Approx. 166M BARK burned. This is planned and part of DEX process.

Chat https://t.me/+Jx1CNzEMFrtjNTNk

Dear members of our community,

Our strength lies in innovation and a united community. We aim to stand out with our unique solutions.

At the core of our concept are key values: unique functionality, a committed community, aid for those who need it most and spreading positivity.

We value our community and want to give every member a chance to make an impact. If you have any development suggestions, please don't hesitate to contact us.

Together, let's make BARK Protocol a phenomenon associated worldwide with high-level blockchain technology aligned with BARK's mission. Thank you for being part of it!


-BARK_boss (Core Team)

We have conducted a test listing on FluxBeam, which went through successfully. We also managed to swap the tokens we listed.

There is a technical issue with the Raydium listing, possibly due to an error situation in Raydium. We are investigating this matter and will announce the exact listing time once we have resolved the aforementioned issue.

Please be warned that some actors have created fake versions of our BARK token. Remember to follow our channels and trust only the information we share there. We are working hard right now and do not have time to respond to further questions regarding the listing at the moment.

I just received the following report:

"A few technical challenges and an issue with token-2022 and Raydium compatibility. When it's a very important thing like increasing liquidity and creating a pool, it's not free. Even one mistake can be wasted and the funds end up in bit space. Raydium forging billions if the fault is in their application and instead Fluxbeam works although there are a few challenges to be solved. The fact that we start promising exact launch dates and times is a good example of why this cannot be done. We want to test that purchases go through and transfers are also successful. If you don't have experience in the field and you make tokens with a generator and just put them on the market without understanding what it all requires."


BARK_boss
Core Team
Community Manager

Small fix coming this annauncement

Dear community members,

Today, on July 1, 2024, we attempted to list the BARK token on Raydium. However, we encountered a technical issue with Raydium that prevented the creation of a liquidity pool. It appears that the issue is due to BARK token adhering to the new Solana Token-2022 standard, which many platforms do not yet support.

Here's the error code in Raydium:
https://solscan.io/tx/52BtMAWaGp7VdYrmqXifKFuquLw6Hg1hmoR5QBqE53xjQ2abezYnLQ4PaAs8CVYf3f34ZmsHFiaPBcCtZkqEagSf

We are working to resolve the issue with Raydium and in general. Our goal is for the BARK token to serve its purpose and benefit both investors and the community.

Subsequently, we created a liquidity pool for testing purposes on the platform FluxBeam.xyz. Since different swaps share a common API interface, BARK token was soon tradable on platforms like BirdEye.so.

Unfortunately, we were unable to make an official announcement that everything was ready for trading before some enthusiastic and loyal community members had already started buying and selling tokens. At this point the liquidity pool was too small, and the price of BARK token quickly rose to a level that made it impossible for us to add liquidity. We try to resolve this issue.

We ask our community and investors to suspend trading until we provide further information.

If we need to replace the existing contract with a new one (the worst case scenario), we will ensure that all those who have purchased BARK tokens and received airdrops will receive enough tokens under the new contract to compensate for any incurred losses (transfer fees and token value).

Our ability to focus on the tasks required for the listing was significantly hindered because we wanted to build trust with our community by answering as many questions as possible with our limited resources.

We are doing everything we can to rectify the situation. We are all just human, but nonetheless, our intentions are good and sincere.

You are important to us, and we hope for your understanding.

You can still reach out to us with questions, but to save our resources, we kindly ask you to check if we have already answered the same question before asking a new one.

We are now working to rectify the situation.



Best Regards,

BARK_boss
Core Team
Community Manager

Dear Community,

We have issued a statement about the matter and are trying to find a solution.
Please be kind and read our pinned messages.

We have promised to compensate for everything, but the constant pressure unnecessarily drains our resources and draws attention to irrelevant matters. We need time now for a corrective solution.


We are considering the following solution:

Most people, around 98%, do not fully understand how a liquidity pool operates and why adding liquidity to a pool is not straightforward. When a token has a market price, adding that token to the pool requires payment at its market value.

Officially, the token should not have been purchased before sufficient liquidity was added to the pool and a defined value was established for the token. Currently, the situation is that the token has been bought, and its value has surged by up to +35,000%. This means that adding a few thousand tokens to the pool now costs $11 million USD. Many are demanding to add funds to the pool to keep the market functioning smoothly.

The problem, however, is that if the tokens are sold off quickly, there won't be enough liquidity in the pool to meet the demand. This causes market instability and complicates liquidity management.

