This time, Justin Sun was really cut
DappReview
2019-12-25 02:47
本文约4337字,阅读全文需要约17分钟
Cut everyone's TeamJust.

Editor's Note: This article comes fromDappReview(ID:dappreview), Author: DR Little Partner, reprinted by Odaily with authorization.

Editor's Note: This article comes from

, Author: DR Little Partner, reprinted by Odaily with authorization.

Guide: This article reveals a shocking transfer of nearly 100 million TRX that is unknown behind JustGame, which explains a problem, everyone lost money, where did the money go?

The new year is approaching, and no one wants to be cut off again in 2019, but we met Just.Game.

On Monday morning, just one hour after the much-anticipated Just.Game was launched, it was scolded as a dog. All the "fragrant" words come together and point to that man - Justin Sun.

But as a qualified leek, we not only lose money, but also know how to lose money. What is the truth?

On the same day, shortly after the game started, DappReview smelled a little tricky. This time, the speed of returning to the book is not the same as the beta version. I still remember that when the beta version was tested last weekend, the various communities were full of joy, and it was not out of reach at all. But when the official version was launched, even players who entered the game relatively early (about 100 million turnover) have not paid back their money for a long time. The most important question is, where did the money go?

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A huge transfer that happened secretly

TWjkoz18Y48SgWoxEeGG11ezCCzee8wo1A

Yesterday, the DR partner conducted a series of complicated tracking and found that there is a simple clue that many people have overlooked.

TJeKahCVvhGBo42zu73vYoCJhqcD3TgnDD 

The official contract address of the game is

The address of TeamJust, the creator of the contract is

529ffefae7a3193428adf846cdac14a961c68d883d070428097812c6cb59e489

Just under TeamJust's address, we see a transaction like this:

transaction hash

To put it simply, TeamJust uses its own address to initiate a transaction to the game contract, and calls the contract withdrawEarnings, which is the function to withdraw the account’s earnings in the game.

The game contract put 96.27 million TRON into the address starting with TKF5n5mP, it is not difficult to deduce that this is an address controlled by TeamJust. The transaction took place at 13:12 on December 23. At this time, the game has been played for more than an hour, and the accumulated turnover reached 419 million. This huge transfer has transferred 23% of the total turnover at one time, which can be said to be a very terrifying proportion. The current value of this part of assets is about 1.38 million US dollars.

As of press time, this transfer is still lying in the address beginning with TKF5n5mP, and the second transfer has not yet been performed.

How was the money generated and why was it transferred? DappReview asked JustGame’s core developer Justo on Discord about this issue. The following is a screenshot of the conversation:

https://tronscan.org/#/

translate as follows

Vincent: What does this transaction mean?

Justo: You know that when the game contract is opened, many people use scripts to send TRX into the contract, right? And there is no referral code. The design of this recommendation system is such that if a transaction does not fill in the referral code, then the referral reward will belong to the developer. So it's just people not using referral links, we didn't expect to have such a large amount of funds not using referral links.

Vincent: I thought the total referral rewards totaled about 66 million. Why was there 96 million in total, which was almost a quarter of the turnover at that time?

(Screenshot: It shows that the total recommended rewards are 66.72 million)

Because we are investigating why no one has made money, and even those who entered the market with a turnover of 100 million TRX have not yet paid back their capital.

Justo: Now there are 20 million boxes, and I bought some when the turnover was 150 million, and opened the box twice at the same time. But I know everyone is frustrated, and we're working on a plan.

According to the meaning of the developer Justo, the money consists of two parts, one part is the recommendation reward, and the other part is the money he got after he bought the box and opened it at 150 million.

According to our calculation, even if Justo bought the box at 150 million, if he opened it at 400 million, it is impossible to get back the cost, and the maximum return is about 60%. Even if all the referral rewards of 66 million belong to Justo, 30 million comes from opening the box. According to the calculation of 60% return, the investment amount should be 50 million TRX. However, we did not find any account that invested 50 million TRON, and the address starting with TJeKahC of the team has not purchased a box.

But the consequences are felt by almost everyone.

Because it becomes—

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A game that barely pays off

Every time a user invests a sum of money, 23% of the amount will enter the developer account somehow, 22.5% will enter the prize pool of the last 100 people, and some referral rewards will be given to other users, 5% will be in the glitch Inside, there is less than 50% of the share left, and half of it will be reserved for the extra income of opening the box*2, so it is fully paid, and no more than 25% of the funds will be given to the previous users.

This seems a bit unintuitive, so let’s use the data as an example. There are currently about 20 million boxes. If 100 million TRX enters the market at this time, only 25% will be distributed to the previous boxes, and 25% will be reserved for unboxing* 2. That is to say, there are 20 million boxes, each box can be allocated 2500/2000 = 1.25 TRX value, and 1.25 TRX reserved amount for opening the box, that is, each box can pay back the cost according to the return of opening the box 2.5 TRX, which is 10% of the value.

In other words, if you buy a box at this moment, at least 1 billion or more new funds must enter the market before it is possible to return the cost. The actual situation may be that 2 billion funds enter the market before the cost is paid back, because every time a purchase is made, a new box is produced, and the amount allocated to each box is constantly being diluted. (provided no massive boxes are opened)

According to the calculation of DappReview:

The first transaction of the entire game occurred at 12:12, and only users who entered the market in the first three minutes were likely to get their money back (if no re-investment was made later), and the number of addresses that entered the market in these three minutes was only 116 . The vast majority of people enter the market after 300 million turnover, and the highest return rate of these people is currently about 22%.

