Hello, this is ENTC.
The foundation determined that there was no reason to delay token swaps for investor protection measures and early termination of the hacking incident, and decided to swap tokens as follows to prevent further damage with quick swaps.
[2024.05.05. ENTERBUTTON (ENTC) -> XENT token rebranding and swap decision]
(Token to be swapped)
Token name: ENTERBUTTON
Ticker: ENTC
Network : Ethereum
Token contract address: 0x3Ecab35B64345bfC472477A653e4A3abE70532D9
Total issue amount : 907,000,000,000 ENTC
Swap target volume: 907,000,000,000 ENTC total
* Swaps are carried out at a 1:1 ratio and the base point is based on each exchange, on-chain, and blacklist case.
(See below rebranding, swap token payment method)
(Official token informations after rebranding and swap)
Token Name: Cent (XENT)
Ticker: XENT
Network : Ethereum
Token contract address: 0x17CaA121F5F95Ee9B85F756E41ad9e09Fe449964
Total issue amount : 907,000,000 XENT
(Reason for deciding token swap)
The decision was made to strengthen the security of the token contract and reorganize the management system and normalize the project by stealing the token and owner's account through hacking that occurred on April 29, 2024.
(Reasons for the decision to rebrand)
If the same token name, ticker, etc. as the existing token is used, the risk of phishing and fraud targeting investors by hackers (attackers) who abuse it is extremely high, and it is likely to cause investor confusion due to difficulty in distinguishing between tokens.
(Rebranding, Swap Token Payment Method)
Case 1: Centralized Exchange with Transaction Support (MEXC, LBank) where the direct inflow of deodorizing tokens occurred
1:1 swap support after the collection of frozen tokens and assets after being deposited to the hacker address is completed in cooperation with investigative agencies
Case 2: Centralized Exchange with no direct inflow of deodorizing tokens (Bithumb)
Full ENTC token XENT 1:1 swap support on exchange
Case 3: All addresses (excluding blacklists) except the wallet of the transaction support exchange
Supports 1:1 address swaps except blacklists
Details of payment plan by quantity held on-chain (equivalent payment for differences less than one unit)
0~10 ENTC : 10 XENT
10~ENTC: The same amount of XENT payment
*Blacklists and deodorizing wallets are not paid to the same address, but to a new address.
(Measures to use them after collecting hacker sales assets in the exchange in the future)
When recovering hacker sales assets in the frozen exchange, it plans to use the entire amount for buyback, and the buyback token is incinerated after withdrawal.
(Measures for Compensation)
Plan to announce after completion of swap and emergency measures
(Guidance)
- The swap will be carried out sequentially from May 13, 2024 to prevent confusion by setting an investor recognition period for guidance and requires cooperation from each exchange and investigating agency before proceeding.
Therefore, the schedule of rebranding and swap payments may be different on a case-by-case basis and we will finalize the process as soon as possible.
- We plan to quickly normalize information updates including user rewards, team compensation, and distribution volume, and we will inform you of the details through additional announcements later.
- Changes to information such as coin market cap and website renewal will be made sequentially from the date of announcement (May 5th).