- Hack on DAO Maker Contract
- Buyback is Happening Now
A. What Happened
There was an exploit on DAO Maker’s vesting system for public sale participants. The tokens that DAO Maker was supposed to distribute to their public buyers were taken by a hacker and sold.
The hacker dumped these in 2 parts, hence the two large drops. The hacker has no additional tokens to sell.
There was no additional token mint of DeRace; there is no bug in our contracts or token. The exploited tokens were taken from DAO Maker’s contract for DAO public buyers in future releases.
B. What is Happening Now
1. A buyback is underway with the help of DAO Maker to facilitate the price change.
2. DAO Maker will work on a compensation plan for their community.
This is a fire sale event for our community to get DERC tokens at a steep discount to just a day ago.
C. DeRace Remains Strong as Ever
No DeRace contracts are affected. All DeRace contracts and tokens are secure and audited.
Our development is on track to deliver all targets, and we are on the path to deliver one of the most unique gaming products in the market.
About DeRace
DeRace is a complete NFT horse racing ecosystem where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn profit while doing it.
DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.
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