Hi everyone, it's Daniil, CEO of JVault
Yesterday, due to a bug in the deployment of the $JVT staking smart contract back in February, Private Sale investors were able to withdraw tokens not belonging to them from the $JVT staking pool.
Before our team discovered the problem and suspended the staking pool, some users managed to exploit the vulnerability. Thus, UQ…i4x_, UQ...TkGH and some other wallets withdrew about 100k $JVT and sold them.
Also, a bug was discovered in the locker. An incorrect smart contract address was written to the database, causing users to send tokens to an irrelevant contract. This resulted in a perpetual asset lockout for 2 users who we have already contacted to provide compensation.
We have seen the project develop unstably in recent months. At this time we are trying to contain the liquidity outflow due to the general market situation. We are also working to ensure that the lack of Open League boost will have as little impact on the project and investors' assets as possible.
The next post will tell you about our plans for the project development.
Yesterday, due to a bug in the deployment of the $JVT staking smart contract back in February, Private Sale investors were able to withdraw tokens not belonging to them from the $JVT staking pool.
Before our team discovered the problem and suspended the staking pool, some users managed to exploit the vulnerability. Thus, UQ…i4x_, UQ...TkGH and some other wallets withdrew about 100k $JVT and sold them.
Also, a bug was discovered in the locker. An incorrect smart contract address was written to the database, causing users to send tokens to an irrelevant contract. This resulted in a perpetual asset lockout for 2 users who we have already contacted to provide compensation.
We have seen the project develop unstably in recent months. At this time we are trying to contain the liquidity outflow due to the general market situation. We are also working to ensure that the lack of Open League boost will have as little impact on the project and investors' assets as possible.
The next post will tell you about our plans for the project development.
1👍10❤5🔥3👏2😡2
After yesterday's situation, we realised that the project needed some serious changes and made some decisions to restructure the internals of JVault:
⭐️ Now even small updates will be subject to multi-stage control by all the staff developers
⭐️ Audits and public testing will become mandatory for all major releases
⭐️ A Bug Bounty programme will be launched with rewards of up to $2000 for each vulnerability found
⭐️ From now on, all JVault revenue will be allocated to the $JVT token, which will be burned until 100k $JVT is redeemed
To stabilise the development of the project we continue to work on updates. On the 20th of August we will relaunch the fully updated JVT staking with v2 index.
P.S. It is important to note that the issues described above are not related to the smart contract code. The audits we passed previously remain valid and all of our services continue to operate as standard.
Regards,
JVault Team⭐️
Website⭐ X⭐ Chat EN⭐ Chat RU
To stabilise the development of the project we continue to work on updates. On the 20th of August we will relaunch the fully updated JVT staking with v2 index.
P.S. It is important to note that the issues described above are not related to the smart contract code. The audits we passed previously remain valid and all of our services continue to operate as standard.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
❤29👍11🔥8🤯6
We will soon be introducing a new version of staking that includes a number of new features:
Each test participant will be provided with an exclusive SBT developed by TON Society in conjunction with JVault.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
🔥23👍15❤13
Our sincere thanks to everyone who participated in our creative competition. Each and every entry was reviewed with great pleasure and, once again, we are convinced that the JVault community is the most imaginative and incredibly creative.
All winners will be contacted by us to receive their well-deserved prizes. Those participants who could not win this competition, we ask you not to be upset, because this is not the end of creative competitions from JVault. A lot of interesting things are ahead of you!
See you in 3 days,
JVault team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍42❤16👏10
By joining this exciting game, you open up the opportunity to earn $HPO tokens. These tokens can become your assets — you can exchange them, store to get a share of the protocol's profits, or use to participate in managing its development.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
❤212👍175🔥56😁35😐13
The moment has come when we can present you the updated staking platform, including the most technologically advanced set of features that both founders and stakers need to operate.
— You can learn more about the staking platform in our documentation.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍596❤244🔥139🥰42
Excellent news for $JVT holders: now in the JVT/HYDRA pool you have access to $3,630 $HYDRA (~$27,000) boosts allocated by our partner, The Open League winner Hydra project.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍23❤10🔥9
We are pleased to introduce a new section where we will summarise the most important developments in the JVault ecosystem
We launched an updated staking platform that includes the most technologically advanced set of features
The updated version of the JVault staking platform has 4 staking pools available right now: $JVT, $AIC, $TAUUSDT and $TEN
Our partner Project Hydra has allocated $3,630 $HYDRA (~$27,000) as boosts to the JVT/HYDRA pool
We have summarised the results in the creative contest for our community, selecting the most interesting and original works
See you soon,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍19❤10🔥8
We're keen for as many people as possible to try out the Staking V2 features, therefore we're temporarily reducing commissions on creating staking pools and adding rewards for stakers.
