Latest updates and FUD effect

take.finance
3 min readJan 11, 2021

Dear Community,

Today, we would like to take the time to present you a report on the Take alpha phase and give you an overview of the tremendous progress that has been made. We will go in-depth into the changes, improvements, and enhancements of the consensus, as well as reminding some of the aspects of this next update.

Product Updates

Various improvements have been made since the last community update, including front-end features, design, and back-end infrastructure.

As we have developed the functionality of our platform alongside live conversations with businesses and clients we have grown to understand more fully the commercial potential of our app.

So where is the Take.finance then? We hear you asking. With a final polish it will be with you in a matter of weeks, we would very much like you to use with it so that we can get some valuable feedback on functionality and design. What you will see is not just the initial product, but a demonstrable illustration of all of the functionality that we have promised to date.

In 2 weeks, everyone will be able to participate in the alpha, as we want to test in a close-to-reality setup. It may seem a bit blurry at the moment, but we are preparing a series of tutorials to help you join. So rest assured, it will be made accessible for everyone.

DDos Incident

In a recent cyber incident, Take.finance has been hit by a cyber attack as per the message released on 06 January 2021. Our team is now working to investigate the incident and to reduce the impact of ongoing IT disruption.

The Effect Of FUD

From beginning we see scared and excited members of community. Also, completely false information is spread in TG groups and creates the FUD effect which causes a price drop. Although there are tangible ways to protect yourself from the adverse effects of FUD, most people aren’t even aware that they’re subconsciously feeling this way due to what influencers share. As a result, you might unknowingly spread that fear among community, essentially creating a negative feedback loop.

Basic facts that have not been confirmed

1. We are not a RUG pool, liquidity is moved to Uniswap and blocked as expected

2. Smart contract does not have minting function

3. We have nothing to do with the purchase of a whale for 150 ETH. This action brought a profit of 10 ETH. Why did the team need it? Bring extra FUD to community? We have explained in more detail in this article https://take-finance.medium.com/about-an-incident-in-the-take-bonding-curve-distribution-b17093c9625b

4. The airdrop was sent as expected and all commitments with our marketing partners were fulfilled in full

5. We have applied for CMC and Coingecko listing, we are awaiting it

6. We have not violated our roadmap

Please think about the consequences of the spread of FUD. We are already feeling it on ourselves, Take team is demoralized and our partners are in shock from what is happening. Please throw away emotions and each of us will do our job. You may bring ideas and constructive discussion to our TG group. Do not try to offend the team or each other, otherwise you will be banned.

We want to remind you that you can sell ​​Take in any time if you don’t trust and stop spreading negativity.

“When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.”

— Henry Ford

Best,

Take Team

Homepage: www.take.finance

Medium: https://take-finance.medium.com

Twitter: www.twitter.com/takefinance

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