Hey Surfers👋🏄🏻♂️
We want to keep everyone updated as to what our plans are moving forward/the drawbacks we've had during the time $SurfMoon has been alive
It's been a bit of a rocky road these past few weeks and we want to make a decision that'll benefit the community as well as keep the $SurfMoon name alive in the long run
First thing to note, the team hasn't dumped any tokens. We're getting accusations that we're 'rugging' the project but this cannot be further from the truth. Liquidity is still locked, and team wallets are still locked, we do not seek to run away with anyone's funds. We're still very much active and answering everyone's questions as they come.
In line with our promise of transparency, we're going to be summing up a few drawbacks we've had:
#1, BNB Rewards: On paper, the idea of rewarding holders with BNB rewards is excellent, as it allows for passive income. BNB rewards however reduce the sustainability of a project in the long run. $SurfMoon has to regularly be liquidated by the contract into BNB and redistributed to everyone holding. Over $1m in BNB has been redistributed to all holders up until this point, which is both great and not so great. We feel that figure could have been better used for buy-backs, or even marketing, which lead us to question our contract entirely.
#2, Marketing: We had some initial troubles with marketing from the get-go. Our partnerships with a few individuals ended up falling through despite having made prior deals for this. This therefore meant marketing wasn't as effective as it could have been from the beginning. We feel that a well thought out marketing strategy prior to launch of a token is imperative in continued success, and we seek to address this in the future.
#3, Presale: Despite having raised 2000 BNB during the presale, we didn't entirely evaluate the impact this would have on the chart post-launch. With majority of presalers leaving promptly after/looking for a quick pump and dump.
#4, Working product(s): Cryptocurrency, especially BSC is a very fast moving environment with many aiming to seek big development in a short span of time. Developing a working product, whether it be a staking platform or P2E game is both time and financially consuming. Our staking platform was due for launch a couple of weeks ago, but our relationship with the developer turned sour due to greed on their behalf. Our P2E game is still in development but we feel it could be better used for a migration or relaunch on ETH
We all have to remember that crypto is a very fast moving environment, as can be seen in both the number of tokens that launch per day, as well as the different/novel tokenomic structures every team seeks to employ to be ahead of the crowd. As always, investment into crypto is a high risk, high reward endeavour and everyone should seek to do their research/be prepared for anything when investing.
This leads us onto what we plan to do moving forward:
🚨As of now, we're stopping development of $SurfMoon on BSC and moving in the direction of migrating/relaunching on ETH, still as $SurfMoon but a 'V2'. We've invested a lot of our time and money into this project on BSC with big goals in mind, but our mindset has changed since.
Why are we doing this?
We feel ETH is more future proof, and it will also give us the opportunity to develop our token and do it correctly/address all the previous drawbacks. We've tasked ourselves with completing this process within 3 months (as a maximum timeframe). We'll be working hard in the background to have CEX's, promotions and staking ready on launch, as well as our P2E games, complete set of NFTs, CMC, CG listings and other campaigns. We want to bulletrproof this launch to the best of our ability. We also want everyone to have an opportunity to rise back up with us. You've all been fantastic so far, and the SurfMoon community will undoubtedly live on.
We'll keep everyone updated through our announcement channel in the coming weeks, we just ask for a little patience as we're doing all we can 🙂
