Newsletter
We’re thrilled to share the latest updates on the BARK. Here’s everything you need to know about our recent developments and future plans.
BARK ”Token” Updates
1. Interest-Bearing Rate Disabled
The latest version of the BARK Token is now live, with the interest-bearing rate temporarily disabled. We will reactivate this feature once Raydium.io supports Solana extensions.
2. Compatibility Issues and Contract Challenges
BARK v1 faced compatibility issues with several DEXs, notably Raydium, which limited its usability. While BARK was fully compatible with FluxBeam, adhering to the Solana-2022 standard, we have now resolved broader compatibility concerns. However, these compatibility issues present very problematic situations, and many changes need to be done.
Despite BARK v1 working as planned initially, the issues are not yet fully resolved, and we may need to destroy the contract when possible. One significant problem is the locked tokens, which complicates the process. We are actively working on solutions to address these challenges and ensure the best outcome for our community.
3. Airdrop Process
The airdrop process took longer than anticipated due to various challenges and misunderstandings. We understand it has been problematic for many to comprehend how it works and the associated risks. During this time, we provided extensive community support, including technical assistance and responding to numerous questions.
The airdrop agreement will be finalized over the weekend, with a two-day delay for execution. Minor issues with the airdrop form were resolved, ensuring those who filled it out twice by mistake still receive their airdrop.
Duplicate addresses (appearing 4-10 times) were removed to ensure fair distribution. This correction means each participant will receive approximately 200 BARK more.
The airdrop will be managed through the BARK StreamFlow contract. Participants will be able to claim their airdrop through this platform starting September 1, 2024. This delay helps secure market stability, reduce market dumping, and support BARK token holders and investors.
Please note that the airdrop process is subject to changes to ensure market stability and token price security, reducing all possibilities of dumping and protecting our investors.
4. Upcoming DEX Listing
If everything proceeds as planned, BARK will be listed on multiple DEXs next week, improving its availability and trading opportunities. We are continuously monitoring the markets to ensure optimal performance and stability.
5. Liquidity Pools
The liquidity pool will use approximately 6.8 billion BARK, about 35% of the maximum supply of 18.446 billion BARK. We have also increased the public sale allocation by 1%, which will be added gradually to enhance market stability.
New Accounts and Updated Token Economy
BARK now has a new account and a refactored token economy. Minor updates have been made, and non-compliant features are temporarily disabled. These features are awaiting future upgrades, technical support from service providers, and program updates.
Updated BARK Tokenomics and Allocation
We have made minor updates to the BARK tokenomics and allocation to better support our community and future development:
- Liquidity Pool/Public Sale: 35% (increased by 1% gradually)
Strategic Focus for the Next Two Weeks
The next two weeks are critical for us. We will focus on strategic points to ensure the successful distribution (DEX) of BARKs and maintain a balanced token price, liquidity and better decentralization.
- Distribution Efforts: We will intensify our efforts to distribute BARK tokens as widely as possible. Ensuring a broad distribution helps in fostering a robust and active community.
- BARK Holder Allocation: Ensuring that tokens are held by a diverse group of holders to support organic growth and reduce market volatility.
- Price Growth and Liquidity: We aim to balance token price growth with adequate liquidity. This balance is essential to provide stability and confidence in the BARK market.
We’re thrilled to share the latest updates on the BARK. Here’s everything you need to know about our recent developments and future plans.
BARK ”Token” Updates
1. Interest-Bearing Rate Disabled
The latest version of the BARK Token is now live, with the interest-bearing rate temporarily disabled. We will reactivate this feature once Raydium.io supports Solana extensions.
2. Compatibility Issues and Contract Challenges
BARK v1 faced compatibility issues with several DEXs, notably Raydium, which limited its usability. While BARK was fully compatible with FluxBeam, adhering to the Solana-2022 standard, we have now resolved broader compatibility concerns. However, these compatibility issues present very problematic situations, and many changes need to be done.
Despite BARK v1 working as planned initially, the issues are not yet fully resolved, and we may need to destroy the contract when possible. One significant problem is the locked tokens, which complicates the process. We are actively working on solutions to address these challenges and ensure the best outcome for our community.