The issue with the Raydium pool has not yet caused a market disruption, but the problem lies in the premature buying and selling of the token, which should not be happening. This leads to trading without adequate liquidity, causing significant price fluctuations and market uncertainty.

Additionally, adding liquidity to the pool is not always possible, and a pool with just a few dollars will not solve the problem. A major challenge is the slow updating of data, with multiple decentralized exchanges (DEX) using the same APIs or market data. This results in market data not always being up-to-date, further complicating decision-making and liquidity management.

This is why it is crucial to clearly communicate the listing timeline for the BARK token through official channels. Clear and official communication about the listing time and other essential details can prevent premature trading and related issues. This ensures that the markets operate smoothly and there is sufficient liquidity to support trading.

To address the current instability, those who purchased tokens early will be offered compensation. This situation requires a strategic shift, a form for the community, and a detailed plan.

The proposed solution is to create a new BARK token and burn the existing one. This necessitates a precise plan and compensation for those who participated in the Airdrop. The goal is to relaunch the token this week with new promises. A snapshot of current wallets will be taken, and BARK Tokenomics distribution will be adjusted accordingly. This will involve additional steps as the current BARK tokens are locked and managed by a third party, which needs to be addressed as well.

Questions about the listing are not currently relevant. An official announcement will be made, and frequent inquiries and redundant questions that have been answered multiple times only slow down the process.

BARK is not just another hype token or a generator; it requires genuine hard work and dedication.

This project is about creating a real community, not fostering negativity and dissent. We could have taken an easier path, but we are committed to ensuring the authenticity and integrity of our purpose. Despite offering opportunities for development participation, there has been a lack of enthusiasm. Therefore, advisors are encouraged to keep their insights private if they are not constructive.

Our goal with BARK Protocol is to foster a sense of community, not to entertain negative thoughts and opinions. We appreciate the patience and understanding of our community as we navigate these challenges. We hope this message clarifies the situation and the fact that we have to work under constant pressure. We operate professionally and do not have time for inappropriate arguments.


-Bark Protocol Community Manager

Dear Community,

We had appointed a person as a moderator on our channel who has started to extort and threaten us following today's events. This individual is no longer our moderator. He has threatened to spread false information about us, seemingly with the intent to ruin our project and its reputation.

Anyone who looks into the enormous amount of work we have put into this project (all of which is openly visible) will understand that our operations can withstand scrutiny from any angle. We will do everything in our power to ensure that the support from our community continues to grow. If the extortion against us continues, we will be forced to disclose the extortionist's messages and his information.

We are confident that we will soon surprise you with positive news. Stay tuned.


Best regards,

BARK_boss
Core Team
Community Manager

The claim process is supposed to be designed in such a way that there are no fees and the fee will be set later. The Airdtop process is being updated and perhaps the distribution of tokens will be increased.

Dear members of our community,

We have noticed deliberate harassment on our channel aimed at damaging our project and its reputation.

We have been subjected to extortion and threats, and disinformation about us is being spread. This harmful activity, affecting both our project and our loyal supporters, appears to be organized by certain individuals. This is unfair to all our members who genuinely wish to contribute to the success story of the BARK Protocol -project and are committed to our shared goals.

We operate with limited resources and should be able to focus on the important issues that support and serve our community's best interests. BARK Protocol is not just any crypto project; its aim is to enhance the reputation of the entire crypto space through its innovative and benevolent solutions.

Unfortunately, in the crypto space and elsewhere, there are individuals whose intentions are not sincere. We operate with complete transparency and have worked tirelessly on our project without gaining a single cent financially.

If the harassment directed at our project does not cease immediately, we will be forced to make our Telegram channel private, granting access only to those who possess our project's NFT and those who have supported and helped us build our community. We will also recognize and reward our supporters in a special way when our project begins to generate returns.

We ask everyone to focus on what is essential and to leave out all unnecessary distractions. We also need to make our own improvements, develop new functionalities, and continue our development work. We do not have the time to repeat things constantly, nor do we have sufficient resources to respond to baseless accusations. Focusing on the important matters is now critical.

Anyone who understands these issues can see that our project cannot be a scam. Creating a scam project does not require much effort. By looking at the amount of work we have done and continue to do, any rational person can see that no one would put this much effort into a scam project.

We are genuinely committed and hope that in the future, the tone of discussions remains respectful. This way, we can better sustain our efforts and use our resources more effectively.


Core Team
Community Manager
Telegram: @BARK_Core