Partnership Update: Collaboration event with Pala Square
Ever since we announced our official partnership (link) in March this year, Pala Square has proven to be a promising NFT marketplace based on the transaction performance of our holders throughout the beta period.
In light of the conclusion of Pala Square’s beta period in April, we’ve decided to increase the marketplace’s creator revenue from 0% to 4% starting May 9, 2022 (Monday) at 12:00 p.m(UTC), and the revenue will be utilized to buy back MARD in order to preserve token value and create a virtuous cycle of healthy tokenomics.
Additionally, we will collaborate with Pala Square to host a joint event to encourage our users to trade their NFTs on the platform. We will select the top 50 users who traded the most NFTs on the marketplace between May 6th (Fri) and June 2nd (Thu) and award them 40 PALA tokens as an incentive. (link)
In order to provide further benefits to Sheepfarm users, Sheepfarm and Pala intend to continuously search for opportunities to cooperate, and we will keep you informed of any new developments through our social media platforms.