External threats & Our solutions

Arise Finance
2 min readMay 10, 2021

Dear community,

We have spotted a huge threat to the security of your funds, which we already have a solution. This article will explain what the threats are and how we are going to minimize its impacts on your investment.

WHAT IS THE PROBLEM?

As you are all aware by now, before adding liquidity to PancakeSwap, we made sure to lock our tokens to create trust in the community, a trust that with all tokens locked, the project would not be able to rug pull even if it wanted to.

Normally, we would lock our tokens on Team Finance like we did with the original ARI token, however during that time, Team Finance system was running through maintenance and we could not lock our tokens there. So we found BSCcrypt, a token-locking platform, and locked our tokens there.

Unfortunately, recently we found out that they are linked to an underground ring of scammers, which means that technically they might be able to use the locked ARIs to dump on you, our community members, supporters & also investors. And we as a project, can not risk that from happening.

Regarding the scamming rumors, you can check here:

HOW DO WE SOLVE IT?

  • Step 1: We DM-ed liquidity providers who joined the Liquidity program and asked them to withdraw their liquidity.
  • Step 2: We paused trading on PancakeSwap to prevent any potential dump.
  • Step 3: Release our new smart contract for ARI

=> New Smart Contract already deployed: 0xbe9605a0bf1ef8a4235e2c1da83dd3aa7702c7ce

  • Step 4: Send new ARI to all ARI holders. This process will take 6 hours maximum to finish.
  • Step 5: Add liquidity to PancakeSwap for the new ARI token (0xbe9605a0bf1ef8a4235e2c1da83dd3aa7702c7ce).
  • Step 6: Release the game, which will be using the new ARI token instead of the old one.

👉 For those liquidity providers who still has liquidity in the current pair, contact us directly and we will refund the BNB & ARI amount you contributed with 20% rewards in $ARI.

By doing all this, no one will not be able to use our locked tokens to dump on anything, and your investments will be safe & sound.

We appreciate your understanding and will do our best to distribute the new ARI as soon as possible so that the game can go live as scheduled!

Thank you,

Arise Finance core team.

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Arise Finance

Arise is the first innovative Defi Ecosystem that can help you maximize your daily trading, farming, gaming, NFTs and get advantages with IDO profits