Blog / Quarterly Token Burn #4: Advancing with Transparency and Growth

Quarterly Token Burn #4: Advancing with Transparency and Growth

October 10, 2024


Greetings, Adbytes.Media Community! We're excited to update you on our fourth quarterly token burn, underscoring our dedication to transparency and value creation for our stakeholders. This quarter, we've successfully burned 74,574 ADBYTES tokens. You can verify the transaction here: PolygonScan Transaction.

 Platform Growth and Milestones

  • Approved Publishers: Now at 320, reflecting steady growth and engagement within our network.
  • ADBYTES Claimed: A total of 12.5 million ADBYTES distributed to users from the platform, predominantly publishers, through our active reward system.
  • Daily Activity: We continue to see healthy daily rewards claims and new account signups, indicating robust platform engagement.
  • Social Media Growth: Our channels on X, Telegram, and Discord are expanding, fostering greater community interaction and engagement.

Token Market Update and Community Rewards
The current Uniswap price is $0.00007730 USDT. Although this represents a downturn, we remain optimistic about recovery and future growth. Our Zealy rewards program is thriving, with 1,168,050 ADBYTES distributed mainly on the Avalanche chain, boosting our unique token holder base and community engagement.

The redemption rate for converting ADBYTES into advertising credit remains at $0.005. Redeeming ADBYTES is by far the best way to get the most value from our platform right now! Remember, all ADBYTES redeemed on the platform are burned every quarter, permanently removing them from the circulating supply (which is a good thing!).

  • Community Rewards Program: We've achieved 11% completion of our 10 million ADBYTES giveaway through Zealy. Participation is simple—join our community, complete quests, and earn tokens. Remember to submit your wallet address to receive rewards. This initiative not only distributes tokens but also helps grow our library of memes, expands our content submissions, and increases mentions of our platform and token across the web.

Platform and Roadmap Updates

  • Ongoing Developments: While we are a small team, significant platform upgrades are in progress.
     
  • Staking and Yield Farming: Introducing these programs will be a game-changer, attracting liquidity and providing more reasons to hold ADBYTES. These features are crucial for completing loops in our tokenized ecosystem.

Broader Cryptocurrency Market Insights

  • Market Trends: Recently, Bitcoin and Ethereum have shown positive momentum despite existing volatility. While there is cautious optimism, market participants remain watchful of potential shifts.
  • Industry News: A recent HBO special reignited discussions about Satoshi Nakamoto's identity, but Satoshi remains anonymous, preserving the mythos of Bitcoin's creation. Meanwhile, regulatory crackdowns continue to shape the industry landscape, with Binance's CZ having completed his short prison sentence.
  • U.S. Elections: The impending U.S. elections could bring volatility and regulatory changes, influencing the cryptocurrency markets in unpredictable ways.

Looking Ahead
As we approach the next quarterly token burn, our focus remains steadfast:

  • Expand our unique token holder base and community reach.
  • Enhance platform utility and user experience with upcoming features.
  • Increase ADBYTES token trading value and liquidity.

We're dedicated to revolutionizing digital advertising with blockchain technology. Thank you for being part of the Adbytes.Media journey—together, we'll shape the future of digital marketing and drive innovation forward!