Habanero King has announced plans to sell all SAT1 tokens to compensate users who suffered losses. The sale is expected to yield 35 ETH, which will be distributed to affected users based on a points formula that considers the amount and magnitude of their losses. Only users with losses exceeding 30% will qualify for compensation. The snapshot period for determining eligible users spans from block 25047577 to block 25055551. Following the compensation process, Habanero King intends to retire from the network.
Habanero King to Liquidate SAT1 Tokens for User Compensation
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