We invite project creators to join our new staking platform and try out truly user-friendly and innovative DeFi tools on the TON blockchain.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍16🔥10❤6😁1
Introducing a new quest campaign from Big Balls Birds, a meme token with big ideas, big community, big art and a significant APR in pool on the JVault's staking platform.
The event will last up to and including 18 September.
Best wishes for success,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍14❤7🔥7
Last week we announced a reduction of commissions for new staking pools, these special conditions will be valid until 13 September inclusive.
In the new campaign besides to the opportunity for cash prizes (~$11,000), all participants will receive SBT from TON Society.
There are now four new staking pools on the platform: BBB-STAKING, TAU-TON, STX and MRFREEMAN.
In the last week, the total value of locked assets (TVL) on jvault.xyz exceeded $280,000. In addition, 3,000 $JVT received as commissions has been burned.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍18❤9🔥6
The $JVT token has become available on CoinGecko, one of the largest aggregators of cryptocurrency data.
To stay up to date with all events related to $JVT, we recommend adding the token to the ‘Watchlist’.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍19❤9🔥7👏3😁3
It happened! We are happy to announce that now there is a separate community for the most active members of our ecosystem. In it we will talk about the internal processes of the JVault project, share insights, test new functionality, hold AMA sessions and reveal the secrets of upcoming partnerships.
— 1,000 $JVT in 3 days pool
— 800 $JVT in 7 days pool
— 500 $JVT in 14 days pool
— 300 $JVT in 30 days pool
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍122🔥62❤49
Introducing a quest campaign from Rebalancer, an index token on the TON blockchain that generates profits from commissions in liquidity pools.
The event will run up to and including the 22th of September. Please note that token transactions on DEX are subject to a 5% commission.
We wish you success,
JVault team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍19🔥12❤7👏4🎉4
Right now JVault is among the leading protocols in The Open League.
We invite our users to take part in a massive Open League airdrop with a prize pool of $1,200,000.
Stake your tokens in any of the 60+ active staking pools on our platform (for at least $200), and start earning points for Degen Airdrop.
The Open League provides unique opportunities for all TON blockchain users. Do not miss such a large-scale event.
Don't waste a minute,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍14❤13🔥7👎2
We continue to share the top events in our weekly column.
This week, the $JVT token became available on CoinGecko, one of the largest aggregators of cryptocurrency data.
We launched a closed club for the most active members of our ecosystem, where we will talk about the internal processes of the JVault project, share insights, test new functionality and hold AMA sessions.
A new campaign. In addition to the opportunity to win cash prizes (~$15,000), all participants will receive SBT from TON Society.
There are four new staking pools on the platform: TEN-TON, BITT-MINING, WHR-STAKING and TEN-USDT.
We invite all TON blockchain users to use our staking platform, to participate in the massive Open League airdrop with a prize pool of $1,200,000.
Regards,
Team JVault
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍17❤12🔥4
We are pleased to welcome to our staking platform one of the most sensational projects of this year — Aqua Protocol.
Don't miss out on this unique opportunity that will increase your position in AquaXP, and open the doors to the wonderful financial world of Aqua Protocol.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍24🔥15❤13👎2
Great news for you, a new staking pool of utility token $WEB3 has been launched today on our platform.
The $WEB3 token is the heart of the TON DNS Club ecosystem, which includes tools such as TON DNS Viewer Pro, Track Auctions, Crypt Watch Bot, Web3 Analytics Swaps, and the upcoming domain name marketplace Webdom.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍32❤15🔥12👎1
We continue to highlight the most important events in the JVault ecosystem in our weekly digest.
According to DefiLlama, the total value of locked assets (TVL) on our staking platform reached $1,600,000 this week.
The campaign from Big Balls Birds with a prize fund of $6,500 was completed on our project promotion service — Quest Bot.
A staking pool with floating returns has been established, in which 100,000 $WEB3 (~$30,000) will be distributed, up to and including 31.12.2024. The TVL of the pool is currently $90,000.
Over 7,600 stakers have joined the staking pool, where 50,000,000 AquaXP will be distributed over the next month.
We have added notifications about the creation of staking pools to the JVault Notifications channel. Now you will be able to learn about new token placements on our platform without delay.
Regards,
JVault Team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
👍22❤13🔥9🥰3
Another quarter of the year has passed and early October is the best time to take stock of the previous months.
Without stopping for a single day, we continue our painstaking work on the JVault ecosystem.
Stay tuned,
JVault team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
13👍27❤8🔥4
We are pleased to announce that the JVault protocol has successfully passed a security audit conducted by a well-known and well established developer in the TON Community — Mr. Freeman.
The audit did not reveal any critical vulnerabilities in the protocol's operation, which makes us proud and inspires us to continue our efforts in the development of the JVault staking platform.
Now impenetrable,
JVault team
Website
Please open Telegram to view this post
VIEW IN TELEGRAM
2👍29❤9🔥7😁3