ANNOUNCEMENT.
21 Sep 2023, 14:17
🟪 ANNOUNCEMENT
As you are aware Palmswap V2 has gone live yesterday, and the initial data suggests encouraging trading volume numbers and a robust market activity.
In light of the overwhelming demand we've observed since the launch, where liquidity is being consistently utilized, we have decided to implement a strategic shift. To bolster our liquidity and ensure a seamless trading experience for our users, we have chosen to introduce a Liquidity Buyback initiative instead of the previously considered token-burn mechanism . This decision is premised on the immediate needs of the traders on our platform and our commitment to ensuring a robust trading environment. This means, we will temporarily add funds to enhance the liquidity on Palmswap V2 to meet the current demands of the platform. Once more liquidity providers will join our ecosystem, we will again switch back to our token burning program.
This adjustment reflects our adaptability and commitment to addressing the evolving needs of our trading community and the platform users.
We thank you for your unwavering support and trust. Together, we will continue to pave the way for a revolutionary trading experience on Palmswap V2.