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.
To claim your presale, go to your Profile → Presales and hit “Redeem”.
NEXT: HIT THE CLAIM BUTTON 🎁
My first Watch to earn video is live, anyone (presale buyer or not) can watch the full video, click the golden gift icon, and redeem free WATCHCOIN tomorrow!
LFG! Feedback appreciated, we’re hard at work fixing bugs right now.
Turns out the only way to even remotely compete with PumpFun was found not in the trenches — where they clearly dominate — but in web2, by making it easily accessible on X and the App Store