We announced the burn of $150,000 worth of $KALLY tokens just a few days ago but two more have already taken place! 😲
Indeed, we’ve recently bought back 1,000,000 KALLY that we immediately burned! 🚀
FIRST 500,000 KALLY BUYBACK TX HASH 📈
https://etherscan.io/tx/0x73cc337fdcc739c6733135a692efd324dc9e5bbea9dc72cb73f6cc339e25f9ca
CORRESPONDING BURN HASH 🔥
https://etherscan.io/tx/0xa740a403eecc97ee5b039b38ddf8bc1685f9a316b343fe00a9f6c30241f1fe41
SECOND 500,000 KALLY BUYBACK TX HASH 📈
https://etherscan.io/tx/0xfc1e083309728db1bc50e0fef9ff1dd85aa7c9165bb8e82cb5831b2ecc79d40d
CORRESPONDING BURN HASH 🔥
https://etherscan.io/tx/0x259b4c6fed582f296450e1d0215355da28aca40c2eed676cf59366ec88228389
🔸 Previous total supply: 95,000,000 KALLY
🔹 New total supply: 94,000,000 KALLY
The main purpose of this buyback is to strengthen our Uniswap liquidity while reducing the token supply in circulation to prepare for the arrival of our marketplace
This article is also an opportunity to declare that:
- We will organize more buybacks in the future (perhaps at the rate of one per month or quarter)
- We’ve recruited a new designer, two Solidity developers, and a communication/marketing officer
- As announced during our BiKi listing announcement, Polkally (KALLY) will be listed on one more Centralized Exchange in July
- The first version of Polkally (available by the end of 2021) should be compatible with two or even three different blockchains (rather than just Ethereum) and include native burn incentives thereby reducing the total supply in proportion to the organic volume generated
We thank you once again for your support and hope these decisions will delight you! 😊
The project is progressing well despite a complicated economic context [the recent market correction]; However, we are still very excited about the idea of delivering the most interoperable and resilient marketplace for NFTs — We hope to see you there! 💜
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
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