Dear Community,.
26 Jan 2023, 07:32
Dear Community,
We wanted to update you on a major decision that we have made to further enhance the growth potential of our company. After conducting a thorough analysis and consideration, we have decided to temporarily pause our monthly manual burn of TiFi tokens until the end of this year, when the first unlock is set to occur. Additionally, we will be burning at least 1.2 trillion tokens on top of the 60% of unlocked tokens that were planned to be burned in January 2024. It is important to note that this decision will not affect the auto-burn mechanism.
We understand that this news may come as a surprise to some of our investors, but we want to assure you that this is a strategic move that will allow us to redirect our resources towards the development and growth of the company. By redirecting the funds that would have been used for the buybacks, and also by burning a significant amount of unlocked tokens, we will be able to increase the value of the remaining tokens and make the project more attractive for the investors.
Additionally, we wanted to inform you that we have encountered some delays in the development of our Allverse platform. We have made significant progress, however, we need more time to finish the platform and ensure that it meets our high standards for quality and security. As a result, we are pushing back the launch date to March, instead of January as originally planned.
We also want to let you know that we are still working on integrating partnerships that we have been mentioning. One of these partnerships is with a payment provider that will enable investors to purchase TiFi tokens via credit card directly from our website. The other is a long-term strategic partnership with one of the leading cold wallets in the market, which will help our investors store their TiFi tokens securely and make the investment environment more safe.
We want to assure you that this decision will ultimately lead to a stronger, more valuable project, which will benefit all of our investors in the long-term. We understand that there may be some uncertainty in the short-term, but we are confident that this move will pay off in the end.
We will continue to keep you updated on our progress and developments, and we appreciate your continued support as we work towards building a brighter future for TiFi.
Sincerely,
TiFi Team