Important Recovery Plan Update

WorkQuest
2 min readMay 8

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Good day! 👋

We have an important update regarding our recovery plan. 🔄

🔢 We have completed the calculations for users who purchased tokens on PancakeSwap and MEXC, and we are coming to the process of distributing tokens on the MEXC exchange.

⚙️ We are actively working with the BitMart exchange, gathering data and conducting calculations. We appreciate your patience as we finalize this process.

📈 Additionally, we would like to address the post-hack ratio for token purchases made after the incident. There are two types of users:
Type A users: 💪 These are users who purchased tokens before the hack. They will receive a 1:1 token exchange ratio. For example, if a user had 1000 tokens before the snapshot, they will receive 1000 tokens.

Type B users: 🔄 These are users who purchased tokens after the hack when the price had dropped significantly. They will receive tokens based on the ratio — 1 divided by 13.5 (1÷13.5). For instance, if a user purchased 1000 tokens, they will receive 1000/13.5 = 74.07 new tokens.

🔄 We currently have a total token supply of 100 million, and providing a 1:1 exchange ratio for everyone immediately is not feasible. To ensure fairness and address concerns, we will initiate trading at a price equivalent to the pre-hack level. This will allow users to receive similar amounts of tokens as per the mentioned ratio.

Trading start date will be announced after exchanges confirmation.

We understand the frustrations and want to assure you that we are working diligently to reach a fair and transparent resolution. Thank you for your understanding and continued support.

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WorkQuest

WorkQuest: The World’s Decentralized Job Market. Integrating DeFi and recruitment. 🌐 WorkQuest.co ☑️ https://t.me/WorkQuestChat 🎆 https://linktr.ee/WorkQuest