Conversation
2/ This is a behind the scenes story of what happened behind the launch.
1
4
51
3/ At around 4:50 pm KST, we noticed a meaningful scale DDoS attacks against Terra Station's public nodes, while at the same time attempts to swap into the yet unfunded ANC-UST pools.
2
1
58
4/ We could have funded the pools immediately at the time of the launch, but decided that contingency measures need to be taken for the launch to be fair.
So I decided to fuck with the attacker a little bit.
2
2
104
5/ We funded the ANC-UST pools at an exchange rate of 5M UST to 1 ANC - the bots proceeded to chew up the pools to the tune of 600-700k UST.
Replying to
6/ I then proceeded to withdraw all liquidity and raise the price to 10M UST to 1 ANC - similar price-agnostic buying behavior.
We waited until the buys stopped.
6
3
82
7/ Then we proceeded to deploy the pools at the intended price and open the pools.
A quick skim through the initial purchase patterns shows that many people managed to acquire tokens.
We will be looking at the distribution map of ANC tokens shortly.
7
2
60
8/ Understood that prices rose very quickly after the announcement, and ANC is now trading at around $3.4 per token -
As airdrop recipients take profits, prices of $ANC will be HIGHLY volatile in the coming days.
20
2
90
9/ Anyhoo, wanted to be transparent about what happened, and share some of the fun we had throughout the launch.
Toodles
39
2
168
Not really.
Messing around with bad people don't usually end well.
Dangerous game they playing.
1
Show replies
Ok so does this mean you funded the pools before the countdown or right after the opening? Finder is currently not detailed enough to search in the entire record though. Could you please specify the txs done by them?
1
And how did this fuck “the attacker”or “the ddos attacks caused by many requests from distributed sources”when nothing really would happen in the blockchain state when the attacker just swap the empty pool in /3? I think this action was unnecessary?