JELLY CO. RECAP

JELLY J DAO UPDATES

Gamerooms

The Gameroom burn process has now concluded. Participants who burned their Gamerooms will receive the burned Gameroom back to the same wallet from which it was sent! Please allow approximately 48 - 72 hours for this process to complete. Congratulations to everyone who chose to burn... more details will be provided soon!

Dawgs

Phase 1 for the Dawgs has arrived. Dawgs will now operate as an independent entity. As part of this transition, the team will appoint a dedicated project lead for the Dawgs, and the project will receive venture capital funding from Carlos. Dawgs will have the opportunity to benefit from revenue sharing, significant prizes, and mechanics.raid-to-earn More information regarding these utilities will be provided in the near future.

$JELLY

$JELLY buybacks have been occurring over the past two days, which is why we are witnessing significant positive price movement. This trend will persist as JellyDrops' funds and royalties are utilized. Gambulls profits will also be allocated to $JELLY at a later stage.

Staking

Make sure to unstake your rascals and claim your $JELLY from the old staking platform if you haven't done so already. Today, May 7th, is the final day for claiming your $JELLY on the old staking platform.

New platform: https://jellyco.vercel.app/ staking/rascals

Royalties

Rascals have been switched back to a 5% royalty structure. The decision to switch to pNFTs and enforce royalties was made as a countermeasure against the bots operating on our platform. As the price rises, it increasinglybecomeschallenging for them to operate within the narrow margins they currently have, ultimately leading them to diminish over time. Regarding the royalties, 75% of the collected royalties will be utilized for buying back $JELLY from the market, while the remaining 25% will be allocated for reflections.

Office

The Jelly team has successfully relocated to our new office! With a dedicated space that accommodates five fulltime in-house developers, a stream room, podcast room, editors' space, and a conference room. With these upgrades, things just got ten times more serious!

Big roulette win: Huge wins on Dragon Hero: Gambulls streamers to follow: