GamifyClub Re-listing & Upcoming Steps
We have followed through on an internal audit over since the initial listing and would like to take the opportunity to explain and take action on the situation that GamifyClub is facing at this early stage.
The team is fully aware of the current situation in regards to the GMFC token supply issue.
It is and will always be our number one priority to protect early supporters, would they have accessed GMFC through the private, IDO or on listing.
We are confident that GamifyClub will do very well in the coming months and years, however it is key to address the short-term issue that we currently face.
We want to be completely transparent as everyone has the right to be fully aware of what happened.
Upon listing, we decided to manually distribute private sale and IDO participants via a bulk-distributor. An error in the format caused 4 wallets to receive a high amount of GMCF and 29 wallets to receive a considerable amount of extra GMFC tokens.
To bring back stability, we have taken the following action :
- A snapshot has been taken of current holding balances.
- Removed the liquidity from the current trading pair.
- A new GMFC token is minted, with the same token economics and distribution as the old GMFC token.
- Removed liquidity will be added to the new GMFC trading pair.
Let us run through the potential scenarios of your current CMFC situation :
Within the timeframe of the listing on Raydium and the snapshot taken before removing the liquidity on the trading pair. You either:
- Did not sell any GMFC;
- Sold a portion or your entire GMFC balance;
- Bought on public market, before the snapshot.
For (1), you will receive the exact same amount of GMFC tokens.
For (2), you will receive the amount of GMFC tokens that were in your wallet upon the snapshot.
For (3), you will receive the amount of GMFC tokens that were in your wallet upon the snapshot.
Following the crisis control, we will announce the upcoming events that will be happening on the GamifyClub platform. We have several games upcoming on the IDO platform with a fair tiered system, yet to be announced.
The GamifyClub roadmap is solid and the potential is big. The upside is achievable through your early support, and we want to make sure everyone here feels comfortable. We apologize for the short term hassle, but it is possible to overcome and GamifyClub’s days ahead are bright.
The GamifyClub team