DAO Maker SHO Contract Hack: FAQs

DeRacers, what a day we had yesterday…

As you already know, there was an exploit on DAO Maker’s vesting system for public sale participants. The tokens that DAO Maker was supposed to distribute to their public buyers were taken by a hacker and sold.

There was no additional token mint of DeRace; there is no bug in our contracts or token. The exploited tokens were taken from DAO Maker’s contract for DAO public buyers in future releases.

DAO Maker is working on a compensation plan for their community right now.

We understand that the DeRace community has some questions and we would like to fully address them.

1.How will the compensation work?

DAO Maker SHO users’ vesting was affected by the hack. DAO Maker is taking full responsibility for it, as the lost tokens were being held in their vaults. It’s an ongoing process.

2.What’s up with the account holding 47% of the tokens?

The account you are pointing at holds our LP. These are PancakeSwap LP tokens (our added liquidity to PancakeSwap).

In case of an emergency event like this — when it’s not fully known what happened — we had to move out the liquidity to a safe storage account. Once we have dealt with the situation it was placed back in, as it was before.

It is our LP tokens account. It has nothing to do with our tokens or treasury.

3.What about the LP staking on DAO Maker?

LP staking on DAO Maker is not affected. Only SHO users’ vesting was affected.

4.When will trading on Gate.io open?

We are in contact with Gate.io Exchange, trading should continue soon. It was stopped by the Gate.io team in order to stop potential losses for their users when it was unclear what happened. It will open up soon once it’s fully investigated.

5.Will your roadmap change because of this?

Since this breach did not affect any of our contracts, tokens, etc. we are still on the same timeline for game release.

I hope we covered the main community concerns in this article. If you have any pressing questions feel free to ask them in our Telegram and Discord channels. Our admins will answer them promptly.

Once again, no DeRace contracts were affected. All DeRace contracts and tokens are secure and audited.

Our development is on track to deliver all targets, and we are on the path to deliver one of the most unique gaming products in the market.

Thank you, DeRace community, for your trust in us.

About DeRace

DeRace is a complete NFT horse racing ecosystem where you can participate in horse races, breed NFT horses with unique characteristics, host races in your own NFT hippodrome and earn profit while doing it.

DeRace is electrifying the current NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control of their own hippodromes.

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Blockchain-based play to earn NFT horse racing platform where you can breed NFT horses, bet on real-time races, and host races in hippodromes www.derace.com