Transparency update for anyone still here…
Every dollar in the treasury is being used efficiently, as promised. Receipt attached. For more info, check our website.
Yeah, the mcap looks rough. Trusted the wrong person and we got bundled, lesson learned. But we're gonna make this work.
No volume means no continuous revenue stream, but the wallet should have enough left to keep our top 3 plots running (2x level 10, 1x level 12), pushing for level 15-16 in a day.
7.177 ETH raised for the treasury, just from trading tax.
All funds get put to work: we buy/burn plots, buy and burn $DSTRAT, buy $DRILL and put it straight to work running plots, reinvesting the returns (for now).
We'll do everything we can to strengthen the overall economy.
Some people will say the project is dead. It's far from it.
The xDRILL Bank is NOW LIVE.
& holding $DRILL just became part of the game... (🛢,🛢)
The Bank is a flywheel-first staking mechanic that adds ZERO token inflation to the system. Here's how it works! 🧵
Regardless of the $DRILL price, I think after the events this week, a lot of @projectmars_rh higher leveled plot NFTs will have a significant amount of locked ETH. Game theory of whether to burn to unlock this ETH will now start to be relevant.
Transparency update for anyone still here…
Every dollar in the treasury is being used efficiently, as promised. Receipt attached. For more info, check our website.
Yeah, the mcap looks rough. Trusted the wrong person and we got bundled, lesson learned. But we're gonna make this work.
No volume means no continuous revenue stream, but the wallet should have enough left to keep our top 3 plots running (2x level 10, 1x level 12), pushing for level 15-16 in a day.
Almost 24 hours live and here's what the treasury has done so far 👇
> 24 plots bought, 20 still held
(5 currently running), 4 burned.
> 1357 $DRILL has been bought.
> 29.59M $DSTRAT bought back and burned
🪐 0.63 ETH is still sitting in the treasury, waiting to be deployed + another 0.18 ETH still waiting to be claimed.
We decided to use more than 20% of last claim straight to buyback and burns.
The chart's been looking like straight slush, but that's exactly when we refine as hard as possible.
Claimed 0.67 ETH, put 0.35 ETH into buybacks, burned all of it.
4.84% of supply gone in this round alone, total burned now sitting at 7.8%.
Extra things are coming for $DSTRAT holders…
Still running the numbers on what���s sustainable. Once plots are leveled up and we generate steady daily profit/revenue, we’ll start distributing some of that back to holders.
Haven’t locked in whether that’s $DSTRAT, $DRILL, or something else, but more is coming on top of the burn.
As long as @projectmars_rh lives, we live 🪐