New Mozart, who dis?

Dear Symphonists,

First of all we want to say a big thank you to you all for your patience and for bearing with us while we dealt with the various difficulties, as you all know we had an unfortunate event on 5th of April. The whole situation was explained in our previous Medium articles (First statement, Second statement). As of now, the exploit is being investigated by the Binance’s security team.

In the meantime, our team has actively worked on processing the collected data from PIANO investors for the MELODY airdrop, we have rebranded the project and are preparing for the MELODY token contract launch.

Two steps forward, one step back

The genius we named our project after didn’t finish his last masterpiece (‘Requiem Mass In D Minor’). We will finish ours.

As we said in our previous Medium article, we will not let one person with bad intentions stop the momentum of 4,000 people. We are ambitious about this project more than ever with innovative ideas, desire and willingness to work, new and reliable dev team and probably the best community in the BSC space. We are more than ready to build something big. Really big.

MELODY for our ears

Investor safety and project longevity is the key feature we had in mind while building MELODY and that’s why we want to introduce you to those features in this article:

• Liquidity Locks — locking the Liquidity Pool of the MELODY token ensures that the liquidity cannot be “pulled”. Additionally, locking MELODY gives investors confidence that the Mozart team will not sell tokens onto the market.
• Investor Transparency and Security — Investors demand fast and reliable information to make decisions on which coins to purchase. Mozart will be using a system from Cryptex.
• Burn Functionality Insurance System (BFIS) — in the unlikely situation that a rug pull or other malicious event occurs, a burn function will be activated and MOZART tokens locked for a period of time. The utility of the burn function is that it preserves the value of tokens, incentivizing the maintenance of investments during a catastrophic event such as a rug pull or a contract hack. The effects of a supply inflation or hack are mitigated by burning the pool supply until a value approximate to the pre-attack value of the coins is established, and to also disincentivize the attacker to dump the tokens on the market immediately, buying more time for forensics.

You can read about MELODY tokenomics here.

A shout-out to our lovely community

We have to tell you one thing — we are amazed with the support and understanding we got from our community. All this would not have been possible without you and we have realized that the family of Symphonists is here to stay and is ready to launch a Musical NFT Marketplace into the world.

And we will do it together.

Stay classy.