BEZOGE has been renamed ZOGI

Welcome to the most thrilling migration event in the world of cryptocurrency! In this medium article, we will take you on an extraordinary journey from Bezoge to Zogi, as we revolutionize and evolve our crypto ecosystem. With a touch of excitement and a splash of fun, we will walk you through the entire migration process, unveiling each step along the way. Let’s dive into the adventure that has just unfolded!

Outline of the Migration Process:

I. Preparing for the Migration: Enhancing the Zogi Wrapper

• Prior to the migration, the Zogi Wrapper underwent a crucial upgrade to accommodate the new features essential for the post-migration phase. As part of this enhancement, an important decision was made to permanently disable the unwrap function. This change ensures a seamless transition and aligns with the overall migration process. The Zogi Wrapper is now ready to facilitate the successful migration from Bezoge to Zogi.

II. Snapshot Time! Capturing Bezoge Holdings for Posterity

• Converting Bezoge to ETH resolved a portion of the liquidity issue. However, this left us with only ETH and no Bezoge/Zogi tokens after the complete swap from Bezoge to ETH. To address this predicament, we captured a snapshot of the Bezoge holdings in the liquidity pool immediately prior to the Bezoge-to-ETH conversion. Subsequently, we minted an equivalent amount of Zogi tokens at a ratio of 1 billion to 1. These newly minted tokens will be utilized to provide liquidity to the Zogi pair.

III. Liquidating Bezoge for Liquidity: A Crucial Step

• To withdraw liquidity from the Bezoge/ETH pool on Uniswap, it was necessary to liquidate all Bezoge tokens held in the Zogi wrapper contract. This action was required because the LP tokens, which granted us the ability to withdraw liquidity, had been burned. Hence, to complete a comprehensive migration to Zogi, the sole option was to exchange all Bezoge tokens in the wrapper contract for ETH.

IV. Boosting Liquidity: Utilizing Minted Zogi for the Zogi Pair

• Once the Bezoge tokens in the wrapper contract were swapped for ETH, we took a snapshot of all holders’ balances. This snapshot was utilized in the updated wrapper contract, which exclusively permits holders to wrap their entire balance. Moreover, the new wrapper contract only enables users to wrap the exact balance they possessed at the moment of the Bezoge-to-ETH conversion. This precaution ensures that holders cannot exploit the new lower Bezoge price by wrapping it into Zogi for quick profits. Consequently, only the Bezoge balance held by each wallet at the time of migration can be wrapped.

V. The New Wrapper Contract: Balances and Wrapping Rules

• The new wrapper contract was updated using the snapshot data and reactivated. It allows holders to wrap their entire balance and only permits wrapping of the exact Bezoge balance held at the time of the migration.

VI. Migration Complete: Embracing the Future with Zogi

• With the migration process concluded, we bid farewell to Bezoge and welcome the era of Zogi. It’s a time of immense excitement as we move forward with Zogi as our primary ecosystem token, bringing enhanced utility and endless possibilities for Zogi holders.