The intention. Was IS and Always will be to. make this into a proper on going business concern.
09 Oct 2022, 00:01
The intention. Was IS and Always will be to.make this into a proper on going business concern. The delays in growth and development were both dev and market related. But our intention Was IS and Will be to ensure and make best effort to create sustainable commercial value for the tokeholders.
This cannot be accomplished with the Quai token because exploitation risk exists due to JustLiquidity bridge belonging to the JuleSwap protocol, which is currently defunct or close to being so. We can not ensure the actions of their bridge owner admin. As it became clear to us they have nothing to lose and can use the bridge mintung contract for Quai on BSC to exploit the assets of Quai protocol.
With best interests in mind, the liquidity was removed from both Pools on Uniswap ETH value 10k $ and Pancakeswap BNB value 18k to be used for launching the EYEQ DAO and EYEQ token and EYEQ token public trading.
A TGE and public offering of EYEQ token is now in the works of preparation. Further, the SWAP of Quai tokens to EYEQ tokens is to be done for all Quai holders, and the swap rate is designed to ensure that Quai holders token value is not in any deprecated but in fact that their position is improved SWAP rate is based on EYEQ token TGE value of 1$ , the valuation per Quai token will be higher than the public market rate for Quai prior to removal of liquidity aforementioned. Which we believe has the potential to provide a substantial value increase to current Quai holders and to further reward Quai holders for their support of the protocol. As stated previously EYEQ token will also offer EYEQ holders rewards every thirty days at a preset rate 1EYEQ = 5 EYE, this is specified in the Litepaper published and shared with the community! Here...