The emergency mint was performed to avoid adverse whale activity.
11 Jan 2022, 16:42
The emergency mint was performed to avoid adverse whale activity. It was done because large gaur holding coupled with ballooning gaur price threatened the project liquidity. 10k airdrop allocation was used to perform this operation. Since then the ownership of the gaur contract that allows minting was passed on to the boardroom contract, and now only the boardroom can mint gaur. This can be verified here (I will post the link). The proceeds of this treasury operations were used to buy back gaur and add liquidity to the protocol. While we reckon it wasn't the best route, this was a fast and necessary measure due to the initial statement. We apologize for the abrupt but action needed to be done for the sake and healthiness of the project.
wallet address: 0x18854A0B730d34392098E68f55082B538D103E48
contract address: