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LOAD News

14 Dec 2020 15:38

🌟🌟🌟 SPECIAL ANNOUNCEMENT 🌟🌟🌟

Dear all,

Thank you for your patience. 🙏

✅ It has been a long wait but V2 is finally ready!
We will proceed with the contract update on the 17th of December (Thursday) at 3am UTC. 🕒

✅We know we will be 17 days (two + weeks) late to the schedule in the roadmap and for that I apologize.

✅The main reason is that I wanted to avoid users needing to forecast everyday so in this new version users just need to forecast once and their forecast will be carried on everyday until they decide to change forecast direction. This only help users getting more divs as no forecast and wrong forecast are equal in term of dividends (25% of the dividend pot).

⚠️As for the update itself, you don’t need to do anything, BUT, for an extra layer of safety I would advise you to unlock all your tokens and claim your dividends on Wednesday so that if in a worst case scenario, anything would happen during the update your coins are safe in your MetaMask wallet .

✅Note that we did rigorous testing and we never had this issue AND that if anything did happen we would be able to locate your tokens and send back to your wallets,

⚠️Please don’t withdraw your divs during the 24h after the update or you might miss one day of divs, that will happen only on the day of the update, and won’t happen if you don’t withdraw your divs on that day.

❔If you have any questions regarding the update please make sure to tag an admin with @. We will be online to assist with any questions during the update phase . We will also update an FAQ right below this message.

💰Since its inception the LOAD smart contract has already paid more than 1,100,000 LOAD to its lockers, that’s around 75,000 USD at today’s value, that’s also more than 10% of its total supply (it’s good being early).

✅V2 is the final version of the LOAD contract, we will now start building the ecosystem around it.

⚠️Don't forget to claim and unlock your tokens back to your wallet before the update.
The update itself shouldn’t take more than 30 minutes.

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Thanks again for your support, 🙏

The LOAD team. 🚛 🚛 🚛

🔥🔥🔥V2 FAQ:🔥🔥🔥

✅Q: Do I need to forecast?

A: You don’t need to forecast to receive divs, if you don’t forecast you’ll receive as much divs as if you forecast wrong.

✅Q: Why are my divs so low?

A: Because you didn’t forecast or forecast wrong.

✅Q: CMC, Nomics, Uniswap show the price is going up but the UI says the price is going down, how come?

A: Because CMC, Nomics and UNI tells you the evolution of the price from right now to 24h ago, our UI gives you the evolution of the price from 00:00 to 00:00 utc on Uniswap each days. It can be different because of daily swings.

✅Q: It seems that the gas fee to withdraw divs got higher vs V1?

A: Yes, the contract is much more complex so the fee to run the computation is also higher BUT we managed to limit the additional computation for the next days so try to withdraw once a week and you won’t pay more than before, not to mention that as the gas price went down by a lot vs when we launched V1 you should end up paying less to withdraw divs.

✅Q: I forecast the price would go up tomorrow, today I wake up and check the price it went up and I did not win, why?

A: When you register your forecast your forecast is about the evolution of the price on the NEXT day. So you need to wait up to two days for the result (pass two time the 00:00 utc mark, once as the openning price, once as the closing price), we did that to avoid having cheaters forecasting at 23:59.

✅Q: Do I need to forecast each day?

A: No, that was one of our main change in our contract logic and it’s the main reason we are a little late on our road map. Once you forecast once, your forecast is registered for all the days following your forecast up to when you change your forecast direction. That’s to avoid users needing to pay a forecasting contract interaction fee everyday if they don’t want to.