An Update to our IDO on Skyward Finance

UniqueOne Network
2 min readNov 7, 2022

Dear Community,

Some of you might be aware about a recent incident on skyward finance wherein, Skyward finance treasury was drained through a contract exploit, rendering the Skyward token worthless.

Please refer the following tweet:

https://twitter.com/skywardfinance/status/1587947957789331457?s=20&t=lHJkYazcN7kbXRNqm3eewg

Although this did not affect any ongoing token sales, there is a lot of confusion and general fear among our community members to interact with any contract on Skyward.Finance.

As a result of this unfortunate incident that affected the Skyward team, the UniqueOne.Network team has decided to move our IDO to another platform and STOP the current sale on Skyward.Finance at the time of submission of the following proposal to delist/remove from whitelist $UNET tokens

https://gov.ref.finance/t/delisting-remove-from-whitelist-uniqueone-network-unet/809?u=halyconstudio

Our decision to have our IDO on Skyward’s fully decentralised platform was to provide a transparent and fair way for our supporters to acquire our tokens.

However, because of the incident, UniqueOne.Network wants to make sure that we protect our community and IDO participants.

These are steps that we will be taking:

  1. Firstly, all $UNET tokens put up for sale at Skyward.Finance will no longer be used. We will reissue our tokens and will be providing the new tokens to the participants of our initial launchpad sale (https://mars.bocachica.io/)
  2. As Skyward is a decentralized Dapp , no party can stop a sale until it is fully executed, we will refund the NEAR deposited to all participants of the Skyward.Finance sale who could not withdraw their NEAR before the sale period ended. Once the sale ends on the 10th of November, we will make the necessary arrangements to refund the participants. We also recommend participants who have received the $UNET tokens to send them back to the wallet address: uniqueonenetwork.near.
  3. We will then be moving our sale to another launchpad to continue our IDO. More details on the platform(s) will be provided very soon.

Thank you and we are truly sorry for the inconvenience. We hope that you will continue to support our cause to create a truly community driven platform.

P/S : Kindly refer to our Telegram channel for latest update here.

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UniqueOne Network

A Substrate-based next-generation NFT application-specific blockchain leveraging Web3.0 interoperability to augment the NFT Evolution.