Hi Aqualiens, throughout November we have continued to focus development on our core smart contracts as we get the protocol audit ready.

Tables of Contents

• Development update
• End of our pre-token sale
• Seed sale progress
• Treasury report

Development Update

November has been a month of continued intensive development for Aqualis, with a focus on our MALP, Lending and importantly the integration between these two smart contracts. We have since upgraded our algorithm which can be seen in more detail on our updated docs.

We have also added further depeg protections into our protocol, along with updating the fee calculations for both deposit and withdrawal of liquidity from the MALP. These new features have yet to be added into our docs but will be over the upcoming weeks.

We are on track to finish development this year, then proceed with our audit in January next year and ultimately our public launch in Q1 2024. We are currently figuring out the details regarding our go to market plan, public sale and public launch which will become available as we approach those.

End of our Pre-Token Sale

As the target audience for this sale has been the Splinterlands community, the recent release of Rebellion packs, expansion of lands and overall FOMO into SPS has definitely overshadowed our pre-token sale. Due to this, we have seen less than expected demand for the token. Nonetheless, we appreciate all community members who have purchased the token and with your support, we have been able to continue developing confidently into the new year!

Due to our upcoming public sale, we have decided to end this pre-token sale by the end of December.

Please note the current price of PAQL tokens are approximately $0.10, the public sale price will be $0.125+ and is currently aimed at Q1 2024.

Seed Sale Progress

On a change of note, November has been a great month for our seed sale with one new commitment and a couple other interested parties. Please note at this stage we have only asked friends/warm connections and have not yet floated our pitch deck to the public. We will begin sending out cold email to our leads next year after the holiday season.

Rest assured the funds in our current treasury is enough to push us towards a public launch. However, further funding is currently being raised to enhance our initial marketing efforts, upgrade our UI/UX and potentially pay for an additional audit, along with earmarking funds for future development, unexpected expenses and a legal budget for licensing/regulatory issues should they arise.

Treasury Report

Full report

For More Information

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