RugDoc Review of Chron
Hello everyone! Just wanted to let you know that Chron has been listed on RugDoc: https://rugdoc.io/project/chronofficial-token/
RugDoc provided a rating of “Some Risk” to our project which is defined as follows:
Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.
This is great news! Even with a token migration in play, we were able to achieve a lower than medium or high risk rating which is fantastic. KYC may have been able to bring us down to a lower rating, but it is very expensive to purchase KYC and we have two members of the Dev team doxxed already, so we did not see much value to doing so. This may still change at a later time.
Further Mitigations
Although RugDoc did not specify this, we have locked as much token as possible leaving only token used for Presale / Liquidity and enough to cover migration with a small buffer. You can verify the locks here: https://www.pinksale.finance/#/pinklock/detail/0x6c8f294287C0e30Cf8dd5E84a183092f587C2588?chain=BSC
Project tokens will unlock on 1/4/2022 at which point we will see if we can establish a new market on another DEX or CEX and if not, we will just relock those tokens. Dev tokens are vested over 1 year with 20% unlocking approx. every 90 days.
There will be no last minute contract change, this is and will be our contract for Chron (XCR) going forward: 0x6c8f294287C0e30Cf8dd5E84a183092f587C2588
We submitted token and social info to BSCscan weeks ago and have verified with them, but are waiting for them to update our logo and social info on their page.
Lastly, there have been many points with Space Knight where we could have easily cashed out, called it quits and vanished, but we didn’t and we won’t with Chron either. I hope all of the transparency, updates and effort that we’ve shared throughout the year demonstrates our commitment to this project and to you, our investors! We will continue to push forward into 2022 and hope that you’ll join us!
Thank you from the Chron team!
