ReLaunch Event
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As we navigate the pioneering path of blockchain innovation, our commitment to creating a robust and user-friendly Layer 3 solution remains unwavering. It has come to our attention that our initial contract exhibited inefficiencies related to gas consumption due to the reflection mechanism awarded to our holders. This unforeseen challenge has prompted us to take decisive action to ensure the long-term viability and success of our project.
We are excited to announce a strategic relaunch of our platform, scheduled for 10 PM PST on March 11, 2024 (4:30 UTC on March 12, 2024). This step is taken with a clear vision for the future, aiming to rectify the gas issue and enhance overall performance. Our dedication to this project and its community drives us to implement solutions that not only address current concerns but also fortify our infrastructure for the challenges ahead.
In appreciation of your patience and support, we are implementing two key initiatives:
Equal Token Airdrop: All existing holders will receive an airdrop of tokens equivalent to their current holdings. A snapshot was taken at 5:30 PM PST on March 11, 2024 (12:30 UTC on March 12, 2024) to facilitate this process.
Exclusive NFT Airdrop: As a token of gratitude and to acknowledge the inconvenience caused, holders of the original contract will receive a unique NFT. These addresses will also be whitelisted for future benefits, signaling our appreciation for your early support and trust in our vision.
As Orb3 Tech embarks on a pivotal moment with our strategic relaunch, we are excited to announce a carefully planned sale of our remaining tokens, equivalent to 7 ETH in value. This initiative is a critical component of our commitment to ensuring the long-term sustainability and success of our project. In alignment with our relaunch, we will reintroduce our smart contract with a starting liquidity of 5 ETH. This approach is designed to optimize market stability and foster a healthy trading environment from the outset.
Furthermore, we are dedicating the remaining 2 ETH from the token sale to fund strategic buybacks. This proactive measure is part of our broader strategy to enhance value for our token holders, mitigate market volatility, and demonstrate our confidence in the long-term potential of our Layer 3 solution. The buyback program will be executed with transparency and in phases that align with our market growth objectives, ensuring that we continue to build trust and foster a strong community around our project.
This thoughtful allocation underscores our meticulous approach to financial stewardship and our dedication to leveraging our resources for maximum impact. As we move forward with our relaunch, we are more committed than ever to delivering on our promise of innovation, sustainability, and community empowerment in the blockchain space.
Our journey is far from over; it is, in fact, just beginning. The relaunch signifies not just a technical revision, but a renewal of our commitment to building a transformative Layer 3 chain. We are here for the long haul, dedicated to innovation, community engagement, and the realization of a decentralized future that empowers users globally.
Thank you for your understanding, patience, and continued support. Together, we are not just solving temporary challenges; we are building the foundation for a future where our Layer 3 solution stands as a pillar of blockchain technology.
We look forward to your continued partnership as we embark on this exciting next phase. Your feedback, support, and engagement are invaluable to us as we strive to achieve our collective vision. Thank you for being an integral part of our journey.