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.
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Conversation
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.
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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.
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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.
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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.
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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.
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9/ Anyhoo, wanted to be transparent about what happened, and share some of the fun we had throughout the launch.
Toodles
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1/2 About 16 hours ago I tried to withdraw UST to my wallet from KuCoin and transaction fucked around for couple of hours and failed. After that withdrawal fee was suddenly increased to 30 UST (SWIFT fee is smaller) for 12 hours.
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2/2 I wanted to try this blockchain and invest some money, but hey, seems that it is not better than ETH at this point, if any bot can fuck the entire network.
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I have nothing to do with exchange withdrawal fees
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No, its whatever the exchange wants it to be