Post
Topic
Board Tokens (Altcoins)
Re: WINGS ★ Where DAO Unicorns Are Born! ★ Token launched!
by
Mark Chain
on 10/04/2019, 10:10:38 UTC
And what about that shady thing with unlocking wings being unavailable at the day of Binance delisting announcement? That was the most shady things here. Was it ever established if it was an inside job or something else and was it ever established how many people lost how much money because of that (what was the scale of it? We need a report) and were they ever refunded (and it so, was the refund sufficient or simply some kind of consolation prize). That lockout was very suspicious and basically killed trust in the project. Still holding though because no point selling at this stage.

There was a bug that has already been fixed.


Well, everyone knows there was a bug but that’s not the real question. That’s quite convenient that the bug happened when the delisting news was announced. Why some people were able to unlock and some not? How many people were affected ane how much money they lost because of that incident? Were they refunded and if so how much of their losses? What Wings is planning to do to regain the trust after that convenient incident? Was there investigation to prove who was responsible for that and if perhaps it was an inside job and only some insiders were able to withdraw while regular users could not? Couple of big accounts were liquidated on that day while many others were locked, please check on block explorer. I am still holding my wings as an investment but after that incident I would never lock it in your contract knowing that in case of black swan scenario another convenient bug could happen, preventing users from moving the wings out of the contract while some big accounts are selling freely. Give us lists of addresses affected and some explanation and results of your internal investigation.


You can always unlock directly without using ui via smart contract.

Bug was only on ui/backend.


As I said, it didn’t directly affect me since my wings were not locked since I found it more profitable to trade it on the exchanges, but what you are actually saying basically confirms what I stated above, that basically on the day of the delisting announcement only insiders and people who figured out the alternatives to your interface were able to withdraw, while regular users were unable to sell and needed to wait till those groups sell and then conveniently the issue was fixed. If you don’t see it as reason for internal investigation and figuring out who profited on this the most and how many people lost their money and that trust was damaged I don’t know how to make you take this more seriously. Red flag till there is investigation and blog post on it instead of trying to diminish it.


You are reaching for some conspiracy, everyone knew about this contract bug and not a single person lost funds.

Delisting was a surprise event to all, especially WINGS team. Yet , here you are ... arguing with legit source, demanding, rambling on with this nonsense about the 'timing' of an simple API smart contract bug in the UI. 

Who hurt you?



How about you go to the Wings Telegram and scroll up to the date of the delisting announcement and check all those comments from people who are unable to unlock their tokens, while the price tanks? Yes, people lost money. Yes, it seems they were unable to sell, while some big accounts were selling. Those are all facts that you can check on the block explorer and Telegram.

my 2c. yes, its possible people lost opportunity to sell due to this bug. i cheked the telegram group and it seems only about 5 people (which from the texts appear to have no connection with each other) didn't have their problem solved after changing browser and cleaning cache and other offered solutions. it doesn't seem like a lot at all, certainly not enough to claim "conspiracy".
bugs are crap. people also lost money in thedao, parity bug1, parity bug2, and the list goes on and on.
Binance had publically said that no teams are made aware of delisting prior to the announcement. All the info simply doesn't match up even remotely to support the claim that this was somehow a mechanism to prevent people from dumping.

this is yet another reason why i urge wings team to open source as much as possible. i understand why the smart contracts aren't being open sourced, but the front end and maybe parts of the back end could be.