It’s that time of the year again when all the businesses fire up and people get ready to tackle the world head on. I think it’s time for a project update after a whirlwind 2022.
When we launched $M we never expected the crypto industry would be in such turmoil. We had to make drastic plans to cut expenses enabling us to survive the bear market. We did some soul searching this December and carefully planned out our plans going forward.
Major changes are on the cards that started with a domain change. We acquired cryptovault.app domain and moved all our services over. We believe this domain will be a bigger umbrella for our expansion into Web3. Our governance system was put in place and is fully operational with weighted token voting. The bigger your wallet the more votes you have. We believe that if you have a vested interest in the project you should be able to have a bigger say. A complete website redesign was done building our website and farm in one React app.
We expanded help files and detailed out our description on tokenomics. Our dapp was excepted by dappradar and is currently listed on their platform. Most stats will update on the platform soon as more contracts get approved by them. We managed two CEX exchange listings during the bear market turmoil and the listing fees came from our very own pockets, with @deeppamp putting up a considerable amount for our txbit.io listing. Setting aside price which is a sore point… The token release and distribution is looking very bullish. The biggest whales folded positions and allowed the smaller players to scoop up some $M.
We crossed the 600 wallet mark in holders, with a very even distribution. Our socials increased slightly but, the most important thing is our die-hard supporters that pulled us forward and supported our project continuously. We added a referral system for our telegram users that incentify them to share our project. You earn M for every successful join via your crypto link. That really fired up the community and we received 550 API calls within a day. Get your bot code here click start once the bot loads up in your telegram.
Currently our circulating supply is sitting at 6,668,104 million leaving a total of 3,331,896 coins that will be distributed via our yield farm. This process may take a few years to complete where after minting of new tokens will not be allowed. Visit our token page here. Also see our detailed stats page on coinbrain. The fun really starts afterwards. The fees start burning the total supply down and the system becomes deflationary turning back the clock.
Our project will continue to expand and grow the industry. We are looking forward to this year and will work even harder to gain your trust. Adoption is 1 step at a time.
Believe in M together we grow.