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.
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