3. Airdrop Process
The airdrop process took longer than anticipated due to various challenges and misunderstandings. We understand it has been problematic for many to comprehend how it works and the associated risks. During this time, we provided extensive community support, including technical assistance and responding to numerous questions.
The airdrop agreement will be finalized over the weekend, with a two-day delay for execution. Minor issues with the airdrop form were resolved, ensuring those who filled it out twice by mistake still receive their airdrop.
Duplicate addresses (appearing 4-10 times) were removed to ensure fair distribution. This correction means each participant will receive approximately 200 BARK more.
The airdrop will be managed through the BARK StreamFlow contract. Participants will be able to claim their airdrop through this platform starting September 1, 2024. This delay helps secure market stability, reduce market dumping, and support BARK token holders and investors.
Please note that the airdrop process is subject to changes to ensure market stability and token price security, reducing all possibilities of dumping and protecting our investors.
4. Upcoming DEX Listing
If everything proceeds as planned, BARK will be listed on multiple DEXs next week, improving its availability and trading opportunities. We are continuously monitoring the markets to ensure optimal performance and stability.
5. Liquidity Pools
The liquidity pool will use approximately 6.8 billion BARK, about 35% of the maximum supply of 18.446 billion BARK. We have also increased the public sale allocation by 1%, which will be added gradually to enhance market stability.
New Accounts and Updated Token Economy
BARK now has a new account and a refactored token economy. Minor updates have been made, and non-compliant features are temporarily disabled. These features are awaiting future upgrades, technical support from service providers, and program updates.
Updated BARK Tokenomics and Allocation
We have made minor updates to the BARK tokenomics and allocation to better support our community and future development:
- Liquidity Pool/Public Sale: 35% (increased by 1% gradually)
Strategic Focus for the Next Two Weeks
The next two weeks are critical for us. We will focus on strategic points to ensure the successful distribution (DEX) of BARKs and maintain a balanced token price, liquidity and better decentralization.
- Distribution Efforts: We will intensify our efforts to distribute BARK tokens as widely as possible. Ensuring a broad distribution helps in fostering a robust and active community.
- BARK Holder Allocation: Ensuring that tokens are held by a diverse group of holders to support organic growth and reduce market volatility.
- Price Growth and Liquidity: We aim to balance token price growth with adequate liquidity. This balance is essential to provide stability and confidence in the BARK market.
Dear Community,
We have previously stated on multiple occasions that the discussion regarding the airdrop has ended. We have also announced that the airdrops will be distributed in due time.
Nevertheless, we must reserve the right to make changes if the market situation or other factors require it.
Distributing airdrops incurs significant monthly expenses for us, and it is clear that the project needs to become profitable for the distribution of airdrops to be economically feasible.
The most important thing is for the community to focus on ensuring the project's listing is successful and the market situation is favorable before starting to sell the airdrops.
The fact that we consider our community and feel responsible for informing about matters should not result in an endless flood of inquiries that delay many important tasks, such as listing the BARK token on DEXs.
Our project is being targeted by discrediting attempts from certain individuals, even though these individuals have shown very little understanding of the BARK Protocol or the crypto scene in general. As experts, we do not have time for such discrediting.
Our zero-tolerance policy for disrupting our project still applies, and although we have previously overlooked many discrediting attempts, I will be quicker to issue bans if this behavior continues. If someone is banned from the group, they will also lose their right to airdrops.
We are building a community here based on mutual support to achieve common goals. Those who do not commit to this can leave the group.
Best Regards,
Community Manager
We have previously stated on multiple occasions that the discussion regarding the airdrop has ended. We have also announced that the airdrops will be distributed in due time.
Nevertheless, we must reserve the right to make changes if the market situation or other factors require it.
Distributing airdrops incurs significant monthly expenses for us, and it is clear that the project needs to become profitable for the distribution of airdrops to be economically feasible.
The most important thing is for the community to focus on ensuring the project's listing is successful and the market situation is favorable before starting to sell the airdrops.
The fact that we consider our community and feel responsible for informing about matters should not result in an endless flood of inquiries that delay many important tasks, such as listing the BARK token on DEXs.
