Second token burn and first buyback completed! 🔥

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! 🚀

🔸 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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Polkally is a P2P Marketplace for Creating and Selling NFTs on the Polkadot Network