Fairness is at the Heart of OASIS
Hey Natives,
We would like to thank you for all the huge amounts of support and love ProjectOasis has received as we set off on this most important of journeys: The gamification of DeFi and the construction of the most beautiful and nostalgic 2D metaverse in all of blockchain.
In the spirit of clear and transparent communication, we would like to share the following announcement…
A mis-calibration in the Starter IDO smart contract
After the hugely successful conclusion of all 3 of our IDOs, we started to analyze the data of participants across all launchpads and we found some abnormalities in the Starter IDO. It appears that due to a mis-calibration of the smart contract, a handful of users were able to purchase a larger amount of tokens than the allocated 0.73 BNB cap. With our small market cap, we planned for a small allocation to be allocated to a wide array of users so that more people can be a part of the OASIS metaverse, and on equal terms.
The Solution
As our natives are all aware, we are a community-centric project and as such, we will be refunding their “over purchase” in BNB. So anyone who purchased more than 0.73 BNB of OASIS will be refunded the difference. OASIS tokens will still be airdropped, but only up to the 0.73 BNB max cap (which represents 1600 OASIS)
Starter.xyz have very kindly offered to cover the cost of the refund in full, which totaled over $30k. The funds have been transferred to OASIS and the refund will be made shortly.
E.g. 1 BNB purchase of OASIS in IDO — 40% of these OASIS tokens will have already been claimable on listing of OASIS (or will have been airdropped to the participating wallet if not already claimed). This would equal 0.4 BNB worth of OASIS.
The OASIS tokens outstanding to reach the 0.73 BNB max cap will be airdropped on the same schedule as outlined in pre IDO (every 2 weeks — for 1 month).
The over-purchase of 0.27 BNB will be refunded and airdropped directly to the participating wallet immediately.
If you purchased a BNB amount that was large enough to allow a claim of more than 1600 OASIS in your initial 40%, then you will receive no more OASIS tokens during the airdrop schedule, and any BNB spent over the 0.73 BNB max cap will be refunded immediately via wallet airdrop.
We have thought about this for a long time, and believe this is the fairest way to do it. We understand that it wasn’t the fault of those who were able to over-purchase, and for that we can only apologise.
Overall this action will result in a lower circulating supply than initially set out (unsold tokens are held in this wallet).
What will we do with the excess unsold tokens?
We will be adding the unsold OASIS to a wallet controlled by the OASIS DAO. This will allow all OASIS holders to vote on the next course of action with these tokens eg. token burn, added to Participate-to-Earn rewards, rewards for NFT staking, etc.
The choice is all yours, natives. Thank you for your kind understanding.
This is a list of all the wallets that are affected by it.
https://docs.google.com/spreadsheets/d/1KxQ6hoi3Ad5nuS3MLIVr4GpTN_vbAkJKp-PEO8ZHfjE/edit#gid=0
We realize that it is slightly complicated and for anyone that is affected by this, please refer to the Starter team for more details regarding this issue.
Please stay tuned for more updates in the future.
Website: http://projectoasis.io/
Twitter: https://twitter.com/ProjectOasis_
Telegram: https://t.me/ProjectOasis_Official
