Jupiter Relaunches WET Public Sale with New Anti-Bot Measures

2 mins mins

Key Points:

Jupiter and HumidiFi restart WET sale with new tokens on Dec 8.
New anti-bot measures ensure fair participation.
USDC refunds for prior participants.

Jupiter and HumidiFi will relaunch the WET token sale on December 8, 10 a.m. ET, with new tokens and anti-bot measures, refunding previous participants in USDC.

The relaunch addresses concerns over bot activity and aims to ensure fair access, impacting Solana’s DeFi ecosystem liquidity and potential trader interest in upcoming allocations.

Jupiter Resumes WET Sale with Enhanced Security Measures

Jupiter will resume the WET public sale on December 8. The event follows the initial halted sale due to bot influence, with new tokens minted and old contracts locked. Refunds are issued in USDC, and protections against bot activity have been enhanced collaboratively with HumidiFi.

Immediate changes include the minting of new tokens, rendering prior presale tokens invalid. Jupiter and HumidiFi aim for fairer distribution, addressing concerns raised about previous unfair participation. This move underscores commitment to improving security in token sales.

The cryptocurrency community expresses cautious optimism, with key figures emphasizing the importance of such anti-bot measures. Although specific industry leaders have not publicly commented, Solana-based analysts highlight the necessary transparency in Jupiter’s handling of the situation.

Historical Context and Market Analysis of WET Token

Did you know? In a similar past event, affected public sales were nullified and refunded, prompting the necessity for advanced anti-bot technologies in future cryptocurrency launches.

According to CoinMarketCap, WeShow Token (WET) maintained a fully diluted market cap of $10,448.13 with a circulating supply of 1,098,250,000 tokens. In recent months, the WET saw a 90-day price decrease of 4.36%. The Coincu research team suggests that enhanced anti-bot measures could positively transform the token sales landscape. With the integration of such strategies, projects might achieve smoother launches and ensure broader community participation while maintaining regulatory compliance.

weshow-token-daily-chart — WeShow Token(WET), daily chart, screenshot on CoinMarketCap at 09:59 UTC on October 11, 2021. *Source: CoinMarketCap*

In light of these developments, analysts believe that the new measures could set a precedent for future token launches, ensuring a more equitable environment for investors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.