ADEX Token Launch: What Happened and How We Resolved It

To our valued ADEX community,

We want to thank you for your patience and understanding during what should have been an exciting milestone: the launch of the ADEX token. Unfortunately, due to a technical oversight and the decision to accelerate our launch timeline, we encountered some unexpected challenges. Transparency is key to building trust, so we want to share the full details of what happened and how we worked tirelessly to address the situation.

The Issue

Originally, the ADEX token was scheduled to launch on 4th December. However, to align with an ambitious schedule of upcoming updates and news, we decided to move the launch to 1st December. While we had a well-prepared plan in place, the shortened timeline meant we had to skip a crucial dry run of the token launch process originally scheduled for the 3rd December.

A single oversight caused an error in how liquidity was deployed. Instead of using the Deployment Wallet, which was whitelisted for taxes, liquidity was mistakenly deployed from the Marketing Wallet. Initial taxes had been set by design to protect against bots and snipers during the first few minutes of trading and had a tax set to 50% for both buy and sell transactions. As the liquidity was deployed from a non whitelisted wallet the smart contract taxed the transaction and returned half of the ADEX tokens (450,000) back to the wallet. While all $90,000 of initial ETH liquidity was deployed, only half the intended tokens were added, resulting in a launch price of $0.20 instead of the planned $0.10.

Immediate Actions Taken

Upon identifying the issue, the team made the difficult but necessary decision to pull liquidity, take a snapshot of all wallets that had purchased $ADEX, and completely redeploy the smart contract from scratch using the correct Deployment Wallet. This involved:

• Recreating the token contract to ensure all taxes were applied as intended.
• Reallocating the TGE 20% allocation and vested tokens for presale participants.
• Airdropping tokens to the wallets that had purchased $ADEX.
• Redeploying liquidity at the correct ratio to align with the original plan.
• Updating Dextools to reflect the accurate circulating supply of 15 million tokens.

Our Commitment

The team worked tirelessly to rectify the situation and ensure the community was fully compensated and up to date. Despite the confusion and delay, we are proud of how quickly we resolved the issue and how smoothly the relaunch went.

Looking Forward

We deeply regret any inconvenience caused and are using this experience as a learning opportunity. Moving forward, we will ensure that every aspect of our launch processes includes ample time for thorough testing, dry runs, and contingency planning. This was an isolated issue caused by our drive to accelerate timelines for the benefit of our community, but we recognise the importance of balancing speed with precision. We have scheduled a team debrief this week to carefully review what occurred and implement lessons learned.

We are confident in the strength of the ADEX ecosystem and are excited for what lies ahead. The challenges of last night have only strengthened our resolve to deliver a seamless, user-focused platform for the community we deeply value.

Thank you for your unwavering support, and here’s to the bright future of ADEX.

Sincerely,

The ADEX Team

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