Crypto commerce is powered by mechanisms that run on open-source protocols making them vulnerable to manipulations by cyber-offenders. The Chainswap exploit was a hapless reminder of the vulnerabilities of this exceedingly nascent industry.
Halting $TBC Staking on Unifarm
Following up on our commitment to provide users with a thoroughly secured trading experience, we are taking all necessary measures to ensure that our investors are protected from any future exploits.
TeraBlock had participated in UniFarm Cohort 12 and Cohort 14. In a collaborative effort with the UniFarm team, we have decided to remove all staking operations on UniFarm.
As a security-boosting measure, we will stop the further staking of $TBC tokens on the Binance network. This means that the users will neither be able to stake $TBC tokens nor earn them as rewards in the UniFarm Cohort 14.
TeraBlock has taken a string of measures to ensure that the stakers receive their tokens back in their wallets. Our team has obtained the required data from UniFarm.
Here’s how we plan to air drop the tokens in the wallets of users.
- Users who had staked $TBC through BSC and ETH cohorts on UniFarm:
Users who staked $TBC tokens through BSC and ETH cohorts on UniFarm have received new $TBC tokens including staked tokens and reward tokens securely airdropped into their wallets.
For rewards of other tokens from the Cohort, users will be required to unstake on UniFarm after 10th Oct 2021.
- Users who have unstaked $TBC before 27/09/2021 12 PM UTC
Users who staked $TBC through BSC and ETH cohorts and unstaked before 27/09/2021 12 PM UTC have received new $TBC tokens including staked tokens and reward tokens securely airdropped into their wallets.
- Users who have staked other tokens from the Cohort
Users who have staked other tokens from the Cohort have received new $TBC tokens along with the rewards for both BSC and ETH Cohorts.
- Users will no longer be able to stake $TBC on UniFarm as both the Cohorts won’t allow any further staking. However, TeraBlock is going to launch its own staking platform to allow users to stake their holdings.
TeraBlock Cooperative Farm
Users will be able to stake $TBC tokens through TeraBlock’s upcoming Staking platform. We are about to launch staking through our most innovative DeFi offering yet; The “TeraBlock Cooperative Farm”. Our team has assembled some of the most promising projects to create cooperative farms or “Co-ops” that will help us in creating sustained value for our traders.
At TeraBlock, it is our continuing aim to cultivate a radically transparent and non-restrictive trading ecosystem. We are putting in place the required safeguards to ensure the highest level of security for our users and token holders.
For any queries, feel free to reach out to our official support chat on Telegram www.t.me/TeraBlocksupport