TopGoal

Recently the crypto market has entered into a deep bearish stage, especially with the incident of FTX after Terra/Luna broke down. Lots of projects and institutions in the industry are suffering from this situation under high pressure. But we also consider it a great opportunity to keep building and moving forwards. Since the launch of open test official season 1, TopGoal has reached over 10k daily unique addresses/users, within the top 10 places of all DApp and web3 games among the BNBChain ecosystem according to<a href="https://dappbay.bnbchain.org/ranking" rel="noopener noreferrer nofollow"> DappBay</a>. We appreciate all the support from our community for providing good feedback and suggestions during test phases. Meanwhile, we also received negative speculation and concerns from our community regarding the price of TopGoal utility token TMT as well as the latest condition of all TMT deposited into the TopGoal platform. In order to address this issue, our team thinks it is time to provide additional clarification as well as take further action.The major speculation and concern is that the current price drop of TMT is because the team has been selling the TMT deposited into TopGoal platform. The truth is, there is no single TMT token deposited into TopGoal platform that has been sold. How to verify this? That’s easy. Thanks to the blockchain technology, all the deposited TMT are sitting on the BEP20 address of each user’s TopGoal account transparently onchain. Users can easily track down these deposits to verify whether the token has interacted with any DEX (Pancake or Biswap) previously. Our tech team has aggregated a portion of the deposited tokens for security purposes in the early stage while they are also conducting technical feature iterations to prepare updates in the next year for converting TopGoal into a more decentralized fashion. But all deposited TMT tokens remain intact.To further address this matter, the team decides to aggregate all the TMT tokens deposited previously by our users into a single address and then transfer them into the burn address as what we proposed in the tokenomics of TMT previously (either recycle into the treasury address or the burn address). The total onchain amount is around 7 million, which includes previous consumption, staking etc. The related transaction details is at: 0x1a209351346ccd905193035feb870dab5bb5b991e2cf339317669325ef0c4fa7In addition, someone might be curious if it is the total stats of TMT being consumed and staked during previous test phases. The answer is no. In the past, TopGoal has released a total of around 14 to 15 million TMT tokens for ecosystem incentives (TopPrize event, TopManager test seasons etc.) along with the initial 10 million TMT paired with 1 million BUSD team self fund to form the LPs in the DEX. But lots of users keep their TMT rewards inside the TopGoal platform and use these rewards to participate in TopManager.The actual released onchain total is around:21.57 million (100 million preminited allocation minus the latest treasury remaining amount) — 4.69 million (previous hack incident isolation amount in 0x263D283b8B54F48e169FD4884e404Cb6689B88E8) — 10 million LP allocation &#61; 6.88 million.It is much less than the 15 million TMT incentives supposed to be released since users have been using their token rewards inside the TopGoal website according to the tokenomics and utilities of TMT.From time to time, our team plans to continue aggregating all TMT deposits into the TopGoal platform on a routine basis and recycle them into the treasury address monitored by our community.We are grateful for the understanding and support of our community members who stand with us, especially during this bearish market. TopGoal is still in the early stage according to our<a href="https://medium.com/&#64;TopGoal_NFT/road-to-bridge-sports-to-web3-9d8fa012de29" rel="noopener noreferrer nofollow"> roadmap</a>. We will keep building and collaborating with our ecosystem partners to fulfill our vision step by step.

Latest Updates for Community Feedback | Clarification on Deposited $TMT

TopGoal

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