RE: GLX - Objectives updates and preparations for the Validator Node License presale
You are viewing a single comment's thread:
There seems to be some drama these days there now ... there was what some call it an expoite ... becouse of the low liquidity of GLX, few pumped the price to 0.12 for a short period, converted to GLUSD at this price, and bought packs for cheap. There was something like 250k GLUSD created and around 3M GLX burned at that price.
You can look at it as a price oracle manipulation.
I was surprised to see that they havent implemented a longer timeframe for the conversions.
Anyways lets see whats next...
0
0
0.000
Wow, that's quite an exploit. Still, packs cannot be sold, but on the other side neither should they block any account as it was their own doings. Hopefully, they will put better measures to secure future such movements.
Posted Using LeoFinance Beta