MarshMallowDeFi
Announcements and News
It’s been 5 days since our launch, and we want to give you a quick update on what has transpired within that time. We will take a look at what we’ve achieved and how this will affect the future of the platform. The point we are most excited about and grateful for is that in such a short time we have reached an incredible 2 million TVL and this is thanks to all of you! Shortly after the launch, we received the Audit from TECHRATE giving us an assurance that the platform is fully functional and without any technical issues.
We have provided a link to the audit below for your viewing:
https://marshmallowdefi.com/Audit.pdf
For the sake of continuous token appreciation, we have decided to proceed with our strategy of moving our token in constant alternation between BURN and BUYBACK. For the uninitiated, there are two different ways to support the token value, with BURN we send a percentage of mash to an unrecoverable address as you can see at the link below and to date we have already performed 2 BURNS.
Our second token appreciation strategy involves executing the BUYBACK. Under this approach, we take a part of the fees generated and buy back the token to support it from the bad dumps that often occur. To date, we have performed 2 BUYBACKS for a total of $15K divided as follows: $ 5k in the first and $ 10K in the second. To our great surprise, a member of the community sent to us an illustrative video of the platform, explaining its utility.
Here is the link for those that are curious: https://youtu.be/ZuHAZFNCnTo
After giving due thanks and the updating of our accomplished goals, it is with joy that we make the following 3 announcements:
1) The arrival of the lottery:
This competition will allow participants to win rich prizes and the remaining number of tokens collected will be burned automatically to decrease the supply and increase the value of MASH.
2) Decentralization of Governance:
It has always been our primary interest to get our community involved in the development of this project. For this reason, the governance of the platform will soon become decentralized, thus allowing MASH holders to influence decisions regarding the project.
3)Finally, we wish to announce that we have decided to implement a layer 2 that will allow you to stake and farm REFLECTION TOKEN (such as SafeMars or SafeMoon). REFLECTION TOKENS are highly sought after because part of the fees constantly accumulate in the holders’ wallets, discouraging the sale and rewarding Holders, and thus avoiding the annoying rag-pool !! To date, we can loudly say that we are the first to implement farming involving these TOKENS!
Stay tuned !!!!
