$JANITOR Token Purchase Incident Review: A Lesson Worth $25,000 💥
Last week, the BNB Foundation decided to purchase $JANITOR tokens to support a $100 million incentive program.
We allocated 25,000 USDT to support the Janitor project, but due to hasty actions and incorrect routing, we ended up buying Janitor at $1.1 each — when the market price was actually only $0.01 😵💫
In other words, we spent $25,000 and only received tokens worth about $226… 🤕
After an internal investigation, it was found that this transaction was not a sandwich attack, but a typical routing deviation: the trade was automatically directed to a pool with almost no liquidity.
However, our commitment to supporting quality projects and communities remains unchanged.
✅ Today, the BNB Foundation has repurchased $25,000 worth of $JANITOR to show support.
🧑🏫 The lessons learned from this experience are as follows ⬇️
1. Always confirm where the liquidity is before buying tokens.
2. Carefully verify the transaction price before finalizing the purchase.
3. Be especially cautious with new tokens.
4. Start with small purchases to test; this is one of the survival rules of Web3.
This time, we personally faced the pitfalls, and we hope everyone avoids making the same mistakes 🙃
Finally, we would like to thank the community members for their supervision and care.
👉 The hash for the new token purchase is as follows:
$100 million Incentive Plan: Token Purchase Announcement
The BNB Chain Foundation wallet address has just completed its latest round of asset purchases 🎉
✅ Buy $25,000 in $JANITOR @JanitorBNB
✅ Buy $25,000 in $IDOL @meet_48
✅ Buy $50,000 in $CAKE @PancakeSwap
✅ Buy $50,000 in $LISTA @lista_dao
BNB Chain Foundation wallet address ⬇️
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