Minion Farm Project Abandoned

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Minion Farm

Minion Farm was a liquidity pool/farm allowing exchange between other tokens like Ethereum, and the Minion Farm token. There were no other pairs. The project was heavily launched and promoted for all of 2 days before the administration team abandoned it. In this case, the website went offline, but the Twitter and Medium articles remained, and of course the contract technically still exists.

This is a global/international case not involving a specific country.

About Minion Farm

"Minion Farm is a DeFi (Decentralized Finance) farming platform which is a community centered project and Minion Farm token is MNNF. Minion Farm is a project by the people and for the people thats why we dont hold any presale for this project. So how do you can get MNNF token? Because we don’t do any presale, so you can get it by visit uniswap and buying it from there, because we will deploy it on Uniswap, so the value of MNNF token is defined by the contribution and innovation of the people."

"Under 10k marketcap. Liq[uidity] locked. Token ownership transferred. Farming contract timelocked 1 hours ago => so no rug possible now. Slow farming (7 $MNNF per block) - Initial supply = 100k, 7k farmed in 4 hours, so total supply now is 107k. Possible to get a good amount of tokens right now for a cheap price[.] I'm not a dev or admin though, just bought some because I like minions and saw a good opportunity."

"A lot of people have sent me a message after reading our medium post about Minion Farm. A bunch of them were not satisfied about the 5x reward allocation for the main pool (MNNF/ETH). I appreciate your concern, and being grateful for your suggestion. I understand that without public critics and suggestion this project would never grow further and better."

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Minion Farm Project Abandoned

Date	Event	Description
October 2nd, 2020 12:00:00 AM	Main Event	Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.

Total Amount Lost

The total amount lost has been estimated at $25,000 USD.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Prevention Policies

It is highly unlikely that any centralized platform would include this token, given the premise, dependence on a centralized platform, and short duration of existence. No assets were lost aside from the vast drop in price of the Minion Farm token relative to other crypto-assets.