Tech Overhaul Updates--Setting the highest bar for transparency🟠 https://launch.apeterminal.io/transparencyIt’s become clear that the now-closed dispute was initiated by a competitor. Our rapid growth's ruffling feathers. It’s now a focus to make the platform extremely transparent, and resilient against such attacks.
1. VRF, New Points Model, Wider Distribution🟠 We are adjusting the raffle model to run via Chainlink VRF
🟠 Points for wallet size (whales) will also be capped now
🟠 To make sales more accessible, ticket size will be reduced from $1000 to $50-300
2. Expanded In-house DevelopmentUp till now, our focus has been purely on growth and business development. This is clear given how much we’ve achieved in just weeks.
🟠 After an investigation, we learned the outsourced firm took advantage of our trust and exploited the IDO system.
🟠 We’ll reduce our product goals in the short term and pool all dev efforts in-house.
We have already:🟠 Onboarded internal dev team who will work in a physical presence
🟠 Built a new IDO frame, that cannot be tampered with.
3. Highest Bar of TransparencyWe’ve taken a step to develop a historic track for all IDOs moving forward.For all future IDOs, it will be clear to all, in an easily accessible manner, how IDO winners are picked and their wallets. We will also hold ourselves accountable for due diligence, clarifying a set of notes on why a project qualifies. Unmatched transparency.
An additional security measure, in the works now, will be disclosed in Feb.While we’ve grown our team to include in-house development, our focus on building the most important industry launchpad (as 1 part of our product ecosystem) has not changed.
All projects in our pipeline remain with us, and in fact, the recent FUD motivated us to push harder than ever. We’ve more than doubled the February pipeline in just days.
Ape's Together, Strong.Link: https://x.com/theapeterminal/status/1752002021798953049?s=20