New Launch Date: January 9th 2022
When building complex protocols that interact with the end user’s funds, security and functionality should always be the main priority. When promising to meet certain dates or deadlines you are ultimately leaving room for error in this. Now this is not to say that we should completely abandon timelines as a whole, but we should highlight the importance of **security over speed.**
“Hey guys, unfortunately the auditor we were conducting our first audit with, recently experienced an exploit in one of their reviewed contracts for another project. This has made us hesitant to move forward with them as well as releasing our community offering contract to avoid any potential vulnerabilities. With that being said, we are continuously working to ensure the security and functionality of everything we release. In order to have complete confidence in doing so, we will be delaying the token launch. The new date for launch is January 7th, 2022. We apologize for this delay but as we have a long term vision for HAI DAMO, we felt this was the best route to go.” — @0xHAI
While we are confident our contracts are fully functional and secure, it is essential to ensure the extra layer of security by a credible third party. We do not wish to publicly state the name of this auditor and will simply be conducting our audit with a different third party. Unfortunately, as we approach the EOY/holidays, the timelines for turnover are expected to be longer than usual. In choosing to sacrifice speed over security, we have decided it is best to push back the launch 10 days to ensure audits will be complete. This brings us to our community offering below
IDO (Initial Discord Offering) for $DAMO starting January 5th
At the core of our protocol lies the community. To establish a strong backbone that will seed the secondary markets with DIVs (Decentralized Investment Vehicles), we set out to align the interest amongst the community. This requires $DAMO being owned and run by its core, the community. We are looking at conducting a community offering from January 5th to January 6th and opening up a liquidity pool on QuickSwap at a price of $0.4960 on January 7th. The community offering will end at 11:59 PM EST on January 6th and the initial liquidity pool will open up at 11 AM EST on January 7th.
- The offering price will be $0.2480
- 1,200,000 tokens in pool (4% of total supply)
- The offering price will be $0.3968
- 750,000 tokens in pool (2.5% of total supply)
In order to participate, you must be in the discord as of January 3rd, 2022 and submit a ticket sharing your address by 11:59pm EST to be added to the whitelist. Users must deposit a minimum of 250 DAI and a maximum of 2500 DAI. Swap will be done through a contract that sends the $DAMO owed to the participant.
Users who obtain the whalelist role will be allowed up to a 10,000 DAI max allocation.
Join the discord and ask any questions regarding the protocol or the community offering. More information about the IDO or Community Offering will be posted shortly!
White Paper: https://hai-damo.gitbook.io/hai-damo/
The information provided in this Medium Post pertaining to HAI DAMO, its crypto-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this Medium Post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This Medium Post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. HAI DAMO makes no representation or warranties, expressed or implied, as to the accuracy of such information and HAI DAMO expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. HAI DAMO reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this Medium Post supersedes any prior Medium Post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither HAI DAMO nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this Medium Post by you or any of your representatives or for omissions from the information in this Medium Post. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this Medium Post.