We are happy and excited to share October updates and good news with you!
The goal from the start has been to create decentralized, trustless, non-custodial products. Recently, we have released our first product MeliWallet. It’s available on Google Store and soon will be on App Store as well. We will continue implementing new chains onto MeliWallet, Devs are working on a new one and it will have been completed in October.
We asked our community’s opinion about moving MORA to another network due to trading concerns. After some discussions, we decided not to move and continue on the Ethereum Network. We listened to our community. However, we know that we need to do something to provide MORA better liquidity conditions. That’s why, we have moved some of the current liquidity on Uniswap V2 to Uniswap V3 and the rest will be moved to Centralized Exchanges. To make MORA accessible to more people, we need more venues. Keeping this in mind, we are happy to announce that this month MORA will be listed on a good CEX; further details about this will be announced on the upcoming days.
Additionally, we thought that we should make our token scarcer and more valuable. We have just burnt 600000 of MORA tokens which are removed from Uniswap V2 liquidity pool. Besides, we have decided to burn 400000 tokens from the team’s share. Each month when tokens get unlocked from the vesting contract, team will burn 80000 MORA, and this will last 5 months consecutively. As a result, 1M token will be burnt forever, and new maximum total amount will be 3500000 MORA.
Proof of token burn:
Meliora is a Decentralized, Trutless, Non-custodial DApss house. Meliora provides from wallet to wallet, trust-less, permission-less, and secure swaps. Meliora will be one stop trading solution for multichain swaps. Meliora will support Bitcoin, Ethereum, Binance Smart Chain, Cosmos, Polkadot, Tron, Avalanche blockchains.
Stay in the Loop