Initial Launch and our APD (anti pump and dump) feature.

Zombie Horde,

Are you getting excited about this launch? We are. But first, a quick PSA on our initial launch. RugZombie is a project born of passion to clean up the defi ecosystem and provide real value.

So when we launched, we tried to do everything right. In lieu of doing an initial coin or flip offering, our team chose a fair public launch and to provide initial liquidity ourselves. To this point, our dev team has spent considerable money employing contract developers (to the tune of thousands of dollars), a similar amount in audits, subscriptions, paying artists for NFTs and more.

Our hope is this move shows transparency and our team is invested long term because our own money went into it in such a way that we cannot remove those funds as they have been used to purchase things necessary for our platform.

As a result, RugZombie is beginning with lower liquidity than other tokens, and therefore requires careful stewardship right after launch to protect token holders from pump and dumps, sniper bots and whale manipulations.

Introducing APD (anti pump and dump)

Our APD feature on the first day of launch prevents any token holder from buying or owning more than 2% of the total supply of $ZMBE at any one time. This feature will be removed appropriately after launch, likely within the first hour, perhaps even within minutes.

The purpose of this feature is to reduce the number of bots that are able to snipe the price launch, as this practice of using sniper bots is all too common these days.

Buy orders of 2% or more of the supply will be rejected and wallets holding 2% or more will not be able to acquire more $ZMBE through the swap feature until APD is lifted. They may still stake and earn $ZMBE through our LPs and GRAVES.

Any holder of $ZMBE can still earn more through providing Liquidity and Staking in our smart contracts, as they have been whitelisted. However, Until the APD is lifted, THIS IS THE ONLY WAY to acquire more $ZMBE if you own more than 2% of the supply.

PLEASE NOTE: Due to this mechanic, it is possible that while APD feature is active, users may not be able to withdraw or harvest until the feature is lifted. YOUR FUNDS ARE SAFU, but this is due to the logic of the APD feature; if your staking rewards put your total wallet holdings >2%, it is possible that the APD feature will cause a failed transaction upon withdrawal or harvest. As this feature will only be active for the minutes post launch in order to prevent sniper bots, we do not anticipate a major disruption for our users. We can't imagine a scenario that users are staking only to withdraw minutes later.

Our team plans to monitor the initial release of our token and to scale this percentage back as necessary (likely within the first few minutes of launch) and to remove this APD feature completely once our public launch has stabilized, likely within the same hour as launch.

It’s time to #cleanupdefi. Zombie on!

The information shared in these docs, our roadmap, our lite paper and white paper, and social channels such as this blog, is not financial advice and should not be misconstrued as such. The primary purpose of these documents is to provide potential token holders with pertinent information in order for them to thoroughly analyze the project and make an informed decision. Engaging in cryptocurrency projects involves substantial risk and it is strongly advised that you consult with a financial professional prior to your participation. These documents do not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. Neither RugZombie nor any of its contributors or creators shall be held liable or responsible for any errors or omissions concerning this project or for any damage you may suffer from your participation or as a result of failing to seek competent financial advice from a financial professional. This white paper is not in any way intended to create or put into implicit effect any elements of a contractual relationship.

Originally published at https://www.publish0x.com.