📺 BREAKING: our Watch-to-Earn App "10K" Relaunches June 4!
Three weeks ago, our launch exploded with $10M+ in volume within 24 hours, thanks to our first creators: WATCHCOIN (myself), GINO, JAKE and DOODLIFTS.
We saw an amazing turnout of 40K users and started charting on the App Store... until 300K bots showed up. Bots are welcome, but we’ve upgraded our economics to better accommodate everyone (bots and humans alike).
WHAT'S NEW NEXT WEEK ↓
1. Better Creator Coin Economics - $10K presale required to launch - Removed the 24h timer that led to high market caps - Small purchase required to unlock Watch-to-Earn
2. Transaction Fee Subsidies - Watch-to-Earn currently costs ~$0.42, but you’re automatically reimbursed $0.21 the next day when you claim your rewards. The remaining $0.21 covers Solana’s “rent” for adding a new coin to your wallet. We didn’t explain that well enough, and we’re working on both clearer communication and lower fees. - We’re also revamping our in-app guides on Solana fees and will subsidize transaction costs wherever feasible.
3. Let Anyone Post Videos Anyone will be able to start a coin presale, and therefore start posting videos as soon as their $10K presale is reached!
4. Verified Creators with X Creators will be able to link their X account to verify their identity and avoid impersonators.
Thrilled to see this evolution. Iterating live in crypto is intense due to live prices (always be careful – these creator coins are volatile memecoins and you may lose money!), but I'm proud it's only taking us three weeks to ship a V2 of our app.
Going to share more tomorrow about what's next for @10KWorld_.
Came up with an idea that tackles two big problems at once: stronger tokenomics with real utility for creator coins, and completely shutting down Sybil farmers looking for short-term gains.
More details tomorrow. Likely shipping in ~2-3 weeks.
Update: WATCHCOIN (my own creator coin) will temporarily pause posting videos due to ongoing Sybil attacks targeting its vault. Should be back in a couple days!
Other creators like @GinoTheGhost, @doodlifts, and many more will continue as usual—this issue specifically impacts WATCHCOIN's larger vault.
Each video I post currently triggers a ~$42,000 bounty, attracting significant Sybil attention. We've already patched a key loophole identified on Day 1, drastically improving the situation.
Next week, we're rapidly enhancing the 10K app by:
- Strengthening our tokenomics (lower market cap, improved anti-sniper protections) - Making Watch-To-Earn mechanics far more robust against exploits
Thanks for your patience and support—more updates coming extremely soon!
👍 Solid traction proving the power of "Watch-to-Earn," we're charting on the App Store 👍 Creator LP rewards (1% fee, no premine) turned out healthy, a great design choice 👎 Presales appear fair but attract snipers or sell-offs. We're exploring fixed caps short-term, and vesting or bonding curves in a v2 👎 Sybil attacks on Watch-to-Earn. Our gradual, pro-rata airdrop model does reduce farming, but not entirely
Today at 5:53 PM, an anonymous user responsibly disclosed a vulnerability affecting the Watch to Earn smart contracts on 10K.
This issue allowed at least three malicious wallets to repeatedly reuse a backend signature, enabling them to improperly claim multiple WATCHCOIN airdrops and subsequently sell the tokens.
The vulnerability was confined strictly to the initial WATCHCOIN airdrop, placing no more than 0.6% of the total supply at risk.
Our team acknowledged the vulnerability at 6:09 PM and deployed a fix by 7:05 PM—less than an hour after recognition.
For transparency, here are the wallets involved in significant exploit activity: -8QmXT5nNMcAQNZRXiQorXV9t3cg9nvaTJJxpPwzoogAn -AWtAMk9Gh82ViYxhdbEkPKn7GYnjWkp1uzw8fnDr4YcL -92Sms6uBXe4XeZFN76HjeBGR9my26dBwLp3Yce1RY3ah
We appreciate the timely disclosure and swift response from our engineering team to mitigate this vulnerability.
What’s about to happen with WATCHCOIN is fascinating:
Yes, our uncapped presale blew past expectations with over $8M—but now we have over $10M in locked liquidity, meaning each daily Watch-to-Earn video will airdrop ~$100K worth of WATCHCOIN (0.6% airdropped per video)
Will people claim and sell? Possibly.
But this is a deliberate experiment in maximizing holder count of WATCHCOIN.
Hundreds of thousands of new holders will join us in the coming days.
Mass exposure + fun video app—let’s see what happens.