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In 2022 Meta Force Faced a Serious Problem: A Part of the Users' Profits Was Frozen in a Smart Contract There are 0 replies:
In 2022 Meta Force Faced a Serious Problem: A Part of the Users' Profits Was Frozen in a Smart Contract Original post: Mon 4/8/2024 at 5:10 PM

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Lado Okhotnikov chose a difficult path, despite the difficulties, and demonstrated a responsible approach, putting the interests of users first.

Meta Force has been successfully surpassing milestones and developing for three years now. During this time, more than a dozen updates were released, the Force Wallet application was released, the NFT Marketplace was opened, and an AI-based chatbot was created. However, this was not always the case.

Literally at the start, the project faced a serious influx of visitors, which is why part of the users’ money was frozen in the blockchain and no one knew whose funds it was. This might discourage many, but not the guys from Meta Force, and Lado Okhotnikov in particular.

Instead of giving up, we are fully focused on solving this problem. For more than six months, the team worked hard, going step by step along the chain to determine who owned a particular transaction. It was painstaking and tedious work, but we could not give up,” Lado Okhotnikov is proud that he managed to solve this problem.

All requests to technical support were carefully reviewed and each situation was analyzed in detail. Multiple checks showed that the smart contract was working fine, but due to the huge influx, the data was not being recorded correctly.

Yes, the project was difficult for some of the earliest users when launching. And no one hid this. But for most participants there was no problem; the smart contract did a good job of purchasing levels and reactivating them.

The process of returning frozen funds was not so simple —Lado Okhotnikov

It's all over now. However, many still wonder how they managed to do it. Let's skip the complicated technical part and leave it to the IT specialists. Instead, let's explain in simple terms what really happened.

  • Data was collected on all users affected by this issue in a specific block.
  • The total amount of incorrectly frozen funds has been determined.
  • It is recorded how much money was debited from each user.
  • It was calculated what amount should have been correctly written off.
  • The difference between the incorrectly frozen and correct amounts is calculated.
  • A clear scenario for returning funds to users has been prepared.

Therefore, the team carefully analyzed the situation and developed an action plan to provide fair and full refunds to program participants.

For those who don’t remember, at the beginning of the project’s launch, the Meta Force website experienced a huge influx of users and a colossal load. This caused failures in the operation of smart contracts, which is why some of the funds of early users were frozen.

To avoid making the problem worse, the team temporarily paused the user interface several times. Lado Okhotnikov has repeatedly openly urged participants to delay using the program until the situation is corrected.

After all, if the goal was to deceive people, then why put on all this show? Pretending that problems are being solved and stalling for time.

By choosing security and quality of service over dealing with errors, the team took a responsible approach, putting the interests of users first during this initial difficult period. Moreover, many were not afraid and in literally two months, by September 2022, the turnover in the system amounted to more than 100 million DAI, and the number of followers exceeded 326 thousand people.

A month of tireless work paid off: we managed to find all the money

A marketing algorithm was developed and corrected. Current payment data was then collected and a plan was developed to calculate the correct payments. Next, calculations and verification of the results were carried out.

After correcting errors and debugging the results, the frozen funds were analyzed. Then the first stage of payments was made to users who wanted to receive funds to their current account, and the second stage of payments to users who wanted to send funds to another crypto wallet.

The report provides updates on several key milestones, documenting the teams' progress toward resolving issues. The main focus is on improving algorithms and checking data correctness. Each team uses a different approach and software to analyze the data and find differences between the current numbers and the correct calculations.

All this only strengthened faith in the project and what the guys were doing. Followers saw this and responded in kind — in October the number of participants grew by another 150,000 people. Only this fact confirmed that Lado Okhotnikov was doing everything right and Meta Force was moving in the right direction.

This incident clearly demonstrated the incredible determination and tenacity of the team.Instead of backing down in the face of challenges, they showed patience, hard work and commitment to their users. This approach indicates that the guys truly strive to create a high-quality product that deserves the trust of its users.

The ability to overcome obstacles and solve even the most complex problems is what distinguishes truly great startups. And Meta Force has proven that they possess these qualities through their tireless efforts in resolving the frozen profits incident. This is definitely a good sign for the future project.

Now let's get to the key point. Some have accused Meta Force of being a pyramid scheme seeking to defraud and harm members. However, in reality they demonstrated the opposite: all the money was returned.

We remain committed to the principle of decentralization, whereby we do not have a single body or group of people making decisions. Any issues are resolved by consensus within our community of participants. This is precisely the essence of a real decentralized financial ecosystem - when management is completely distributed among all participants without central government structures,” concluded Lado Okhotnikov.

Meta Force overcame the serious problem of frozen user funds and achieved success through the patience, hard work and dedication of its users. This successful experience confirms that the team was able to build a reliable project based on a decentralized financial ecosystem.

Based on Dan Michael materials

The head of Meta Force Press Center

press@meta-force.space

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