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When the armory started to slow down and VIKING token price inevitably tanked they just pulled the plug. March 7th, It was as usual as it gets on the Viking Swap telegram feed. Viking Token price was down %90 from its mouth-watering ATH of 73$.
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- Most of the value the users get from the system was VIKING tokens that were being constantly minted for stakers.
- Second generation AMM with a deflationary governance token model.
- And this address was also set as the developer fee address.
- Viking Swap is the next generation of Automated Market Making decentralized exchange with a deflationary governance token model.
If it was the intention of Viking Swap developers to really buy back VIKING tokens with developer fee money, they could have replaced the developer fee account with a smart contract that does what they promised automatically and verifiably. The fact that they didn’t, shows us it was never their intention all along. BTCC provides live price updates 24/7 – you can visit in crypto market. BTCC exchange offers cryptocurrency futures trading and supports deposit of major cryptocurrencies. It seems the “devs” didn’t put much trust in their token after all and they didn’t keep their promise to buy back VIKING tokens with the armory fees. It is possible that all the other functionalities of the service was just a front to pull money into Armory Vaults to get the developer fees.
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You can see additional volatility levels and EUR price to VIKING data for 24-hour, 7-day, and 90-day periods in the table above. The Viking Swap price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Digitalcoinprice.com needs to review the security of your connection before proceeding. DropsTab is an independent market cap website and is not affiliated with any project or company. Needs to review the security of your connection before proceeding. Track over 10,000 crypto prices in real-time with ease.
Second generation AMM with a deflationary governance token model. Our contracts are unashamedly forked from GooseFinance, and we have introduced similar security protocols such as a 24 hour timelock, and complete removal of the migrator code so that you can farm in peace. Is the next generation of Automated Market Making decentralized exchange with a deflationary governance token model.
These jdk distributions software development came at a steady rate from the Viking MasterChef contract. They are the %4 deposit fees taken from Viking Swap Armory stakers, which they promised will be used to buy back VIKING tokens, which they never did. This wallet now holds 320K worth of EGG tokens, along with other tokens taken from armory deposit fees adding up to 1.2mil$ at the time of writing.
The data of the last 7 days show that the Viking Swap user base is 106 & has been increasing by 41.18%. The EUR to VIKING price chart indicates the historical change of EUR in VIKING over the past 30 days. A swap is an over the counter exchange that occurs to meet the financial needs of two different investors. More importantly, the most common swap is an interest-rate swap. In short, a swap is a derivative contract that involves a series of payments or exchanges of assets.
VIKING Price Chart
However, the swap market is one of the largest, most liquid and most competitive in the world. A plain vanilla swap is the most basic type of forward claim that is traded in the over-the-counter market between two private parties. A swap is a derivative contract through which two parties exchange financial instruments, such as interest rates, commodities or foreign exchange. To check Viking Swap’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. An angry VikingThe result was a frenzy of people trying to pull their liquidity assets from the Viking Swap pools.
Members were talking about the new NFT burn model that has been said to be worked on by devs. As usual devs were nowhere to be seen on the channel. When asked about, moderator Enzee remarked that the devs “value their privacy”.
Then in a few hours suddenly the telegram channel was locked and Viking Swap’s medium feed and telegram channel both displayed the same message titled “An Ode to Warriors” that announced devs have pulled the plug. NFTgames.net brings you the latest news in the crypto and NFT space. We review, compare, and list the upcoming NFT projects in the cryptosphere. We do not advise or recommend any providers for our readers, but rather we help them make informed decisions based on facts.
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Not really, as the code was solid and none of the staker funds could be moved by the developers. They just took the developer fees and never did what what they promised with it, buying back VIKING tokens. That inevitably lead to tanking of the VIKING price because all stakers sold their VIKING tokens to realize their “gains”. When the music stopped they shut down the shop and took the developer fees with them.
We are your go-to yield farm running on Binance Smart Chain and Pancakeswap exchange, with lots of other features that let you earn tokens. Viking Swap is the next generation of Automated Market Making decentralized exchange with a deflationary governance token model. I checked the token contract history to see VIKING tokens were preminted to 0x41bc71f56bebf212be0448e2f418c493bbb9f46d before its control was passed over to MasterChef contract.
The table contains the VIKING historical quotes of 13 common fiat currencies, and all prices are based on spot market data from the exchange. BTCC VIKING Exchange provides the purchase of 6 major cryptocurrencies and supports 60+ trading pairs of derivatives. The highest Euro was trading against Viking Swap in the last 30 days was 2.71B VIKING on UTC. The lowest exchange rate in the last 30 days was 2.71B VIKING on UTC. The relative change between the highs and lows in Euro price VIKING in the last 30 days indicates a volatility of 0.00%.
As it was mostly SushiSwap code with migrator removed, and a timelock of 24h put in the administrative functions, it seemed to be quite safe. The swap fees wouldn’t really amount to anything as the site really wasn’t used for swap except for its own token. Most of the value the users get from the system was VIKING tokens that were being constantly minted for stakers.
And it clearly shows stakers don’t have the knowledge to check if the devs are doing what they promised. Before this story unfolded, I was reading through the Viking Swap contract codes, and sifting through the addresses to understand how it works. Viking swap was obviously a clone of Goose Finance, which in turn seemed to have taken most of its contract code from SushiSwap. It was one of the many clones most of which seemed to have animal names for some reason. In my short research I didn’t find any vulnerabilities or deliberately put in backdoors in the code.
As VIKING token price headed for 0$, those who were hit the worst was the people who staked on the VIKING/BUSD pool. They were able to get a tiny fraction of what they put in if they were lucky. Over the last day, Viking Swap has had 0% transparent volume and has been trading on 17 active markets with its highest volume trading pairs being . By analyzing Viking Swap dApp data in the last 30-day window, it’s evident that the dApp’s Balance is $7.2K, and the Volume is bullish with $0.00. Viking Swap has generated 198 Transactions with a -49.36% drop in the 30-day period. Clearly, the Volume has been plummeting by 0% in comparison to the previous 7-day period.
An important feature of a swap is the bartering phase. Tweet us to let us know the worst birthday present you received, and tag #VikingSwap in your message. 3 Viking tokens will be offered to the three funniest submissions.
This highlights that most of the De-Fi https://coinbreakingnews.info/s on Binance Smart Chain are just clones without any real business model. Some aspects are even worse than a Ponzi Scheme as not all the newcomers’ money trickles up through the layers. Most of the money goes right through to developers to do with it whatever they want. A true de-fi project should always back their promises with smart contract.
And this address was also set as the developer fee address. All VIKING tokens transferred to this address have been burned by sending them to 0x000…dead. But this wallet also had a huge amount EGG tokens that are tokens awarded to Goose Finance stakers.
As a chapter of the National organization the Viking Chapter hosts an annual meeting. This is an opportunity for members to show their motorcycles and and if they choose, enter their machines to be professionally judged. This tradition dates back to 1983 when the event was held in Farmington MN. Our present day meets call the MN State Fairgrounds home.
