Clanker platform's first token launch faces sniping, community feedback calls it a "disaster"
Jinse Finance reported that Dan Romero, founder of Farcaster, announced that Clanker's first presale project, House, sold out within 30 seconds. Screenshots show that the hard cap for this presale was only 20 ETH. However, the community has described this presale as a "disaster" because Clanker used an old version of the presale contract that was released earlier this year. As a result, a whale was able to snipe the presale and acquire 16 ETH (80%) of the allocation. In addition, there was no limit on the participation amount per wallet, which was a major reason for the presale allocation being monopolized by a few. In response to this incident, Dan Romero stated that the sniping address will only be able to claim tokens after 7 days, and promised that the next presale will adopt a permissioned system to ensure fairness. At the time of writing, HOUSE has a market cap of $1 million, a trading volume of only $1.8 million, and 682 token holding addresses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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