2021-08-13 17:16:46
SAFETREES PROJECT UPDATE – July 26, 2021
Project Progress and development
• In the past weeks, 23 YouTube videos featured the SAFETREES project spreading awareness and reaching different language groups as well.
• News articles about SAFETREES were featured in the press such as MarketWatch, Benzinga and 350+ local news outlets.
• SAFETREES is now featured in Coinbase – which we feel increases the legitimacy of the project.
• TREES token can now be tracked on big digital currency price and information data platforms such as Coinbase, CoinMarketCap and Coingecko.
• We are also got listed on Coinsniper, Gemhunters, Coinfinder and more to come. Thank you for your support.
• We maintain at least 2 Twitter posts and 3 replies daily. Now we are approaching 7000 members. We have created a Creative Contest.
• We increased the holders to 10000+
• We feature the new look of our APP.
Marketing and promotions
• We believe that it’s very important for the success of this project to get new eyes on SAFETREES
• We are experiencing a bearish sentiment, and all cryptocurrencies are experiencing a loss in market cap, the conventional marketing approach does not seem to be working for any coin right now. But we feel that a bullish trend is about to happen in the market.
• We think that the best way to boost our market cap and organically spread awareness of our project would be to start an ambassador’s program
• The team has spent the past weeks planning, asking for suggestions from community members, reaching out to multiple crypto influencers, social media influencers, and venture capitalists regarding this ambassador program
• Although no deals have been signed, communication and conversations are very positive
• A more substantial update on marketing will be posted when these deals are finalized
• We have more pending Youtube videos featuring SAFETREES
Listing on Centralized Exchanges
• The team have applied in different centralized exchanges notably Gate.io, Bitmart, Houbi Global, Bitstamp, Indodax and Okex.
• The listing application process takes very long, and many requirements need to be fulfilled including high list payment cost.
• The project will sell some of the tokens allocated for this purpose to pay the listing cost.
• We will give a more substantial update on Cex listing when deals are finalized.
• We also submitted an application to MDex – a decentralised exchange
• When we are whitelisted in MDex – you can provide liquidity, stake and mine using TREES and earn % APY rewards.
Tokenomics
• We have successfully launched 66% token burning to date.
• The creators' address is now only have 8% of the TREES total supply (TS).
• During our attempted PreSale on DxSale, 2.3% of the TS were also burned forever.
• The team only holds token for project activity: 8%; PancakeSwap Contract: 1.5%; Early investors: 4% and Exchange Allocation: 9.8%
• The project activities and their allocation are listed in our Lite Paper.
• We feel that Pancakeswap LP is not enough to withstand market volatility and selling pressure.
• To counter this, we think that added more LP to Pancakeswap is needed. Due to the limited fund of the team, the project will sell few tokens and then add to the liquidity.
• The Early Projects Investors agreed to burn some of their tokens to help this project succeed.
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