Our project is being targeted by discrediting attempts from certain individuals, even though these individuals have shown very little understanding of the BARK Protocol or the crypto scene in general. As experts, we do not have time for such discrediting.
Our zero-tolerance policy for disrupting our project still applies, and although we have previously overlooked many discrediting attempts, I will be quicker to issue bans if this behavior continues. If someone is banned from the group, they will also lose their right to airdrops.
We are building a community here based on mutual support to achieve common goals. Those who do not commit to this can leave the group.
Best Regards,
Community Manager
BARK Protocol (Official) pinned «Dear Community, We have previously stated on multiple occasions that the discussion regarding the airdrop has ended. We have also announced that the airdrops will be distributed in due time. Nevertheless, we must reserve the right to make changes if the…»
Dear Community,
All documentation regarding the airdrop is available, and we have announced that official statements will be released as soon as they are relevant.
Matters related to the airdrop have been discussed multiple times in our Telegram group and on our X profile.
Repeated questions on the same topic unnecessarily burden our team, and responding to them delays our important goals, which our community is expecting.
The most important thing now is preparing for the DEX listing. At this stage, we will not respond to inquiries regarding the DEX listing or the airdrop.
This has all been stated repeatedly.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
All documentation regarding the airdrop is available, and we have announced that official statements will be released as soon as they are relevant.
Matters related to the airdrop have been discussed multiple times in our Telegram group and on our X profile.
Repeated questions on the same topic unnecessarily burden our team, and responding to them delays our important goals, which our community is expecting.
The most important thing now is preparing for the DEX listing. At this stage, we will not respond to inquiries regarding the DEX listing or the airdrop.
This has all been stated repeatedly.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
BARK Protocol (Official) pinned «Dear Community, All documentation regarding the airdrop is available, and we have announced that official statements will be released as soon as they are relevant. Matters related to the airdrop have been discussed multiple times in our Telegram group and…»
Dear Community,
Certain individuals repeatedly ask the same questions about the airdrop and listing, even though we have stated hundreds of times that we will not respond to these individually and ask that you follow our official announcements on our X profile (@bark_protocol).
The repeated same questions by the same individuals can be considered harassment directed at the project. We have explained the consequences of this behavior, but I will remind you once more (this will be the last reminder): removal from the group and exclusion from the airdrop.
We have zero tolerance for harassment.
If we do not get the peace to prepare for the DEX listing, there is a risk that it will be delayed. The repeated asking of unnecessary questions must stop.
Preparing for the DEX listing is a complex process, and ensuring its success in a way that maximally benefits our community requires that we have a calm working environment.
Our focus is now on the DEX listing.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
Certain individuals repeatedly ask the same questions about the airdrop and listing, even though we have stated hundreds of times that we will not respond to these individually and ask that you follow our official announcements on our X profile (@bark_protocol).
The repeated same questions by the same individuals can be considered harassment directed at the project. We have explained the consequences of this behavior, but I will remind you once more (this will be the last reminder): removal from the group and exclusion from the airdrop.
We have zero tolerance for harassment.
If we do not get the peace to prepare for the DEX listing, there is a risk that it will be delayed. The repeated asking of unnecessary questions must stop.
Preparing for the DEX listing is a complex process, and ensuring its success in a way that maximally benefits our community requires that we have a calm working environment.
Our focus is now on the DEX listing.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
BARK Protocol (Official) pinned «Dear Community, Certain individuals repeatedly ask the same questions about the airdrop and listing, even though we have stated hundreds of times that we will not respond to these individually and ask that you follow our official announcements on our X profile…»
Dear Community,
My intention is not to be rude. We do not have a large team, so our resources are limited.
Telegram discussions have taken up too much of our time and have delayed the progress of our project. Therefore, we are now focusing on the DEX listing. This is why I have had to intervene in the discussions and remind everyone of important matters.
We are always trying our best, and our goal is to create long-term operational conditions for the BARK Protocol. Some people here think very short-sightedly — you can see this, for example, by the fact that for some individuals, only the airdrop as a "free lunch" matters. This frustrates us.
We hope for positivity in the world.
Short-sightedness is not part of our approach. We prepare things meticulously and aim to ensure a safe operating environment for everyone to the extent that we can influence it through our actions.
