To our valued community who have voiced your concerns, we deeply appreciate all the sincere discussions, feedback, and suggestions. Maintaining your trust is of utmost importance to us. We would like to address some of the key issues raised by our holders:
Team Token Burn (2.5% - 1.05B $WELL):
We deeply regret the claim delay caused by technical issues during $WELL TGE and apologize once again to our community. We want to clarify that the team did not trade $WELL tokens before the community. The trading volume on CEXs before the claim started came from third-party marketing and liquidity.
We have been building WELL3 for years, and the funding results prove our capability to do so. We raised millions of dollars through different funding rounds and NFT mints. The funds remain untouched in our treasury and are ready to be deployed after our TGE for WELL3's next phase of development.
Moreover, all of our core team members are doxxed and have met with our community numerous times at different web3 events worldwide. The team has strong faith in WELL3's success in the near future. It makes no sense for us to seek a small profit during WELL3's important TGE event and ruin the momentum built over the past two years.
However, we are fully aware that we bear full responsibility for the technical issues during $WELL TGE. Therefore, the team has decided to burn 2.5% of the total supply from the team tokens allocation to make up for the mistake. We hope this gesture proves to our community how much we value their support. We do not want our community to have a "shortsighted" impression of us.
WELL3 Farming Rewards:
The details of farming rewards will be announced soon, starting with bonus airdrops for Bybit users. Please stay tuned for additional details.
We value your concerns and appreciate your feedback and opinions as they guide us in improving. Despite the challenges, we are unwavering in our commitment to delivering exceptional products and maximizing token utility. Thank you once again for your understanding and support. The WELL3 team will never give up.
Read more in WELL discord announcement.
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