Fork REF token using snapshot from block 45195764

Overview

Shortly after the bug was deployed in block 45195764, around 1 million REF we’re withdrawn from the exchange contracts. This represents 40% of the total circulating supply of REF, which makes it difficult to re-launch any REF trading pairs.

So far, only 250,000 REF has been returned. Rather than wait for the remaining REF to be returned, we propose forking the REF token.

The Fork

The new REF token will be exactly the same as the current REF token, with the balances restored to those in block 45195764, during which the bug was introduced. Holders of REF during this time will receive the new REF tokens directly to their accounts, with no action required on their part.

This will effectively undo all behavior after the snapshot. The vast majority of activity occurring with REF after this time was related to the exploit. However, there may be a small number of accounts with legitimate behavior affected.

Legitimacy

The new REF token will inherit all current and future attributes of the old REF token, including as the whitelisted token within the Ref exchange, as the primary liquidity incentive for the platform, and as the eventual governance token.

The DAO will burn the 97.5% of the old REF supply it controls.

To support the new REF token, the DAO will create the new REF - NEAR pair and add liquidity to it. Liquidity will be added at the REF price prior to the exploit. The DAO currently has around 265,000 NEAR, not including the NEAR that is expected to be recovered from the exploit.

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since $ref has not yet been listed on exchanges yet, would this evade the problem of having to demarcate the old “bad” ref from the new ref? would the token ticker still be REF?

Will this affect the first airdrop which had already been settled?

Yes, the ticker would remain “REF”

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No, this will not affect the airdrop

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What happen with my account if mine be affected

when can i receive my Ref while ref.finance website still maintenance?

Please fork REF and return it to me

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