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πΎIt's Time to Celebrate because tETH is Fully Prepared and Gone Live!
π The audit went through smoothly, and based on the audit report we successfully made some adjustments to tETH mechanism.
1/ There was a lot of sell pressure lately, and we realize this, but it was not a hack or rug pull.
The culprit was a bot that somehow got through the blacklisting wall during the launch, and recently sold off its tokens.
@sofiane_mahamdi Hey thanks, for asking. We are looking through all the bot addresses that we collected to make sure they are all without a doubt blacklisted.
1/π₯6278 EVN ($4,938,782) was burnt recently. That means our new total supply = 251,141
There is an additional 20,000 EVN that was collected from tETH that we will be keeping in reserves for now.
We are happy to announce that terms have been finalized for the new partner integration, "Partner B" π
Partner B intends to buy several million dollars worth of EVN to integrate to their real world business, more details to come in the near future π
3/ π₯All 15,594 $EVN tokens that were collected by the first tETH sweep were burnt and permanently removed from the total supply.
Additionally, The first tETH sweep allowed us to use 1000 $ETH to buy back 6858 $EVN tokens from the market and permanently burn them as well.
1/πFirst tETH sweep summary: $13,561,008 USD worth of $EVN tokens were burnt!
The tETH mechanism allows Evolution Finance to sweep below the $EVN token price floor thus gaining access to the excess liquidity generated by our token economy.
https://t.co/LD9hZDz2mA
2/The first tETH sweep $EVN and $ETH it gave us access to a lot of liquidity! Evolution Finance gained access to 15,594 $EVN tokens and 1000 $ETH from below the price floor using the first tETH sweep. All the $ETH and $EVN we gained access to was worth $8,046,000 USD.
(I strongly recommend you to take a closer look at this @EVN_finance - the token metrics alone are unbeatable - deflationary, locked LP, all tokens already in circulation, no VC's, etc.).
3/π¦ΎOne of the most integral aspects of the Evolution economy is the $EVN price floor, and it also plays an important role in the tETH mechanism. The $EVN price floor is the lowest possible price for $EVN tokens, and anything that falls below that is just excess liquidity.
1/π°Inner Workings of Evolution Economy: The Current tETH Mechanism and the $EVN Price Floor Explained
There is a lot more to the current tETH mechanism and the $EVN price floor, which is why an article has been made to cover both these topics.
https://t.co/nnUsPosDM4
2/πThe current tETH mechanism is still achieving exactly the same goal as the original, and can successfully access the excess liquidity below the $EVN price floor. This excess liquidity can then be used to add value for the Evolution Economy.
2/π°$EVN tokens are listed on Uniswap and have lots of liquidity on the DEX, so feel free to trade them on there. $EVN has a very unique token economy that works best on DEXes like Uniswap.
π$EVN Uniswap Address: 0x9aF15D7B8776fa296019979E70a5BE53c714A7ec
1/πΈ$EVN Tokens can Now be Withdrawn from Hotbit so Donβt Miss Your Chance to Withdraw Your EVN from there!
People decided to use Hotbit to trade $EVN tokens, but they had major issues withdrawing their tokens, and in some cases had to wait over a month to withdraw their $EVN.