How to start building on Polkadot, @web3foundation grants program, update on the current parachain auction, and more.
11 Sep 2023, 10:47
How to start building on Polkadot, @web3foundation grants program, update on the current parachain auction, and more.
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1PolkacityPOLC #1581
11 Sep 2023, 11:01
Updated:
Dear Polkacity Citizens,
As you would all know, we have seen an aggressive bear market and we chose to push through, rather than winding down and all but stopping development. This all comes at a cost to keep exchanges liquid, running costs of servers, development, and staff (except myself and Doc, We have been able to keep working on our own dime thanks to our previous careers.
During this hard market, we have seen only a decline in money for the entire crypto market and for this, we have had to engage a token inflation to push forward with project further. This we believe to be the better short-term solution to be able keep developing and be ready for the next bull run.
Due to now having three chains, the max supply is a theoretical 750M (minus what’s already been burned )tokens. Being 250M per chain possible to mint. We never envision it to ever reach 750M tokens as we are so close now, to the end of this bear market and already seen our way through almost two years. For the short foreseeable future, we will need to continue development and deliver the project to a much more functional game with all your NFTs integrated. While doing this, we are developing the casino games and with a turn in the market, we should see an increase to profits whom we will continue to burn until we reach our goal of 150M total supply.
Once this market does change and we see a more positive profit flow, we will be updating the contracts to remove all possibilities of minting new tokens. Allowing only to burn from our profits and move towards the road to 150M.
We are working on many new partnership and ideas, and with this new exposure, comes new investors, marketing and other projects integrations. Bringing new projects to POLC/METAO will see a new influx of investors and organic growth.
Moving forward, we may need to add the supply as 750M (minus what’s already been burned )for transparency regardless of our plans and foresight to never reach that amount. This may help getting CMC and CG displayed correctly. Update the roadmap and new website to reflect supply.
We are also evaluating the possibly of asking exchanges to delist us, especially those that have just been eating away at funds during this bear market. Rather we look at a new exchange in a new region and target nations of more gaming markets.
We will be giving a small update here on a three-monthly schedule as to the progression and burning back.
Again, I would like to thank you all for your continued support though this hard times on behalf of the Polkacity Team and Myself. One thing is for sure; the entire team is committed to deliver and will keep working while other projects just keep giving up to this market. Polkacity is here to stay.
Carmelo Milian
Updated:. Dear Polkacity Citizens,.
Updated:
Dear Polkacity Citizens,
As you would all know, we have seen an aggressive bear market and we chose to push through, rather than winding down and all but stopping development. This all comes at a cost to keep exchanges liquid, running costs of servers, development, and staff (except myself and Doc, We have been able to keep working on our own dime thanks to our previous careers.
During this hard market, we have seen only a decline in money for the entire crypto market and for this, we have had to engage a token inflation to push forward with project further. This we believe to be the better short-term solution to be able keep developing and be ready for the next bull run.
Due to now having three chains, the max supply is a theoretical 750M (minus what’s already been burned )tokens. Being 250M per chain possible to mint. We never envision it to ever reach 750M tokens as we are so close now, to the end of this bear market and already seen our way through almost two years. For the short foreseeable future, we will need to continue development and deliver the project to a much more functional game with all your NFTs integrated. While doing this, we are developing the casino games and with a turn in the market, we should see an increase to profits whom we will continue to burn until we reach our goal of 150M total supply.
Once this market does change and we see a more positive profit flow, we will be updating the contracts to remove all possibilities of minting new tokens. Allowing only to burn from our profits and move towards the road to 150M.
We are working on many new partnership and ideas, and with this new exposure, comes new investors, marketing and other projects integrations. Bringing new projects to POLC/METAO will see a new influx of investors and organic growth.
Moving forward, we may need to add the supply as 750M (minus what’s already been burned )for transparency regardless of our plans and foresight to never reach that amount. This may help getting CMC and CG displayed correctly. Update the roadmap and new website to reflect supply.
We are also evaluating the possibly of asking exchanges to delist us, especially those that have just been eating away at funds during this bear market. Rather we look at a new exchange in a new region and target nations of more gaming markets.
We will be giving a small update here on a three-monthly schedule as to the progression and burning back.
Again, I would like to thank you all for your continued support though this hard times on behalf of the Polkacity Team and Myself. One thing is for sure; the entire team is committed to deliver and will keep working while other projects just keep giving up to this market. Polkacity is here to stay.
Carmelo Milian