Galaxy Heroes Coin (GHC) Token Migration

Galaxy Heroes Coin Mar 18, 2022 06:42:11

What you need to know about V2

Every problem has a solution:

At Galaxy Heroes (GHC), it’s always important to the team for the community to understand as much as possible regarding the project’s goals and progress, as well as why these decisions are made. In regards to the development and implementation of the new smart contract, the V2 model was designed to fix the types of imbalances, vulnerabilities and growth inhibitors that stood out to the team after the previous damage to the project had taken place. Resolving and preventing these types of issues from happening again became a priority, as well as ensuring the most economic model could be developed to promote future growth.

Every solution has details:

After much deliberation between the new and veteran members of the GHC team, the following token distribution model was decided upon:

Total supply reduced from 1000 Trillion to 700 Trillion
Original burn wallet cancelled (tokens reverted)
Reduced transaction tax from 9% to 5% (2% LP + 3% Marketing)
Holders 2:1 Token Swap
Dev 1:1 Token Swap

This model guarantees that GHC developers have enough tokens to bolster and foster growth for the project, but most importantly to benefit the community in both the short and long term. Examples of the reasoning for this conclusion are as follows:

Listing on more major exchanges (requires large amounts of tokens for market making)
Supply liquidity for multiple cross chains (starting from CRO which will happen in the near future)
Providing liquidity for the new staking farm and reward pool plus new utility token (tradable)
Preparing for the new game that is currently in development
Reduces major shake ups of the price in the event of whales dumping

VERY IMPORTANT DETAILS:

GHC V1 LP Closure: Friday 1am UTC, 18 March 2022
GHC V1 to V2 Migration: Starting Friday 1am UTC, 18 March 2022(No ending deadline until further notice)
- On-chain holders can migrate all tokens from V1 to V2 by connecting your wallet to this dapp and following the instructions on the page. https://galaxyheroescoin.com/migration
GHC V2 Launch for Trading: Sat 1am UTC, 19 March 2022
GHC V2 Smart Contract Details:
- Address (BSC BEP-20): 0x22de16487955ae1f842fa0c0bff6083a7fdefedd
- Name: Galaxy Heroes
- Ticker: GHC

Starting March 14th at 12am, the dev team began taking snapshots of all on-chain wallet token positions. Consistent reminders for the community to unstake all tokens and remove them from the liquidity pool began weeks prior, with a last call given the day before snapshots began. This is required to ensure all holders tokens will successfully migrate from GHC V1 to V2.

If your tokens are in an exchange…

No actions are required for GHC holders on our listed exchanges (CEX)!!! You should receive notifications from your CEX for any relevant information regarding your GHC spot holdings during this smart contract migration period.