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🚨 Updates!
Hello everyone, we have been quiet for a while, but as I always said, us being quiet doesn’t mean Delta Ecosystem has stopped working!
Here are some significant updates after this first 6 months of operations:
- Liquidity locked for additional 6 months
- Funds on both Solana and Avalanche chains have now been bridge to Eth and Arbitrum chains.
These first 6 months since the Ecosystem was created, have been a bit of a roller coaster, as always in crypto, it’s been fun, and we also learned a lot from it, now we are ready to approach this second half of the year.
Some notes about what happened so far: as you noticed the market cap dropped significantly especially during this past month, due to bigger sells. We should consider this normal due to the big spike we had at some point, with big wallets buying during the hype and eventually selling for both profits and at loss.
This is the nature of the game, we can’t and we don’t want to stop this, we will always have people selling, as we will always keep buying back and keep the project up and running.
The current market cap still shouldn’t matter, as the ones who still believe in the project will continue to hold the “ticket” that will grant them access to a potentially way bigger prize…
It is true that the whole mechanism slowed down, and we were hoping to be already at the next stage at this point, but we are here to keep working on that.
Unfortunately the 2 main utilities planned for the first 6 months could not be implemented, so we had to rely solely on our crypto treasury, which also couldn’t grow as expected, due to the fact the majority of the profits had to be used for buybacks to balance the sells, which is not necessarily a bad thing, as we had the opportunity to accumulate a big amount of tokens, effectively removing them from the market, tokens that will never be sold again.
The goal for now is to keep focusing on buybacks to bring back the MC at higher levels, before to even think about more marketing. The foundations needs to be stronger, to avoid additional pumps and dumps like it happened before.
After the BTC halving the whole crypto market has not been performing good at all, not yet, and good LP staking platforms we were using like Orca (Solana) and Trader Joe (Avax) have stopped being profitable for us, but of course we need to keep moving! This is the reason why the funds were moved to both Eth and Arbitrum chains to be invested in Pendle, which is still performing great, offering safe and good returns in the long run.
Last but not least, liquidity has been locked again for additional 6 months, to prove whoever is still with us, and whoever will join us later, how serious we are about this project, despite the difficulties we had, and we will keep pushing forward to succeed!
Thank you.
pinksale.finance/pinklock/ether…
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