As you may be aware, on the day of the MLTP release there was an issue related to the automatic airdropping of passively earned MLTP. Sadly, this means that our community members who held MLTP until the issue was solved didn’t receive the tokens they deserve.
The developer team was immediately put to work to ensure that the problem would be fixed ASAP, so the token model was quickly made to function within a few hours. Nonetheless, compensation for the missed MLTP is still to be made.
All wallets that didn’t initially benefit from the tokenomics were recorded and we want to announce that we will distribute MoonLift’s entire first month’s worth of profit to those who missed out on the correct MLTP allocation to begin with. At the end of the first month, we will declare how many tokens will be airdropped and when the airdrop has been completed.
An important note is that community members will actually be receiving more tokens than they would have normally received through the normal distribution mechanics. This comes as a gesture of goodwill from the developing team, as we were very saddened to hear about the issues some of you encountered on the day of release.
On top of this, another announcement is due: we will also manually burn another 2.33 billion MLTP from the oversubscribed seed-sale. You can check the burn transaction here.
Needless to say, manually taking coins out of circulation acts as an additional deflationary mechanism that promotes long-term value. This is coupled with the inherent 15% burn that applies to the trading costs, as part of our tokenomics.
Having said this, we want to extend a warm thank you to our community for the continued trust. Everything we have achieved thus far would not have been possible without your help.
The MoonLift Protocol Core Team
MoonLift Protocol Website: https://moonlift.io
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