Wanted to start with “GM” but that doesn’t feel quite right under these conditions.

Instead, I'll lead with this: all bond and treasury funds are 100% safe.

Thread 👇
So, what exactly happened?

Someone found an exploit in how our bonds were configured to interact with the DAO.

We had our code reviewed prior to launch by several contract auditors, and yet, this was missed.

We won’t name names and won’t point fingers.
Specifically, an exploit was used on the DAO configuration within the initializeBondTerms() function call within our OlympusBondDepository smart contracts.

The exploiter promptly dumped 100% of their stolen $JADE.
We immediately shut down the DAO integration on the affected bonds, prevented any further purchases, and will be launching new boosted bonds with a resolved DAO integration (details on this soon).

Here is how we’re going to make things right:
First, we fixed the contract. And triple checked everything. All bonds and treasury funds are safe. The game can continue.
Second, we have already conducted several buybacks using our Treasury fund.

We’ll be using the treasury as intelligently as possible to initiate buybacks strategically over the coming weeks, while striking a balance with a safe backing of $JADE.
Third, we’ve taken a snapshot as of 7:00am EST (12:00 UTC) of all $JADE and $sJADE holders (block 12805154).

We will be airdropping you $JADE over the coming weeks. Specific details will be released soon.
#Smartans: We will continue to support users who believe in our long-term vision of breaking traditional crypto projects via our Fair Fork Foundation, @jadeprotocol, @0xSmartCoin and all future projects.

We are in this for the long-haul.

Let's get back to work.

• • •

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More from @0xSmartCoin

20 Nov
Fuck VCs. Fuck Insiders. Fuck ‘influencers.' And honestly... fuck crypto.

Introducing: The Fair Fork Foundation

Our first Fair Fork? @OlympusDAO … with a unique twist

Go to smartcoin.farm and click "Jade Protocol" on the top menu bar

Thread 👇:
Crypto claims to be "decentralized," yet vampiric VCs, whales, influencers, "advisors," and insiders control the entire space.

Wasn't the point to get away from the old financial system? Remove oligarchs? Why are we still playing the same old game, with the same old rules?
Jackson Palmer put it beautifully: "Cryptocurrency is like taking the worst parts of today's capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions."
Read 12 tweets
1 Nov
Introducing: Phase 4 of SmartCoin (yes, we move fast):

We have been quietly engineering the perfect memecoin. And we’ll tell you how to get first dibs.

If you like money, then grab a new pair of underwear because the thread below is steamy:
Take a look at the pictures below. These are the charts of some of the most successful meme coins. 100x… 200x… even a 3,110x...

Did you miss those opportunities? Want to finally be early, for once?

You’re in luck. ImageImage
We’ve all seen the insane run-up that memecoins have had. And guess what?

Their marketing sucks. And they still explode

Imagine the viral experts behind SmartCoin launching a memecoin

British accents galore, viral release video, addicting memes, and of course, a unique twist..
Read 20 tweets
31 Oct
There's been a lot of questions surrounding what Phase 10 looks like.

After all, Squid Game does have an ending...

The end of Smart Coin is simple:
But first..

We’ve added 3 more talented devs, and are proud to announce that SmartBuy, SmartBurn and Bollinger Boosters will all be activated tonight.

And thus, the Phase 3 begins.

Now back to how this all ends:
A leaderboard will soon appear on smartcoin.farm with wallets who are winning the game.

The wallets who collect the most points will be sharing an 8-figure reward (in $USD).

There’s a world where the prize pool reaches 9-figures…
Read 9 tweets
30 Oct
SmarterCoin (Phase 3) will be going live in exactly 6 hours

We will be closely watching and tracking all wallets during Phase 3, and assigning Reputation Scores

Watching the full length video on smartcoin.farm is required to understand the upcoming mechanics

A thread:
We are rewarding teamwork. Our goal is to surpass @OlympusDAO in TVL ($3b+).

The wallets that actively support that mission will receive an airdropped NFT-key, (or NFKey) that will be used in Phase 10.

This NFKey is a critical component to winning the game🔐
So, how can you prepare?

In 6 hours, the fairest launch in crypto history will be taking place.

Users will be able to acquire our newest gaming token by simply owning SMRT, and swapping SMRT into SMRTr. Image
Read 8 tweets
21 Oct
How we created a token that 100x'd in a week and a platform with the highest converting landing page in the history of crypto (50% of unique site visitors = 100% of all unique SMRT wallets).

A thread about network effects, human psychology, and memes:
10 days ago smartcoin.farm came out of stealth. In that time the token price went from $.03 to a high of $2.63.

TVL went from 0 to $15million.

And a community of rabid fans was born.

This is how we did it:
1. Exploited the abhorrent lack of creativity currently in crypto (most projects are just cheap knockoffs)

2. Analyzed prior on-chain buy/sell patterns to model our tokenomics in as digestible a way as possible (@IronFinance, @dydxprotocol, @Frost_FI, @danielesesta, @dogecoin)
Read 11 tweets

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