Curve tokens leaked to the Internet
Launching your own project on the Blockchain is a complex, multi-stage and rather lengthy process. Which doesn’t always go smoothly. In the modern world, there are dozens of nuances that prevent a company from starting without problems. Roughly the same thing happened with the new project Curve, the tokens of which leaked to the Network ahead of time. This attracted considerable attention to the young company. Next, we will tell you everything that should be understood about the hero of this article. As well as about the reasons for the leakage of coins. So let’s get started.
A little about the project
First of all, let us remind those who follow young projects what Curve is. Moreover, we have no doubt that a large part of our audience, in principle, hears about Curve for the first time. So let’s figure it out. First, it is a fairly innovative and large application. The main area of activity of the project team is centered around the newfangled cryptocurrency cards. If you follow our news, you know that lately many companies have started issuing their own payment cards for cryptocurrencies. Such solutions enjoy a dubious reputation in the industry. But are definitely popular and deserve the attention of independent developers. These include representatives of Curve. Who released their own utility for working with multiple cards. The application includes the functionality needed to monitor accounts and other useful digital card transactions. The application is quite popular among active users of the cryptoindustry.
The company, having convinced of the buyers’ interest, began to actively raise funds. They decided to do this. And, as expected, using their own tokens. You buy coins that can generate income in the future. And the company develops with your money. It’s simple. Here are just the same tokens that were supposed to go to investors, unauthorizedly got into the Network. Apparently, we are talking about a serious hack of the system. And not just getting attention. Details are in the next section.
How did Curve tokens become public?
A lone developer is most likely behind the publication of the coins. Roughly speaking, the specialist just launched the Blockchain required for the tokens to work. The system was ready, but the developers postponed the official start until a better time. However, it took a third-party expert only 19.9 ETH to make the tokens available to everyone. Note that the developers immediately rushed to assure users that the coins issued were fake. However, a little later, a message was received that confirms the originality of the tokens. Everything is done at the highest level. Even the developers on their Twitter account admit it. The launch took place according to all the rules. But, unfortunately, without the knowledge of the token creators.
It is noteworthy that an unknown developer approached Curve sabotage so responsibly that he even brought the tokens to cryptocurrency exchanges. Sites such as Poloniex have already announced that the purchase and sale of the company’s coins is now available. Moreover, even token mining is possible today. The enterprise has faced sound criticism. Some users believe Curve is just collecting hype around its own tokens. Others believe that the unauthorized launch of tokens will alienate serious investors. Users may feel that the project is not reliable enough.
What’s next for Curve? Find out with us by following the crypto industry news on our website. We publish only high-quality and interesting material. Thanks for your attention. Good luck!