According to ChainCatcher, based on the official announcement from JuCoin, due to a mistake in market value management by the Woody project team, which led to an IEO project experiencing a price drop below its initial offering price, JuCoin has immediately activated its price drop protection mechanism and locked the project team's market-making margin, which will be fully used for market repurchase and user compensation, demonstrating the platform's responsibility and protecting user interests.
JuCoin has always adhered to the principle of "users first", maintaining zero tolerance for any actions that harm user interests, and will continue to optimize platform mechanisms to build a more fair and secure trading environment.
As of the time of writing, $Woody's price is $0.006 USDT, and the project has effectively mitigated the price drop issue with the support of JuCoin's compensation mechanism, with market confidence gradually recovering.
