Overview of Recent Trading Challenges
Since our listing on XT.com exchange, we have observed and documented systematic market manipulation targeting our GNC/USDT trading pair. These attacks, clearly visible on public trading charts, have necessitated immediate action to protect our community and ensure fair market conditions.
Types of Attacks Observed
1. Pump & Dump Schemes
Malicious actors artificially inflate our token price through coordinated buying, creating false price levels that attract unsuspecting traders. Once the price reaches their target, they dump their holdings, causing severe price crashes and significant losses for legitimate traders.
2. Sandwich Attacks
More sophisticated attackers monitor our market-making orders in real-time. When they detect our buy orders, they:
- Quickly purchase GNC ahead of us (front-running)
- Wait for our orders to execute at inflated prices
- Immediately sell their GNC back to us at these artificial levels
- Extract value directly from our liquidity provisions
These attacks result in systematic USDT losses while degrading market quality for all participants.
Response to Exchange Cooperation
Despite these attacks being clearly visible on XT.com’s trading interface and our repeated attempts to engage with exchange officials, we have not received the effective cooperation necessary to combat these malicious activities. The exchange’s existing safeguards have proven inadequate against these coordinated attacks.
This lack of meaningful response has forced us to take unilateral action to protect market integrity.
Our Solution: Advanced Algorithmic Defense System
We have temporarily halted traditional market-making services to develop and deploy sophisticated defensive algorithms. Our new system features:
Real-Time Attack Detection
- Monitors price movements, volume patterns, and order book dynamics
- Identifies pump patterns within seconds of initiation
- Calculates confidence scores based on multiple market signals
Active Price Defense Mechanism
When an attack is detected, our system:
- Immediately cancels all buy orders to prevent USDT losses
- Calculates the exact amount of GNC needed to restore legitimate price levels
- Executes controlled sell orders to neutralize artificial pumps
- Implements time-based restrictions on new orders to prevent repeated attacks
Post-Defense Protection
- Temporarily blocks both buy and sell orders after successful mitigation
- Prevents attackers from profiting during the cooldown period
- Gradually returns to normal operations once market stability is confirmed
Additional GNC Requirements
To enhance our defensive capabilities and ensure sustainable market operations, we require additional GNC reserves for:
1. Protective Sell Walls
We need to maintain GNC sell orders slightly above market price. These serve as “circuit breakers” that:
- Limit the height of artificial pumps
- Increase the cost of manipulation attempts
- Provide immediate liquidity during attack mitigation
- Create psychological deterrence for would-be attackers
2. Preemptive Defense Reserves
Additional GNC enables us to:
- Execute defensive sells before attackers can dump their holdings
- Restore prices more quickly, minimizing the window for exploitation
- Maintain sufficient reserves even after multiple defense actions
- Ensure continuous market-making capability despite ongoing attacks
Our Commitment
We are conducting continuous research and iterative improvements to our defensive algorithms. Our goals are to:
- Minimize market disruption while maintaining effective defenses
- Reduce the GNC required for each defensive action through improved precision
- Create a sustainable, manipulation-resistant market environment
- Protect all legitimate traders and investors
We recognize that these defensive measures may occasionally impact normal trading, and we are working diligently to minimize such effects. Every algorithm revision undergoes rigorous testing to ensure we achieve security without unnecessarily constraining legitimate market activity.
Moving Forward
While we would prefer collaborative solutions with exchange partners, we remain committed to unilaterally ensuring fair and orderly markets for GNC trading. We will continue developing and refining our defensive systems until such time as proper exchange-level protections are implemented.
We appreciate our community’s patience and understanding as we navigate these challenges. Your security and the integrity of GNC markets remain our highest priorities.