$CATCH Token CEX Listing Update
Hello Catchers! A new week is here, and that means a new SpaceCatch update! Before we give you CEX updates, we want to assure you that the main product, the AR Game, is being developed as planned, and we are heading towards launching version with the CATCH token utility implemented.
SpaceCatch Devlog #11
You can see all the progress in our latest #11 devlog, which was published today on our YouTube channel
By this, we want to demonstrate that the incident involving our exploited staking contract did not affect the main product’s development. The goal remains the same: to launch the best AR Web3 game on the market.
CEX Update
We have resolved the DEX trading issues, including all new smart contracts, audits, 1:1 on-chain swap, and on-chain distribution to exchanges in a record of 21 days. Currently, we cannot speed up the process of restarting the CEX trading. Anyway, we are working with CEXs very actively to make things happen, so here are the updates:
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Gate.io — As mentioned last time, Gate.io is going to have an individual refund policy. Gate.io, SpaceCatch team, and an independent Refund team agreed on terms and conditions. Gate.io has already received all tokens for the refund airdrop for carefully selected user accounts that traded after the exploit, what you can check via links below. On-chain proof: 2 transactions from the SpaceCatch team to the Gate exchange:
- https://arbiscan.io/tx/0x2e9d60f44d770785a71b3b24a8916cf979defaa68cbaf8715ca0c4c282a75d44
- https://arbiscan.io/tx/0x8a1e8794ec11d7a01140d30606115e761c7a4aa590c58aa943afc3ff0c607eea
The official announcement about supporting the 1:1 swap by Gate made everything easier, as before the announcement, everyone was waiting for each other. We are happy that Gate took the lead role. Now, it’s all in the hands of the tech team, responsible for the 1:1 swap and proper distribution of the refund airdrop for users who traded after the exploit.
MEXC — During the last weeks, MEXC was very active and helpful on providing various data, leading to in identifying hacker transactions. Big thanks to the MEXC tech team. Using various tools, we tracked many new hacker resources in general, leading to the elimination of multiple wallets from any refund not only on MEXC. At the moment, we are negotiating direct refunds for users who traded after the exploit on MEXC, to provide the best and smoothest user experience with refunds. Certainly, there will be another MEXC update soon, as we are very close to finalizing the tech side of the swap and refund airdrop for users active after the exploit. Thanks to MEXC team for being very helpful in solving the situation.
Bitget — A huge amount of exploited tokens ended up on Bitget, leading to over an 800% CATCH balance increase there. We are in touch with the team, trying to find the best solution for all. Our tech team is tracking all deposits and their origin, excluding TXIDs of hacker deposits to Bitmart.
XT.com, BingX, Bitmart — Due to low volumes before the exploit compared to the top 3 CEXs where CATCH was traded, they are waiting for the launch of at least one of the leading CEXs, which is natural due to market-making issues.
Conclusion
As you can see by the finalizing progress with Gate, including TXIDs of tokens sent to Gate for refunds, we are actively working on solving the situation. The team is doing its best. Our commitment to the SpaceCatch, same as our other crypto activities, is strong, and we are doing our best to deliver what we promised. Please check all mentioned TXIDs, check the devlog, and rest assured that we are working hard to deliver the product we promised. As you can see from the price drop, we have a very low market capitalization, which will be a great restarting point for the “SpaceCatch is BACK” marketing campaign, planned once this situation is resolved.
Stay strong, Catchers. We are still here, and despite the exploit, we are very strong. Stay strong with us!
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