GraFun Labs, a popular platform for memecoin launching a trading, has recently collaborated with BADAI, a decentralized company merging blockchain and AI technologies, Floki, a prominent memecoin entity. The GraFun Labs’ partnership with BADAI and Floki targets to conduct a reimbursement plan for consumers impacted during the launch of the $BADAI TOKEN. The platform disclosed this endeavor on its official social media account.
GraFun Offers Reimbursement Plan to Compensate $BADAI Launch Affecties
GraFun Labs is reportedly delivering financial relief to the clients who were affected during the recent launch of $BADAI. As per the reports, in an unforeseen exploit vector, these users got an enormous impact. Hence, GraFun Labs is collaborating with BADAI and Floki for an adequate compensation. For a considerable period, GraFun Labs has been endeavoring to ensure security and fairness in the memecoin launches. The current move is another instance of the platform’s commitment to fulfilling these promises.
The platform’s anti-sniping protection apparatus blocks the programmed trading bots when they attempt to gain an unfair advantage. It has effectively decreased sniper activity along with promoting equitable trading circumstances. Nonetheless, the platform admits that a few genuine consumers were unwillingly impacted. This prompted the company to launch the compensation program. Thus, to guarantee fair reimbursement, GraFun Labs follows a transparent calculation of compensation via the Binance Coin ($BNB).
Implementing Stringent Eligibility Criteria to avoid Exploitation
The reimbursement plan has stringent eligibility conditions, maintaining fairness to prevent the program’s potential exploitation. In line with the eligibility criteria, the consumers must have bought $BADAI tokens following the 1st anti-sniping protection stage but before the official deactivation of the system. In addition to this, The eligible clients should also have had no interactions at all with unverified or suspicious proxy contracts. Moreover, they should also have not participated in arbitrage-related activities or Miner Extractable Value.
According to GraFun Labs, to be a part of the compensation plan, the eligible users also need to accomplish several steps. They include KYC verification, reimbursement claim submission, and wallet eligibility detection. By implementing these strict principles, GraFun Labs focuses on ensuring that the impacted users get their refund. The reimbursement plan reaffirms GraFun Labs’ plan to develop a relatively transparent and safer ecosystem to launch memecoins.
