Sheesha Finance Business Enhancement Part 2
A New Way Forward
After extensive discussions, both with the Sheesha team and with our partners, we are excited to announce major updates to our business strategy.
At Sheesha Finance we pride ourselves on being resilient, adaptable and on maintaining a keen understanding of the crypto markets.
Working closely with our strategic partners and community, we have updated our token distribution strategy. We believe the updated strategy addresses the current challenging market conditions head-on whilst bringing significant value to our entire ecosystem.
These updates will allow the $SHEESHA token to better represent the emerging value of the entire Sheesha Finance ecosystem.
Partner Communication, Testing & Implementation
Due to recent market conditions, many of our early-stage partners are delaying token distributions until market conditions improve.
Through extensive testing, the team and leadership have concluded that the following changes will have a very positive impact for the SHEESHA ecosystem. These tests have produced favourable results, with the $SHEESHA token value appreciating by 30%.
The updated strategy will be as follows:
- Liquidating partner tokens rather than distributing them
- Reinvesting the proceeds back into the SHEESHA ecosystem
With the current market action and resulting demand shortages, this approach will bring many benefits to the whole ecosystem.
This process will now be extended to all partners distributing on all chains.
Many Tokens in One
From now on, native $SHEESHA will directly represent each one of our 70 (and counting) partner projects.
All token distributions received from our partners will be reinvested into $SHEESHA at key intervals, helping to keep liquidity levels in equilibrium and bringing the price of $SHEESHA closer to its true value: that is, a single value that represents all project partners and their tokens.
After extensive testing, token price was observed to stabilise and to outperform the wider market by a significant degree. During the same period, we saw tokens in the wider crypto market decrease in value across the board. The consequence for the price of Sheesha tokens has been clear. Between June 19th and July 15th $eSHEEHSA saw a price increase of 44%, $bSHEESHA saw an increase of 16% and $mSHEESHA an increase of 15%, performing very strongly versus the overall market across that period.
The upcoming changes will include halting all current token distributions from all partners and reinvesting these instead into the Sheesha ecosystem. We will also be announcing changes to the Sheesha Dashboard system shortly.
We will of course keep everyone in the community closely updated regularly with the details of all future actions that take place as part of this updated business strategy.
We are excited at the benefits that these updates will bring for the whole community and will be updating you regularly on $SHEESHA performance in the wake of these changes.
For our early-stage partners, price action can make or break their ability to innovate and produce blockchain services.
The benefits of halting distributions and liquidating / reinvesting into $SHEESHA will be felt throughout the entire Sheesha Finance ecosystem, from our partners to individual community members.
Let’s look over ten key expected benefits of this action in more detail.
- Price Action: Token holders should see an improvement in price action and greater long-term return on their initial investments.
- Partners Protection: Token supply for partners will be protected as part of our incubation service, lessening the adverse impact of any sell pressure coming from broader market conditions.
- Value Capture: Native $SHEESHA will capture the value for each one of our distributing partners as we utilise a more agile supply & demand mechanism.
- Community Protection: This action should shield the Sheesha community from some of the worst impact of downturns in the market (see below).
- Enhanced Expert Input: With enhanced input from Sheesha Finance expert analysts, liquidations and reinvestments of partner tokens will be timed to the market, resulting in improved price action.
- Simpler Reward Access: Members will have direct access to rewards simply through holding $SHEESHA.
- Fewer Fees: Community members will have fewer transactions and pay fewer gas fees since all rewards will be paid in $SHEESHA.
- Enhanced Resilience: This updated methodology should provide agility to withstand bear-market conditions as well as in more favourable bull-market conditions to come.
- Improved Performance: We expect enhanced overall performance for the $SHEESHA token itself.
- Working Harder for You: These changes should allow your $SHEESHA to work even harder for you 24/7, while you go about your life!
Through capturing the value of our whole project portfolio in a single token, we aim to smooth the way forward for future growth, both for our partners and for everyone in our community.
Community is at the Heart of Sheesha
At Sheesha Finance we always strive to continually improve our business model and operations, supporting our partner projects as they develop.
We hold transparency to be of the highest importance here at Sheesha Finance. As always, we will continue to speak openly and connect extensively with our members on these recent changes, and to answer any related questions.
We appreciate every person in this community and look forward to receiving your feedback. If you have any questions whatsoever, please join our community Telegram channel and we’ll be glad to answer them directly.
Why Stake with Sheesha?
Sheesha Finance is a leading DeFi Staking Platform. We provide benefits from a premium, diversified cryptocurrency portfolio, with a staking platform that rewards investors of any size, from small to large ticket holders.
We have built an Investment and Incubation platform, Sheesha Foundry, with an extensive network of partners who are thought leaders in the crypto space. This allows us to consistently discover promising projects in their early stages.
Our easily convertible assets can be used to maximise rewards and gain exposure to existing and upcoming DeFi projects. With plans to become a member-managed Decentralised Autonomous Organisation (DAO), Sheesha Finance is dedicated to upholding full transparency and integrity within the DeFi space.