On May 21st, 2021, the original $BOG token was attacked, capitalizing on an exploit found in the staking portion of the original contract. This exploit, which was based around an error that paid stakers more tokens than were removed from the total transaction volume, allowed the attacker to effectively generate new tokens en masse. The end result was a massively inflated supply, distributed between stakers after the attacker stole three million dollars of liquidity and sold millions of tokens into the remaining pool.
During the event, the BogTools developers were able to halt all staking-related contract functions, ending the attack before it could be completed. With a massively inflated supply and a broken holder distribution, the developers employed a similar exploit to remove the remaining liquidity in preparation for a token migration and total relaunch.
Oh no! Have they fixed it?
The new $BOG contract no longer contains code that can result in this sort of event in the future. BogTools & https://Bogged.Finance are ready to make their return, stronger than ever. Backed by newly-completed and future-planned third party security audits, You can rest easy that your funds will be #SAFU.
Well, what happens next?
Let's find out.
Following the events of other prominent coin exploits, many users found chance for opportunity in the potential for a $BOG rebound. Unwary, they stumbled into one of the most ambitious projects on the Binance Smart Chain. With 15,000 new telegram members joining since the attack, we think $BOG is due for some action.
Me ape, me not know $BOG
Bogged.Finance & BogTools.io will be the most innovative token on BSC. Nothing else comes in striking distance of $BOG's ambition, target market, use-case, and functionality. The team is self-funded, the old token boasts over 40,000 holders, and the community engagement spread across Telegram, Discord, and Twitter pushes well over 25,000 members. No, they aren't bots. Feel free to check.
💎 Use Cases 💎
- Limit orders (buys/sells) on PancakeSwap v2: A Limit order is a type of buy order that you place with a specific buy or sell price, determined by you. When the market price reaches your target price, the trade will be automatically executed. Limit orders can help you buy dips or take profits to take advantage of volatility in the marketplace.
- Stop-Loss orders on PancakeSwap: Stop-Loss orders are orders that are triggered when a stock moves past a specific price point. Beyond that price point, stop-loss orders are converted into market orders that are executed at the best available price. Remember that massive dump where Bitcoin went from $64,000 to $30,000? You could've kept your money if you had a stop loss set up.
- Easy-to-read and fast-loading charts: Bogged.Finance's clean UI and fast loading times make it a better alternative than Poocoin, making newcomers even more attracted to DeFi.
- Token sniper: A hidden gem. It has 3 tiers, each with different features. Each order uses a dedicated high-performance node terabytes in size, and they use an extreme amount of gas to stay ahead of the game. During testing, the devs were able to get dozens of BNB (hundreds if they sold right away instead of holding)
- ARG: Bogged.Finance also has an ARG, with $10,000+ in prizes. It's perfect for people who like cybersecurity, although it's open to anyone.
- BogSwap: The website also includes a built-in swap that supports PancakeSwap v1, PancakeSwap v2, and ApeSwap.
- Built-in staking with high APY: BOG also has a staking function with a really high APY to incentivize people to add liquidity to the project. In the near future, everyone will also be able to use the solo staking function ,which enables you to stack BOGs without the fear of impermanent loss (this is currently only available to pre-exploit holders in orders for them to recover from the hack losses)
- - Decentralized Oracles:
- The BOG RNG V2 allows smart contracts to get randomness on-chain in a verifiably secure fashion. Hashes of the pending numbers are stored in the RNG contract and assigned to randomness requests in the initial call. The oracle will then call back the requesting contract with the random number which is verified against the stored hash to ensure the random number provided has not been tampered with based on the nature of the request. This is a simple but secure method of providing random numbers on-chain which allows developers to easily integrate it into their project instead of trying to roll their own solution.
- On-Chain Price Oracles: The charts also use these oracles. Accurate price data displayed in BNB
- Many more features that we don't even know about
🗺Roadmap🗺
- Any-to-Any Trading
- Scheduler Oracles
- Price Charts and Limit Orders v2
- Off-Chain Oracles
- Multi-Chain Oracles
- Toolkits
- Pro Mode
- Scheduler Oracles
- Embeddable BogCharts
- Cross-chain release on MATIC with BOG bridge
💰 Tokenomics 💰
- Max Supply: 15,000,000
- Circulating Supply: 13,300,000
- Transaction Fee: 5% on trading only. Transfers are free. 2% goes to solo stakers, 3% goes to LP stakers.
🔥 Post Launch Burns 🔥
-
1530 BNB ($459,000~) will be paired with an additional 221K BOG as a liquidity boost, this LP will be staked and the yield will be burnt, further reducing supply.
-
1530 BNB ($459,000~) will be used to buy-back and burn BOG, on a schedule of ~109 BNB per day for the two weeks following launch.
Further burns will be announced after this period and we will use our platform fees to buy-back and burn additional BOG.
- 🔗 Links 🔗
- Website - https://bogged.finance/
- Twitter - https://twitter.com/bogtools
- Discord - https://discord.gg/ktNXUkBM
- Telegram - https://t.me/bogtools/
- Charts - https://charts.bogged.finance/
- ARG - https://arg.bogged.finance/
No comments:
Post a Comment