Harmony Proposes Hard Fork, Minting of Billions of ONE to Make Hack Victims Whole
- The elite team of the harmony agreement has given an expense reimbursement plan involving the hard fork chain.
- The plan includes two options: one is full repayment, the other is US $2.48 billion, 50% repayment.
- The mint will sell the coins within three years.
The elite team of harmony protocol has given a compensation plan so that all members of its community will suffer from the US $100 million attack carried out by Lazarus, a North Korean hacker alliance funded by the state.The proposal involves forking the harmony chain and creating billions of dollars in one chain.
First, the proposal involves a hard fork of the harmony chain to enhance the supply of a token. This token will instead be used to repay the affected community members within three years. The distribution will be conducted once a month and claims will be settled "at any time when the affected wallet can use tokens"
The proposal also provides two ways, one is to forge tokens with a hard fork. The first is to forge 4.97 billion tokens, which is conducive to 100% repayment. This amount is equivalent to about 138 million one tokens issued publicly every month, or US $2.76 million, with a price of US $0.020. Tokens will be gradually introduced into commodity circulation within three years.
The second option is likely to be 2.48 billion euros, so as to provide 50% compensation to the affected community members. This means that there are about 69 million one tokens or US $1.38 million per month. Tokens will also be gradually introduced into commodity circulation within three years.
As part of the plan, 86 million rolls will also be forged. This kind of token will be applicable to deal with the non refundable loans in various defi loan agreements intertwined with the harmonious ecosystem.The construction of harmonious communities shows concern about hidden inflation.
However, the plan of hard forking the harmony chain and creating billions of dollars has received different responses from the community, who are worried about the harm of adding tokens to the meaning. The following are examples of responses from twitter and the harmony conversation community forum.
Guys, it takes only a few days to forge a 4.97b coin and the price will fall sharply. Think about the investors who have been owning and betting for many years. We will never use that shipment to reach ath again. The drive chain will be broken by @ ingenious_ Geek posted on twitter.
We will sell all my $1 tokens and sell them to different types of chains. If there is any choice, you can't print out a large number of tokens for no reason, and I hope I can repay the tokens affected by # harmoniyone hacking from the source. My own $200000 chip is just a drop in the ocean according to @ dogecoinpilot on twitter.
"We will also give you some tokens that will also lead to serious inflation, but don't worry, everything will be better" - allayam said in talk.harmony.one.
After the expense reimbursement wallet, can the proposal improve scald? However, personally, what is lost is what is lost (we all know the risk of digital currency, and it is not the insurance of FDIC)... It is more important to hook again according to the pyramid mine in talk.harmony.one.
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