ChainCatcher news, according to the official announcement from JuCoin, due to a misstep by the Woody project team in market value management, the IEO project has experienced a price drop. JuCoin has promptly activated its price drop protection mechanism and locked the project team's market-making margin, which will be fully used for market buybacks and user compensation. The platform takes responsibility through concrete actions to protect user interests.JuCoin always adheres to "user first," with zero tolerance for any actions that harm user interests, and will continue to optimize platform mechanisms to build a fairer and safer trading environment.As of the time of publication, the price of $Woody is $0.006 USDT, and the project has effectively alleviated the price drop issue with the support of JuCoin's compensation mechanism, with market confidence gradually recovering.