Sheesha Finance Distribution Update
We would like to announce that we have fully transitioned to the changes outlined in our Business Enhancement Part 2 update in July, which will begin with a native SHEESHA token distribution.
In order to distribute the value from partner projects to all community members, we will now roll out this final distribution in native SHEESHA, which will be fully completed by September 30th.
We are aware of the numerous delays regarding the distribution of partner project tokens, for which we offer our sincere apologies. During this time, we have listened to your feedback on many aspects of the business.
As a result, we plan to roll out more AMAs with our Founder & CEO, Saeed Al Darmaki & other key management so that the community has the opportunity to ask direct questions and receive regular business updates.
We are actively exploring ways to bring more utility to SHEESHA as this is key to driving long term value.
Driving long-term value in SHEESHA comes hand in hand with our Business Enhancement by:
· Maximizing value from investment through expert Market Makers
· Dramatically reducing friction for the community
· Eliminating obstacles created by cross-chain projects
· Minimizing technical bugs
· Streamlining value distribution to our community
· Bringing larger value accrual for Sheesha Finance as a business
Sheesha Token Distribution
We have commenced partner token liquidations and will distribute equivalent rewards to the community based on the value of native SHEESHA.
This liquidation has been timed according to the market conditions, to achieve optimal value for all community members.
The distribution will be made in native SHEESHA tokens at the equivalent value of partner tokens in USDT at the time of the liquidation and will take place across all chains on which SHEESHA tokens exist, according to the chain on which the partner project operates. For example, if you were to receive partner tokens on Polygon, then you will receive $mSHEESHA on Polygon.
This distribution will be done via an airdrop and will involve no gas fees, which means all members will save time and money when compared with the previous model where rewards were claimed individually. This feature will be to the benefit of all community members, particularly those who are only claiming a small number of tokens. The distribution will be swift and frictionless.
We are also in the process of reconfiguring the Dashboard to align with Business Enhancement.
As mentioned in our Business Enhancement Part 2 we expect the value of SHEESHA to trend upwards even in poor market conditions based on these recent changes.
Upcoming AMA with our CEO
Our Founder & CEO Saeed Al Darmaki will convene an AMA within the coming few weeks to give the community a chance to ask direct questions related to the Business Enhancement.
Supporting the Community
Together we will build a foundation that will benefit all users. Both the Sheesha Finance community and the prosperity of the business will always remain our top priorities.
We value your feedback and involvement.
The SHEESHA airdrop will be announced soon. Please look out for our next announcement.
Thank you all,
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.