Operation Flying Carpet: A Whole New Pool

Instead of pulling the rug, we’re all going to hop on it together and fly over to a new liquidity pool!

The flight over is a Six Step Program which, like so much in crypto, requires the whole community to just hop on and go with it. Alright buckle up because this is going to be a bumpy ride.

Step 1: Understand our mistake(s)

There’s a problem with the Unipump staking contract and drastic action is required. If exploited, even by accident, user funds could end up locked. There’s a good chance you didn’t find this until after you saw a giant red line going straight down; we’re sorry about the scare.

We will be adding liquidity to the new pool with personal funds to show our commitment to the project in an initial move to help turn this around.

Step 2: Hatch a plan

By the time you’re reading this, Operation Flying Carpet will be well underway.

1. New contracts will be deployed.
2. Announcement of snapshot one (1) of balances within our system.
3. Call contract function to remove 25% of the liquidity on Uniswap.
4. Dump the unlocked dev coins into the Uniswap pool to recover as much of the locked liquidity as possible.
   — — — > Publish this article to ask for community help with the liquidity migration (we’re here).
5. - Anyone staking right now will receive their current coins and intended rewards;
   - Anyone who holds through this will receive all their tokens back;
   - Anyone who helps migrate the liquidity will receive a bonus;
   - Anyone providing liquidity can contact us to be made whole (ETH + UPP).
6. We’ll create a new Uniswap pool and seed its initial liquidity. Altogether, this will take a few hours.
7. Announcement of system balances snapshot two (2) and closing of the help period.
8. Air drop of the new $UPP token based on snapshots.
9. Unlock new $UPP token for trading.
10. Continue adding liquidity (including from our personal funds).
11. Disable any control functions we left in for safety during the transition.

Step 3: What we need from our community

Alright this flies in the face of “Don’t Trust, Verify,” but it’s the only way to the new liquidity pool, so we’ve gotta ask our community: if you want to help migrate here’s what to do.

Take all your $UPP, dump it on Uniswap, and send the ETH to this address (0x5FA14F91D577cEeF66be18dC279e5289994c5fFc).

Yes, we’re literally asking you to help us dump and send us the ETH in the middle of what surely looks like a rug. I know, right? This is so crazy it might work, and we are planning to replace any lost liquidity with our own funds.

Step 4: Staying in the loop

I can’t predict how this process will go once we’re live: only chaos is is certain.

I’ll be in the chat (or close by) so just @ me in the public chat or on Twitter, because I wont be able to monitor or check DMs during all this.

Step 5: Apologize… again

Just like the the first UI launch that had to get pulled, we rushed out some of the initial contracts without proper testing.

All our focus was on the group manager and how awesome it was. Things like staking and contests were secondary and cool, but all our efforts centered on the core Unipump system.

Combine that with my decentralization obsession, and the need to remove control features of any kind, and I guess you’ve got a disaster waiting to happen. #reckless

Step 6: Final thoughts and logic

1. If you panic sell and don’t look back, we completely understand, but you will not receive the airdrop.
2. Our priority is the people who believe in our system, who think its cool or has real potential, and are long term holders. So our goal must be to protect those users above all else.
3. After the migration, airdrop, and unlocking, we expect a dump, so we’re going to be adding the liquidity back over an unknown time period no longer than 2 weeks.

There are at least a few whales who might dump as soon as we unlock trading on the new coin. We don’t just want to give them exit liquidity from our personal funds if they already plan on dropping the market by 20–50%.

(plz whales no dumpu)

TL;DR:

• Bug in staking contract can lead to locked funds
• Switching pools with locked liquidity isn’t easy
• Go dump $UPP and send us the ETH (cringe)
• Air drop of new token imminent
• Bonus tokens for people that help
• We will replace liquidity that can’t be saved
• Groups are unaffected and can trade as normal
• I hate asking for trust, but here we are