BARK Protocol - Stay positive, never give up!
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
My intention is not to be rude. We do not have a large team, so our resources are limited.
Telegram discussions have taken up too much of our time and have delayed the progress of our project. Therefore, we are now focusing on the DEX listing. This is why I have had to intervene in the discussions and remind everyone of important matters.
We are always trying our best, and our goal is to create long-term operational conditions for the BARK Protocol. Some people here think very short-sightedly — you can see this, for example, by the fact that for some individuals, only the airdrop as a "free lunch" matters. This frustrates us.
We hope for positivity in the world.
Short-sightedness is not part of our approach. We prepare things meticulously and aim to ensure a safe operating environment for everyone to the extent that we can influence it through our actions.
BARK Protocol - Stay positive, never give up!
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
BARK Protocol (Official) pinned «Dear Community, My intention is not to be rude. We do not have a large team, so our resources are limited. Telegram discussions have taken up too much of our time and have delayed the progress of our project. Therefore, we are now focusing on the DEX listing.…»
Dear Community,
Due to the harassment directed at our project, we have decided not to announce the DEX listing of the BARK token in advance if the negative attitude continues despite our transparency, helpfulness, and efforts to benefit our community.
This decision is because of the ongoing disparagement by individuals who lurk in our channels only in hopes of receiving free tokens.
We know who our genuine supporters are, and we will reward them. Fudders will lose their rights to airdrops and other benefits.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
Due to the harassment directed at our project, we have decided not to announce the DEX listing of the BARK token in advance if the negative attitude continues despite our transparency, helpfulness, and efforts to benefit our community.
This decision is because of the ongoing disparagement by individuals who lurk in our channels only in hopes of receiving free tokens.
We know who our genuine supporters are, and we will reward them. Fudders will lose their rights to airdrops and other benefits.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
BARK Protocol (Official) pinned «Dear Community, Due to the harassment directed at our project, we have decided not to announce the DEX listing of the BARK token in advance if the negative attitude continues despite our transparency, helpfulness, and efforts to benefit our community. This…»
COMMUNITY ANNOUNCEMENT
Subject: Important Update on BARK Token Strategy and Implementation
Dear BARK Community,
We are excited to share significant updates about the future of the BARK Protocol and our strategic decisions regarding using SPL-20 token standard. The BARK token to be listed on the DEX will be SPL-20.
Challenges with Token-2022 standard
The Token-2022 standard introduces several advanced features such as permanent delegation, transfer fees, and multi-signature operations, which are crucial for BARK’s long-term strategy. However, these features are currently unsupported by many DeFi platforms, creating significant barriers to immediate implementation. By adopting the SPL-20 standard now, we ensure that BARK Protocol can operate seamlessly across multiple platforms without restriction.
Transition to SPL-20 Token standard
Given the challenges and limitations associated with the new Token-2022 standard, particularly in terms of platform support and technical readiness, we have decided to adopt the SPL-20 token standard for the initial phase of the BARK Protocol. This decision ensures that our token will be compatible with a broader range of DeFi platforms, including Raydium, Meteora, and Fluxbeam, providing greater stability and immediate utility.
Key Details of the BARK (SPL-20) Token:
Token Address: 2NTvEssJ2i998V2cMGT4Fy3JhyFnAzHFonDo9dbAkVrg
Token Standard: SPL-20
Purpose: Enhance compatibility and security for DeFi applications on Solana.
Governance: The governance of the BARK Protocol has been moved to this SPL-20 token, ensuring a stable and transparent decision-making process.
Future Plans for Token-2022 Integration
We are committed to integrating Token-2022 features once the ecosystem is ready. The adoption of our BARK Token under the Token-2022 standard requires broader support from various platforms and DEXs.
Those eligible 1:1 for the airdrop who filled out the airdrop form will receive the same amount of BARK tokens in both the SPL-20 and Token-2022 standards. This is a long-term solution that offers our community double the benefit compared to the previous solution.
Next Steps and Community Engagement
Liquidity Pools: We will be setting up and managing liquidity pools on platforms like Raydium, ensuring robust trading opportunities and liquidity for BARK tokens.
