DEEPSPACE ($DPS) Centralization Risk Mitigation Strategy and Initial Token Distribution Disclosure by the DEEPSPACE Team
As empowered by the blockchain ecosystem, the DEEPSPACE team believes in letting gamers have full ownership over their in-game assets and empowering players to earn by actively playing the game! By participating in the DEEPSPACE in-game economy, players are creating and adding value for other players.
To avoid issues with contract ownership renouncement, the DEEPSPACE team is retaining control of the contract. $DPS tokenomics are adjustable via Smart Contract functions, and the DEEPSPACE team can adjust them as needed to maintain a healthy player ecosystem. This does provide an inherent centralization risk of ownership within the blockchain ecosystem, but is a necessary risk to be able to provide a contract that can be adjusted, within limits defined inside the contract, on the Binance Smart Chain (BSC) platform.
To mitigate this risk, we have deployed controls that lower the risk of one individual controlling the entire $DPS token.
Below are the risk mitigation strategies we have deployed:
- Contract code limits the maximum possible swap fees to 15% to prevent ownership from abusing holders. Without this, fees could be set to 100% and any address could be excluded. This has been exploited in other coins/tokens.
- Centralization risks are mitigated by the use of Gnosis-Safe Multi-Sig wallets. The team utilizes multi-sig wallets on Gnosis with six custodians, requiring four of six signatures for approval of execution. The six custodians are core team members considered the owners of the project.
- Remind the community the following risks:
📌 “Never send tokens to the contract address, they will be lost forever.”
📌️ “Never send tokens to the burn address (all zeroes), they will be lost forever.”
- Four separate wallets are utilized for organization flexibility and bookkeeping and are as detailed below:
Core Team Wallet — DEEPSPACE Contract owner
👛 0xacc34268f5d7cb9b11bfb1ba4d8bd2bc2b49ee4e
Flex/Marketing
👛 0xbdaed74fc8b18d6c99122c2076068444941da5a4
Game Development
👛 0x83f2cd3881aefd6abf3997f7c132f6273caffbe9
Solidity Development
👛 0x7c5705e10d6b1700aca01274a53be25292357809
The six addresses of the multi-sig wallet owners are:
🔑 0x629bc9173bffc3a4be7655840e678787db43d23a
🔑 0x23f25d8304dfdf8001a3e80891e3ae43f322f2fa
🔑 0xc61f22b4e5bce8563d386288d43ee19f72d73f2c
🔑 0xb1594277598fdca7311a313401604fd23f3d49ac
🔑 0x3f015040669c2e4e5430b54c4c3069331f95c338
🔑 0xad2e324bedd5bc8c00d9b4e6ae4813550eab2cfa
All of the above addresses are externally owned accounts (EOA) and held by the individual Core Team members.
See the SECURITY section of the Whitepaper for complete details on the wallets and security risk mitigation strategies: https://dps.fyi/whitepaper
Initial Token Distribution Disclosure
The initial token distribution occurred immediately after token creation, and the details are as follows:
🗸 10,000,000 tokens were transferred to Burn Address
0x6d6dc00c264a95e381872ef88e2cd744628d1a5d3f3af79e8d2b3a0d8dadaa5f
🗸 6,000,000 team tokens transferred to six core team members’ multi-sig custodial wallets for ownership stake (1,000,000 each)
0x094f3d73aa479b455959def84f953bb075536013252ddfb1047c5d72ec434bd2
0xad51e5f2220098175ff04f9a02eba51aded4235f1aa10739f76a1e717c69ef36
0x358943ada4e848e2a6d8259f201d6ba944e268b77f473d4da615703fa540a78c
0x9dc5ebd260334b649ce462b02c45daa93fe807eed8fca2911a7095941899d5de
0x73febadb6ecf88a787e09da05582bec1a55f601cc9910095f166d3b51afca0aa
0x84703b679c94d76dfbb7b485b57ea06625cbdfc1bbb3c31261b8beb8632b8c45
🗸 18,750,000 tokens transferred to Gnosis Safe multi-sig Core Team wallet and reserved for future use.
0x038eea30ee3174318d7db7013d70cf4002a0ae234c40eab1964c3e42922e5978
🗸 55,000,000 tokens transferred to swap contract to facilitate token swap from renounced Riskmoon contract to new DEEPSPACE tokens for end users.
🗸~46,400,000 of this was distributed to community holders via swap contract. Riskmoon users received DEEPSPACE tokens in exchange for sending their Riskmoon tokens (which originated from a DXSale fair launch) to the swap contract.
🗸 Riskmoon tokens were later swapped to BNB and provided to Pancakeswap as initial LP for DEEPSPACE. Additional BNB is retained within Core Team wallet for game funding without the need to sell DPS and affect price.
0x326285d8a9e18cab7a0851fc8e7c207e7ba2f12ab9aa0982becf45c342ba464e
🗸~8,600,000 tokens were left unclaimed after the swap and transferred to Gnosis Safe Core Team wallet for later use.
0xb9ad5d0f9694d809c63b0747d0750f84e6df3184ad939e5aadebac0671dc013f
🗸 6,500,000 transferred from Core Team wallet to PancakeSwapV2 Liquidity Pool to fund trading on PancakeSwapV2 DEX
0x8a2a81b51553a377cdae6820fe0c4cb0080ad1b84365ec332f14f8ecfbe302f6
🗸 1,000,000 tokens transferred to Gnosis-Safe multi-sig Flex/Marketing wallet to be used to fund marketing endeavors.
0x26bc46614550dac637e32885757238f042bd7a4a87f78bbcc0ab8a9ecfba4a2f
🗸 6,000,000 tokens transferred to Gnosis-Safe multi-sig Game Development wallet to be used to fund game development.
0xd0e5f3c9eb0306ced04194da1ce6e973ca31c6868fbd9b3c4875d80e5883cb7c
🗸 3,000,000 tokens transferred to Gnosis-Safe multi-sig Solidity Development wallet to be used to fund Solidity development and smart contracts.
0x6ff0e201bc2723025359009e7330af4799a4c679bf9c10f2a049ccf1c988539f
See the TOKENOMICS section of the Whitepaper for complete details on Token Distribution: https://dps.fyi/whitepaper
Ensuring investor security and community trust is our top priority and the DEEPSPACE team would like to remind the community of all the precautionary measures that are taken to help protect the community.
Please let the team know how they are doing by commenting on Telegram and send any security issues to the security team by emailing them at security@deepspace.game.
