures, and @Asterdex needed to reconfigure its market maker so that it would pull pricing data from the newly listed SportFUN pair.
The entire situation began around 14:45 CET. On the @Asterdex platform, a token called $FUN was being traded, whose price had always been pegged to the spot price of the SportFUN token (ticker: $FUN)