To all GatlingFinance users
It is with regret and guilt that this announcement can also be called a confession, and the following is all the facts as they happen.
We started to test the performance of heco in the “heco maker program” and to speculate on how to make a long-tail asset compound project with a high degree of adhesion to community users in a completely innovative way, and the development team finally established the project GatlingFinance after two weeks of repeated arguments. We need a very successful DeFi project to realize the self-recognition of the heco ecology.
From the project profile of the allocation ratio display, zero agency zero team set aside and all mining pools announced in advance, and then to the front-end of all the code and auditors public, we are too ideal to prove something, but the development workload seriously exceeded our expected planning arrangements, resulting in all the data that we want to actively present and the product interaction experience seriously fall short, once again, thanks to the understanding of many users in the first phase.
Then the second phase of the composite mining pool, we learned a lesson from the first phase, the recent night and day overnight for repeated testing and communication, and strive to solve the first phase of all the optimization and experience on the user feedback and high-quality product features interactive feelings, unfortunately, the current product has completed the minimum standards on line, but the black swan event then happened
First of all, today’s incident we acknowledge the lack of experience in adding liquidity pools, plus the will to confront scripted programs beyond our forethought, here I want to speak objectively and factually, the OTC and community in the MDEX unofficial liquidity pools GTL unit price is more than the liquidity funds we provide, this we frankly, but the provision of liquidity pools is required from a more reasonable and can undertake the range from low to high Subjectively, we have absolutely no intention to do evil to damage the expected value of the GTL established by the market, doing so is tantamount to self-dealing, objectively playing with the script address which is a completely wrong strategy behavior. Therefore, after the incident, in order to protect our users from losses, we quickly conducted a community-wide stop adding liquidity and off-site risk alert again, and also took the initiative to inform and explain to heco and various support units.
We still have strong confidence in the product and project mechanism and are working on the most prudent and scientific solution for any visionary goal, as this is a decision that concerns the fate of the entire GatlingFinance project and the interests of all community members. We will do our best to ensure that the product and operations are not damaged by external factors, and that a proper plan will be announced as soon as possible, in order to benefit every one of our supporters as always.
Until the official announcement is made, we ask for a temporary halt to adding liquidity, and we call on the members of the GTL community who still trust and support us to work together to overcome this crisis.
GatlingFinance Development Team
2020/1/29 at 21:00
