We have identified a significant area for improvement within the Sallar ecosystem regarding our reward pool. Since launch, we’ve realized that the current reward pool wallet, which holds approximately 80% of the supply and is locked in a smart contract, may be causing confusion among new and existing holders. To address this, we’re implementing some essential changes to enhance transparency and security:
Key Changes:
- Replacement of the Reward Pool Wallet: We’re replacing the existing reward pool wallet with a new token distribution system based on a smart contract. This system will create rewards dynamically, in line with the network’s demand, offering enhanced security inspired by the Bitcoin distribution model.
- Immediate Audit: We are submitting this new system for an expedited audit with a well-regarded auditing firm. The audit results are expected within a few weeks, which will further validate and secure our ecosystem.
Impact of This Change:
- Market Cap Reduction: With the removal of the reward pool wallet, the project’s market cap will decrease by a factor of five.
- Circulating Supply Adjustments: While the token’s total supply remains the same, the circulating supply tracked by market sites will adjust from 12B to 2.6B.
Swap Details:
To ensure a smooth transition, all current Sallar holders will receive a 1:1 swap with the new Sallar token address within the next 24 hours. The swap will involve:
- Transferring Full Liquidity to a new pool
- Swapping Tokens for all holders
- Integrating All Project Services with the updated token address
These steps will strengthen the Sallar ecosystem and provide our holders with increased transparency and a more secure framework. Thank you for your ongoing support as we continue to innovate and refine our platform!
