As promised in one of our latest Medium articles, we burned 50% of the tokens belonging to our team, reducing the circulating KALLYs from 100M to 95M tokens!
👇 Here is the TX sent to the burn address 👇
https://etherscan.io/tx/0x5c02694cb517044c0fa7e641374366a37e41ccaa268ea9f7747ca4a6bcfe146a
This decision was made with regard to the global market fear, allowing us to make KALLY scarcer while demonstrating the long-term confidence we have in our project.. 🤫
It’s also a nice opportunity to remind you that a native burn incentive will be applied to the Polkally protocol once available thus removing a small part of the total supply at each transaction! 🔥
A few community members have recently complained about our low volume on Uniswap but it’s important to remember that:
- The correction impacted the entire market (not just KALLY) as altcoins followed Bitcoin’s (BTC) decline
- It does not impact the trading experience, as our Uniswap liquidity remains healthy
- We are currently recruiting new people, which explains the temporary slowdown in the development as well as the lack of news
- We are still in touch with several decent Centralized Exchanges and negotiations are still ongoing
Special thanks (once again) to community members who continue to support Polkally despite the return of a slight downward trend, showing their continued interest in our upcoming platform — making us more excited than ever about making the world of NFTs interoperable! 🤩✨
About Polkally
Polkally is a P2P auction platform for NFTs, powered by Substrate & IPFS
Our goal is to build the most interoperable and user-friendly marketplace ever, allowing artists and everyday people to unleash the true power of virtual artworks
The project was launched in mid-February 2021 and is still under development
Website | Deck | Telegram ANN | Telegram Group | Twitter | YouTube
