A Letter to Our Users:
I am Jacky, the developer of PinkPunkBot. I’ve just gotten access to the account from our operations teammate, and I wanted to share a few words with everyone:
(1) Security
A while ago, there was an issue with dexx. We stopped all BD and operations activities and spent a considerable amount of time conducting multiple rounds of security checks. We also invited six white-hat hackers to help strengthen our defenses, and fortunately, there were no problems. We will soon resume our regular development and operational activities.
As someone who has been in this industry for a long time, I say very neutrally that no tool or exchange can ever be 100% secure. The bot is just a trading tool. It helps you move from a protocol-level experience to something like a CEX experience, offering anti-sandwiching protection. In a critical situation, you can buy in while others can’t. However, when you’ve made substantial gains on-chain, it’s always a good idea to transfer some of your assets to a cold wallet. This is something we recommend for every user, and we don't advise keeping too much money in a wallet that is constantly interacting.
(2) Compensation
We truly are a conscientious bot—we've compensated many users. You might know friends who have received compensation from us. Even when the issue wasn't really ours—network delays, maintenance, failed sales, Jito outages, malicious small pools, etc.—as long as we were even a little responsible, we compensated.
However, we will gradually tighten this policy in the future. We’ve noticed many professional "actors" trying to create problems just to arbitrage and take advantage of goodwill. When it comes to such "actors," our stance will be to simply blacklist them.
(3) Future
The developer of ABOT has always been my idol as a developer—one person, single-handedly creating a tool loved by retail investors, and earning great respect. Seeing the announcement of his retirement a few days ago left me feeling a bit nostalgic.
Our goal has always been to provide the best trading gateway for retail investors, public blockchains, and positive projects, making sure everyone can buy tokens without getting "sandwiched," or affected by "small pools" or bad actors.
We’ve never wanted to be an exchange; we’ve only ever wanted to be a tool. We’ll continue to work diligently, develop well, and build our reputation. One day, I hope we can be like ABOT and leave our mark in the industry.
(4) Direction
We will continue to integrate new chains and improve existing features. The user requests for copy trading, scraping, and a web version were actually completed by the end of October, but in the testing environment, we still found many bugs, such as sandwiching during copy trades, anti-copy measures, and delays in buying and selling. The web version has even more minor issues like price updates and frontend security.
Many of my team members, being "crypto enthusiasts," suggested rushing to launch during the bull market. However, I believe that using users as "guinea pigs" just because we aren’t ready doesn’t align with my values. So please be patient—we will continue to update our products, and we won't disappear.
(5) Funding
Recently, no less than 10 VCs have approached me wanting to invest in us. Our stance remains very cautious, at least for now. We will likely not accept money from non-leading VCs. The bot is just one part of our business; we have great cash flow and don't need funding for money's sake. If someone genuinely wants to build together, we’d be happy to discuss it.
(6) Conclusion
In a few years, I hope we can provide more users with a safe and pleasant trading experience and that they’ll remember us—that's what we want to achieve.