Thread by @XTZ_ESPORTS

1/9) The Zone team would like to apologise to the entire Algorand community for today’s events. It wasn’t worthy of Zone, we failed on numerous fronts & faced multiple challenges today but we learned and are stronger than ever as we continue to build $ZONE on @Algorand.

2/9) Gate.io initial listing price was shown as $0.004111. The initial listing price should have been the same as the Public IDO price of $0.03835. We are still investigating this issue and waiting for a complete report from gate.io.

3/9) Our analysis of the trade data reveals that there was only one txn executed at $0.004111 of an amount of 303.98 only, as can be seen here:
data.gateapi.io/api2/1/tradeHi…
This txn was responsible for the open price to be shown as $0.004111.

4/9) After that one txn, the rest of the trades were executed close to and above the IDO price.
We will be informing the community about this issue as we receive the full report.

5/9)Claims portal
Our claims portal server was put to the test as we saw huge load spikes which caused some users to be in the transfer queue for a long time.

6/9) Load balancers were deployed quickly and transactions were sent in batches. The issue has been resolved and the claims portal is working smoothly for users now.

7/9) Please make sure to have the minimum required amount of Algos for opt-in. We recommend 0.5 Algos to be safe.

8/9) Zone’s Telegram channel saw an influx of bots and spammers trying to get users to send funds to receive Zone tokens.

To prevent this, our admins temporarily disabled posting messages on Telegram while we cleaned up the chat and banned the scammers.

9/9) The vision behind ZONE is still the same if not stronger.
Our roadmap and the community are strong. With Zone mainnet, staking pools, AFK Elephants and Zobo coming next, all the reasons you joined the #ZoneArmy are still here.
WAGMI 🙇‍♀️