Continuous Monitoring: Our team will continuously monitor platform developments and engage with developers to advocate for Token-2022 support.
Regular Updates: We will keep you informed about our progress and any changes to our implementation strategy.
CONCLUSION:
If we hadn't made these significant changes above mentioned, we would have been reliant on just one DEX (FluxBeam). We could not have left the BARK token market dependent solely on this.
The decision was difficult for us, but it was beyond our control because different DEXes do not yet sufficiently support the Token-2022 standard. Due to this technical issue beyond our control, we have lost at least 4 weeks reorganizing the technical aspects of our project.
Originally, the entire BARK Protocol ecosystem was built around the Token-2022 standard.
We understand that the delays have caused frustration and anger, although these reactions stem from the fact that most of our community members are unaware of the technical challenges we have faced.
We are now in a position where the BARK token (SPL-20) DEX listing can happen at any moment. Always remember to DYOR before trading.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
Subject: Important Update on BARK Token Strategy and Implementation
Dear BARK Community,
We are excited to share significant updates about the future of the BARK Protocol and our strategic decisions regarding using SPL-20 token standard. The BARK token to be listed on the DEX will be SPL-20.
Challenges with Token-2022 standard
The Token-2022 standard introduces several advanced features such as permanent delegation, transfer fees, and multi-signature operations, which are crucial for BARK’s long-term strategy. However, these features are currently unsupported by many DeFi platforms, creating significant barriers to immediate implementation. By adopting the SPL-20 standard now, we ensure that BARK Protocol can operate seamlessly across multiple platforms without restriction.
Transition to SPL-20 Token standard
Given the challenges and limitations associated with the new Token-2022 standard, particularly in terms of platform support and technical readiness, we have decided to adopt the SPL-20 token standard for the initial phase of the BARK Protocol. This decision ensures that our token will be compatible with a broader range of DeFi platforms, including Raydium, Meteora, and Fluxbeam, providing greater stability and immediate utility.
Key Details of the BARK (SPL-20) Token:
Token Address: 2NTvEssJ2i998V2cMGT4Fy3JhyFnAzHFonDo9dbAkVrg
Token Standard: SPL-20
Purpose: Enhance compatibility and security for DeFi applications on Solana.
Governance: The governance of the BARK Protocol has been moved to this SPL-20 token, ensuring a stable and transparent decision-making process.
Future Plans for Token-2022 Integration
We are committed to integrating Token-2022 features once the ecosystem is ready. The adoption of our BARK Token under the Token-2022 standard requires broader support from various platforms and DEXs.
Those eligible 1:1 for the airdrop who filled out the airdrop form will receive the same amount of BARK tokens in both the SPL-20 and Token-2022 standards. This is a long-term solution that offers our community double the benefit compared to the previous solution.
Next Steps and Community Engagement
Liquidity Pools: We will be setting up and managing liquidity pools on platforms like Raydium, ensuring robust trading opportunities and liquidity for BARK tokens.
Continuous Monitoring: Our team will continuously monitor platform developments and engage with developers to advocate for Token-2022 support.
Regular Updates: We will keep you informed about our progress and any changes to our implementation strategy.
CONCLUSION:
If we hadn't made these significant changes above mentioned, we would have been reliant on just one DEX (FluxBeam). We could not have left the BARK token market dependent solely on this.
The decision was difficult for us, but it was beyond our control because different DEXes do not yet sufficiently support the Token-2022 standard. Due to this technical issue beyond our control, we have lost at least 4 weeks reorganizing the technical aspects of our project.
Originally, the entire BARK Protocol ecosystem was built around the Token-2022 standard.
We understand that the delays have caused frustration and anger, although these reactions stem from the fact that most of our community members are unaware of the technical challenges we have faced.
We are now in a position where the BARK token (SPL-20) DEX listing can happen at any moment. Always remember to DYOR before trading.
Best Regards,
BARK Protocol Core Team
Community Manager
Telegram: @BARK_Core
BARK Protocol (Official) pinned «COMMUNITY ANNOUNCEMENT Subject: Important Update on BARK Token Strategy and Implementation Dear BARK Community, We are excited to share significant updates about the future of the BARK Protocol and our strategic decisions regarding using SPL-20 token…»