To the Niubiswap Community,
As we announced previously at the start of the week, we decided to delay the release of our dashboard. Problems were encountered and we did not feel comfortable releasing it before making the appropriate fixes. In turn, this has also delayed our upcoming marketing initiatives to help build our userbase. This is a delay, but a carefully planned and strategic decision.
To reiterate why we did this, we want to mention that when we do begin to market and present Niubiswap to a wider audience, there will be users who expect a working, polished product. This is why we must ensure that this dashboard is released to its fullest potential with no bugs. We outsourced the website design and we still ended up with issues which was a great disappointment to us and we are working to remedy the situation This will be something that will benefit Niubiswap greatly in the long term. We will keep you updated on the status of the dashboards release.
Niubiswap did make some strides this week even with the delay! Our first INO featuring Nezer will upcoming in the very near future. We are looking forward to out first successful INO, which will further increase NIU usecases and capabilities as a decentralized protocol driven by the community. More information on the Nezer INO will also be made available when appropriate.
This week also included an AMA session hosted by NIU featuring Nezer. The subsequent AMA can be found in the Niubiswap Community for you to review at your convenience. This allowed the community to get to know the Nezer project and their initiatives. Bringing new projects into our ecosystem is a great way to grow collectively and support other projects. Providing INO services for projects like Nezer can also be a great way to bring more users to participate in the NIU LP’s and staking Farms.
Lastly, we recently burned 98,000 NIU ($4,100). Burning tokens further reduces sell pressure and provides a decrease in token supply. This in turn creates more stability in the ecosystem and has a positive effect on tokenomics.
That just about wraps up the week at NIU. Keep an eye out for our next weekly review and stay tuned for more updates and news.
Thank you.
