The Zendodo Balance
Attention Heroes! We hope you are all having a smashing good time with release of Mission Crafts on the horizon, 2nd April to be exact ❤️ As a recap, Zendodo Party has experienced an exponential amount of growth in the past few months since its launch (with no lack of exciting events for you Heroes to participate in 🔥)
With a rising adoption of the project, all factors surrounding it are bound to change - and this includes our Secondary Market Prices 💰 For Heroes that have been us for quite some time, as well as new Heroes who have joined us, Zendodo Party takes great pride in the management of its assets & its associated prices to ensure that the investors are safeguarded 🌟
With that guarantee, Team Zendodo would like to inform the community that a buy-back and burn mechanism was triggered on 25 March 2022, to allow for the stability of our assets to ensue 🚀 Read on to find out more about our decision and the steps we have taken to bring Zendodo Party to greater heights 💫
Rationale 📜
As a project, we are extremely thankful for the Heroes (Old & New) who whole-heartedly support us and stand behind it 🙏
Pre-planned drops have been cancelled in view of inadequate Secondary Market pricing — if we were to push out more supply, existing assets held by players will be unfairly penalised in terms of value (which is something we are extremely cautious of and will always prioritise) 💯 The players are the pillars behind the project and it will always be Team Zendodo’s duty to uphold those pillars 🌟
As such, from 25th March to 26th March 2022, Team Zendodo has proceeded to clear the secondary market of items that were currently below a fair price (determined as 10% above the drop price) and burnt 🔥 to preserve the value of existing assets 💰
Steps Taken 🔥
- Team Zendodo purchased all of the previously dropped NFTs from the Secondary Market that are priced below 110% of its initial drop price (Refer to infographic above for respective tagged prices) 💸
- These assets have been purchased under the WAX Wallet Address “zendodoburns” & burned.
- 1,207 WAX was used to purchase & burn 44 Base Zendodos, 25 Event Zendodos, 1 Silver Pack and 7 Event Packs.
- As mentioned, these assets were burnt following its purchase to reduce the supply available on the market and preserve existing prices 🚀
A Message from Team Zendodo 💌
Team Zendodo appreciates and is grateful for every single Hero (Old & New) that has been here and showering us with nothing but love ❤️
As we gear up towards the FINAL leg of the highly anticipated release of Mission Crafts, on 2nd April 🚢 , we foresee MORE Heroes jumping in as Zendodo Party sails forward and progresses to even BIGGER releases 🔥 We hope that with this move, confidence in the project is re-instilled and Heroes will be able to start / progress on a strong base 🎆
With that we would like to remind all Heroes that our Season 4 Completion Bonus is set to end SOON on 3 April 6PM UTC.
Prepare for the oncoming wave Heroes 🌊 Strengthen your parties and swoop in on those low-priced drops before they’re gone 👀 With upgrades to Tools, NEW Weapons, and EVEN more ways to earn, strap in for a SMASHING time 🍻
It’s now or never Heroes! The ships are arriving sooner than you think 😉