The first block at the beginning of the game is 15606595. A total of 7 players have completed transactions in this block. All of them are "scientists", that is, before the start, they use scripts and contracts to interact with each other to recharge money. Their income is at least doubled.

Look back at the ranking data of the big players:

Among the top ten big players, only 2 big players are profitable, 1 big player is close to paying back and leaving the market, and the others are in a state of loss. The player who lost the most amount was the first player who invested 99.37 million TRX, namely Justin Sun.

The income of top users exceeds 40 times. At the moment of calculation, there are 16,527 addresses, of which more than 21% of users are making money. Compared with Fomo3D, the user situation of JustGame can be described as miserable.

To put it simply, JustGame originally wanted to extend the game cycle through the game of whether to open the box, or the Glitch and 100-player rewards in the later stage, and share the benefits of the early users to the users who persist in the middle and late stages. However, in this experiment, due to the large proportion of recommendation rewards and the part taken away by developers, the parameters were unbalanced, resulting in the current situation.

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  • TeamJust who mowed everyone

  • When JustGame was launched, it experienced a series of bugs and problems, mainly in the following categories:

  • Mobile terminals cannot participate (a large number of domestic users use mobile terminals).

  • Some people on the website need to register with an email address, and some people don't (some people can just switch browsers or clear cookies), the reason is very confusing.

  • Users who registered with email received the link to the problematic local server link.

The official warning against interacting with contracts directly, however many "scientists" and script crooks still use it and successfully participate.

The game ends up abruptly starting without even a countdown.

Sun Yuchen, who was in the live broadcast, also experienced the same problem, and had to chat about other projects in TRON ecology, and waited until the page was opened. At this time, there have been more than 200 million TRON turnover. Sun Yuchen entered the venue four times during the live broadcast, and invested a total of 99.37 million TRX.

During the 24 hours since the launch of the game, JustGame has been full of doubts. Apart from the problem of losing money, many voices against the team have come out:

"Is this really the development team of Fomo3D?"

Speaking of this team, it first goes back to December last year, when Justo suddenly announced that the next game would be developed on TRON, called Ghost3D.

Justo claimed that the game will be launched around Christmas, but he was referring to this year's Christmas, which was delayed for a whole year. During this period, the news that Justin Sun invested in TeamJust came out. According to people close to this investment, “Justin Sun is thirsty for talent, and in order to develop TRON’s Dapp ecosystem, he has invested a lot of real money in other public chains. Influential developers have invested at least 60 million TRON in the deal of the TeamJust team." (This year, TRON still used this routine to invest in the development team of the top game EOSKnight in the EOS ecosystem)

When the team developed Fomo3D before, its smart contract mentioned the nicknames of 4 core personnel, Inventor, Justo, Sumpunk and Mantso. Earlier, Justo announced that Inventor had left the team due to physical reasons. In a private chat with sumpunk in July this year, he also revealed that he did not participate in the JustGame project.

That is to say, the current actual traders of JustGame are Justo and Mantso.

And when we recall Fomo3D, in addition to the sudden wealth of early players, everyone should vaguely remember some interesting easter eggs. DappReview once used 3 articles to crack these geek and cyberpunk easter eggs.

Article Portal:

The Fomo3D you play may not be the same as mine? [Full Analysis of History, Data, Easter Eggs]

The second round of Fomo3D easter eggs - the Federal Reserve on Ethereum?

The third egg of Fomo3D - we solved the Roadmap puzzle, it turned out to be...

On the other hand, JustGame has a non-open source contract, many bugs after launch, poor numerical design, and unexplainable 96 million TRX. One can't help but wonder whether TeamJust, which only has Justo and Mantso, has lost the soul that created the era of Fomo3D?

I turned to the chat record with Justo when I cracked the Fomo3D easter egg a long time ago:

I asked Justo for a tip about an easter egg, and he said: You go ask sumpunk for that.

On the other side, I chatted with the inventor, and he also gave me a lot of hints. (Note: Inventor canceled his discord account after he got sick)

It is not difficult to speculate that the interesting easter eggs in Fomo3D may all come from sumpunk and inventor. It is these two people who endow Fomo3D with a mysterious color and give the whole product a soul.

Fomo3D used to be a low-key luxury, and its highlights don't need to be touted and whitewashed by yourself. And now, after we've seen JustGame's 59-page white paper, and played the game.

Do you feel cheated?

DR even wondered at one point, in the past year, did TeamJust spend 6 months traveling around the world with the proceeds from F3D and Sun Yuchen’s investment, spent 5 months writing this fancy white paper, and then stayed for a month Develop this product with terrible numbers and full of bugs and rush to launch?

Justo's reply to us has made it clear that the 96 million TRX has already entered the team's pockets. As for whether and how to save the serious losses of current users, it is still unknown.

On the other hand, Justin Sun invested 60 million TRX to buy such a product, and then twitter live broadcasted "cutting" and threw out 100 million TRX, accumulatively invested 160 million TRX, but currently only paid back 13 million TRX, and was still paid by everyone. Scolding, it seems that it is hard to say, but maybe he is used to it.

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