$100k worth of KALLY have been burned! 🤑🔥

As you probably know, staking will be one of the features of our NFT marketplace.

Our market capitalization is currently low and that’s why instead of integrating yield farming (which would hurt the distribution of our tokens as we would have to offer a large APY in exchange for the liquidity provided by traders) we will offer a different form of staking that will give exclusive benefits to our token holders, more details will be available soon! 💪

For this reason, we have burned a large part of the tokens that were intended for yield farming:

🔸 Previous total supply: 94,000,000 KALLY

🔹 New total supply: 90,000,000 KALLY

Burn TX hash: https://etherscan.io/tx/0xab271a70a35890aa02edb9eb1d547a0002751076530c399f29926b413811bea9

This burn prepares for the arrival of our platform in Q1 2022 and is an opportunity to remind that a native burn will be integrated into our protocol, thus reducing the supply even more! 🚀

The private beta of our platform has recently been opened and we will keep you informed of our progress in the coming weeks so stay tuned! 📢

About Polkally

World’s leading cross-chain & user-friendly #NFT marketplace, Polkally is reinventing the way people interact with art.

Powered by EVM-based blockchains & IPFS, we are on a mission to unleash the true power of virtual artworks.

The project was launched in mid-February 2021 and is still under development.

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