Migration
Last updated
Last updated
Simply put, dev died and there is a fair bit of dead liquidity too. A great need exists for both security and function for the DAO to have complete control of the token contracts especially considering the LayerZero components and desire to have adjustable taxes and fees. The deadline accounts for the dead liquidity. It would be unfair for people who bought in or held and contributed to the success and increase in mcap of the $BOL token to be later undercut by people that would find the old dead liquidity pools (which the DAO has no control of). Such people could buy cheaper older tokens then migrate and bridge those and sell at a higher price for a quick arbitrage at the expense of DAO members. This can not be allowed.
The SHRP to BOL migration ratio will be 1 $SHRP to 19,000 $BOL
This is a hard ratio conversion. No additional tokens have been minted beyond that ratio, meaning there will not be any dilution or shady business. The token supplies can be publicly found on chain and calculated to derive the conversion and migration ratio.