DUCATO
Published in

DUCATO

[Notice] DUCATO HQ Announcement : Accident status and countermeasures & token distribution and holding status

(1) Countermeasure for DUCATO token leakage accident and a measure to prevent a recurrence

◼ Facts of the Accident

On August 14th, 2021, in the morning, there was an accident of 3.9million DUCATO token leakage from a wallet owned by Delio, a partner company of DUCATO HQ.

◼ Accident Investigation

According to a result of UPPSALA SECURITY, a provider of security tools for blockchain, about the leaked DUCATO token, about 3.1million of 3.9million were converted to KDUCATO on Orbit Bridge and sold from the KLAYswap service, of which about 1.5million were converted back o ERC20 DUCATO token and deposited to exchanges such as Coinone and Bittrex.

◼ Countermeasure of DUCATO

It is judged that the secondary dumping may occur due to an unconfirmed token sell if Coinone and Ozys resume deposit and withdrawal. To prevent secondary dumping, DUCATO HQ will continue to buyback and burn with KYC(Know Your Customer) after issuing a new amount.

◼ Storage of DUCATO Token

DUCATO has partnered with LEDGER, a hardware digital wallet manufacturer, and keeps DUCATO tokens safe in ‘Ledger Vault’, a crypto asset trust platform. In addition, since DUCATO has bought insurance for loss provided by LEDGER so it can minimize damage by receiving compensation in case of the accident.

(2) Information on token distribution and holding status

DUCATO HQ announces the distribution and retention status of DUCATO PROTOCOL TOKEN as follows for transparent project operation. DUCATOHQ will regularly announce the overall distribution status once every two weeks, including buybacks, toke burn, and volume movement details. Thank you.

Retention Status of DUCATO HQ Token as of September 17, 2021, AM 09:00 (KST)

Token Burn Status as of September 17, 2021, AM 09:00 (KST)

Market Distribution Status of Token as of September 17, 2021, AM 09:00 (KST)

Total Circulation Amount : 5,345,000 DUCATO (10.69%)

We will do our best to protect investors and restore trust.

September 17, 2021. DUCATO HQ

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store