26 Sep Moria Token is Getting an Upgrade!
As we look ahead for the Moria Token (MOR), we evaluated the token holders interaction with the smart contract, the resources the Ethereum blockchain provides; as a result we have made a few upgrades to the Moria Token.
The improved Moria Token (MOR) contract utilizes more efficient code for calculating royalty payments and in doing so reduces the gas cost of calling the contract for users and now supports an indefinite amount of future payments.
The new Moria Token (MOR) smart contract distributes the royalty payments owed to the token holders in a decentralized/distributed manner. This new, audited token completely eliminates the risk of human error during the royalty payout process by relying on transparent, open source and immutable smart contracts on top of the Ethereum blockchain.
The contract now offers a fully decentralized payment and distribution mechanism; once royalties are paid into the contract a user can claim their share at any point in the future regardless of the actions of the contract owner or other users.
The new contract code is fully compliant with the latest Solidity language specification and conventions and is now contains an on-chain upgrade path designed to support applicable future advances in the Ethereum ecosystem.
The Moria Token upgrade will commence on Thursday 8/16/2018. Once this process has completed, an updated smart contract address and instructions on how to update your wallets will be available via the website, email and social media outlets.