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An anonymous developer that goes by the name 0xc4ad on Twitter prematurely deployed the Curve (CRV) smart contracts on August 14, 2020 — paying $8,000 in fees in the process.
According to this anonymous, eager, and benevolent developer, he believed the Curve Team was done with the contract development and decided to help them deploy it on-chain.
The developer announced what he had done via a tweet from an obviously newly created Twitter account and prompting the Curve official team to frantically review the code and deployment procedure.
Interestingly, a few hours after the developer deployed the contracts, the project team announced via twitter that they have reviewed the code and verified that the launch followed due process and there legitimate.
The Curve team is proud to announce that Curve Finance native token CRV has officially launched. CRV will reward liquidity providers in Curve pools. As previously announced, CRV will be awarded retroactively to providers since the launch of Curve in January as well as current liquidity providers. If you would like to read about supply, distribution, governance, tokenomics and how to claim your CRV, please read our newly added guides HERE
Immediate Exchange Listing
Surprisingly, just a few minutes after the official announcement of the adoption of the launch, Poloniex one of the top cryptocurrency exchanges announced via a tweet that they will be listing the new token.
The exchange announced that depositing and posting of limit orders for CRV/USDT begins immediately.
Binance to also List CRV Immediately
In a similar announcement, Binance - the biggest crypto exchange by trading volume also stated that they will be listing the new CRV token.
Deposits are immediately open, but trading will not commence until there's sufficient deposits to accommodate "normal trading".
What is Curve (CRV)
?Curve is a decentralized exchange liquidity pool built on the Ethereum blockchain that provides for an automatic market-making for stablecoins and creating deep on-chain liquidity using advanced bonding curves.
According to the project team, fees on Curve are as low as $0.004% per trade - thus making it one of the lowest fee exchange platforms in the space.
Community Sentiments
A lot of people are not convinced that everything is well regarding the launch of Curve (CRV) token, with some accusing the team of pre-mining the coin and ready to dump on the market.
Others even question whether the whole launch drama wasn't scripted given that the Twitter handle of the said anonymous developer that singlehandedly launched the token is a brand new account.
Plus, there's still yet no official explanation as to how a developer that is not part of the team got the admin keys to affect the deployment of the smart contracts.
