More than 24 hours have passed since yesterday’s launch on Raydium. In response to the concerns and questions we’ve received from the community, we’ve been taking action and preparing updates. Below is our current status report.
1) Liquidity
From the beginning, we planned to lock liquidity so it could not be withdrawn. Today, we added additional liquidity and completed the lock.
Lock Tx:
solscan.io/tx/5ySiFYu1TEZ
In addition, to make it absolutely clear that we will not receive any future revenue generated from this liquidity, we burned the rights NFT (Raydium Fee Key) that is issued when liquidity is locked on Raydium.
This means we have fully waived all rights to both the liquidity itself and any fees/revenue generated from it.
Burn Tx:
solscan.io/tx/5Sx7ESJvhc7
2) Freezable
We originally enabled the “Freezable” function to prevent further damage in the event of unauthorized access, hacking, or stolen funds (this kind of function is also used in stablecoins like USDC and USDT).
However, based on feedback from the community, we have now disabled this function.
Since the project is still in its early launch phase, we currently retain contract upgrade authority. In the future, we plan to renounce this upgrade authority as well.
Freezable Disable Tx:
solscan.io/tx/23VuvsVvKW1
3) Allocation
We understand there are concerns that 0.622% of the $SANAET allocation has been distributed across 45 wallets.
This distribution is part of our security approach: we have allocated 65% as a Reserve, and 28% of that Reserve is being stored across multiple wallets to reduce security risk.
The primary purpose of these wallets is to diversify hacking risk and protect the assets.
They are not intended for arbitrary selling.
4) Final note
The “Japan is Back” project aims to create a new form of democracy by leveraging Web3 and AI.
SANAE TOKEN was created as one of the key foundations supporting that vision.
Join us on the #NoBorder app and share your voice with us.
Lock Tx:
solscan.io/tx/5ySiFYu1TEZ
In addition, to make it absolutely clear that we will not receive any future revenue generated from this liquidity, we burned the rights NFT (Raydium Fee Key) that is issued when liquidity is locked on Raydium.
This means we have fully waived all rights to both the liquidity itself and any fees/revenue generated from it.
Burn Tx:
solscan.io/tx/5Sx7ESJvhc7
2) Freezable
We originally enabled the “Freezable” function to prevent further damage in the event of unauthorized access, hacking, or stolen funds (this kind of function is also used in stablecoins like USDC and USDT).
However, based on feedback from the community, we have now disabled this function.
Since the project is still in its early launch phase, we currently retain contract upgrade authority. In the future, we plan to renounce this upgrade authority as well.
Freezable Disable Tx:
solscan.io/tx/23VuvsVvKW1
3) Allocation
We understand there are concerns that 0.622% of the $SANAET allocation has been distributed across 45 wallets.
This distribution is part of our security approach: we have allocated 65% as a Reserve, and 28% of that Reserve is being stored across multiple wallets to reduce security risk.
The primary purpose of these wallets is to diversify hacking risk and protect the assets.
They are not intended for arbitrary selling.
4) Final note
The “Japan is Back” project aims to create a new form of democracy by leveraging Web3 and AI.
SANAE TOKEN was created as one of the key foundations supporting that vision.
Join us on the #NoBorder app and share your voice with us.