Relax, Stay Calm Bimp is 100% SAFU

DefyDefi
3 min readJul 25, 2021

This is to address the minor issue of someone unintentionally placing a liquidity on PancakeSwap.

Before we start,
this minor issue is easily solved, already solved and everyone will simply forget once we launch 😊

If you want the long explanation here you go👇

How this happened?
Someone created a liquidity pair on Pancake swap using the airdropped Bimp tokens.

Is this a common issue in defi and dex launches?
Yes, users who receive airdrop tokens make this kind of mistake regularly.
What’s important is we have devs who are experts of building and deploying smart contracts. This minor issue can be easily solved by top developers and good thing we have a lot of those in DefyDefi and Bimp 😉

Why is the token showing a price and marketcap?
The price and marketcap are based on the liquidity pairing that has been accidentally placed by someone on Pancake swap. Maybe someone experimented and paired BNB and Bimp creating an artificial price and marketcap. The marketcap shown is useless because the small amount of liquidity is not even enough for anyone to buy and sell under that liquidity pairing.

What will happen next?
We have already duplicated the same smart contract and will be deployed once we are ready to list on Pancake swap?

What will happen to the Bimp presale?
Presale is not affected with this issue since the presale is in a separate smart contract.

Will the presale continue as planned?
Yes. Once the public presale is finished, we will create the liquidity under the new smart contract.

Is it easy to duplicate the old smart contract?
Yes. We will simply copy the one that has already been audited and created by the team. This will be “done in” just a matter of minutes.

What will happen to the airdropped tokens that are already in our wallets?
The devs will airdrop 1:1 new Bimp tokens to every holder that has already received the Bimp tokens.

Is there anything I should prepare for the new smart contract?
Nothing really. Everything will proceed as planned, all links will be available on the website and all the dapps and website will have links to Pancake swap and the new BSC Scan token contract.

What will I do with the old token once I get the new Bimp tokens?
Nothing, once you get the new token just ignore the old one since it will be useless.

Will we still get airdrop prizes of Bimp tokens from the ongoing lottery and social sharing rewards?
Yes. Everything will still proceed as planned.

What will be the marketcap and price once we list on Pancake swap?
Everything will be the same as published on the website and whitepaper.
1 BNB = 500 Billion Bimp (before tax)
Opening Marketcap= $600,000

In summary:

  • We already have the new main net smart contract ready to be deployed.
  • All funds are safe since it is in a separate smart contract while we are still in presale period.
  • All Bimp tokens in your wallet will be replaced 1:1 with the new one.
  • We will airdrop everyone’s Bimp tokens before creating liquidity on Pancake swap.
  • Presale will still proceed as planned.
  • All funds are safe and secured because the presale smart contract is independent from the smart contract that is on the main net.

Again, this is just a minor issue that can be easily solved, already solved and everyone will simply forget once we launch 😊

PROJECT IS SAFU

Project is always SAFU (safety of user funds) because we have the best, brightest and most honest devs in defi.

Just keep playing in the lottery to win more prizes and tokens while we are still at the presale ground floor opportunity.

You may DM any of our admins if you have technical questions with regards to this matter.

https://t.me/BimpFinance

https://twitter.com/BIMP_Official

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DefyDefi

We raise funds for NFT startups and tokenize their royalty shares