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Rejuve(RJV) Token Migration
RejuveBridging & Liquidity Issues (Multichain + Step Network)
Rejuve’s momentum hasn’t slowed, but we’ve faced some challenges, particularly with a bridging protocol called Multichain used during TGE (you can click the link for details on what happened as we’ll spare that here). This unfortunate event in the growing Crypto space resulted in some users having their funds indefinitely trapped in this contract, as well as a significant amount of RJV tokens being inaccessible. Unfortunately, this has also caused liquidity issues on the Step Chain, and the inability to bridge from Step Network to Binance Smart Chain.
The Solution is Here
In order to solve this issue, get to a new cross chain bridge, and remove this vulnerability risk of ~131M tokens locked in this contract, RejuveAI in collaboration with SingularityDAO will be conducting a migration of the RJV token contract. This solution will consist of progressively burning tokens from the old contract and re-issuing them via a new, identical contract. The total supply will remain the same, and the token migration will be 1:1. This Migration Event will continue through the duration of the vesting period (until March 2025). This event will commence in November 2023. We will communicate the exact date in the coming days.
New Token ID for $RJV:
0xa1f410f13B6007fCa76833ee7eb58478D47Bc5Ef (ETH)
0x602B6C6ccE5F95c00603bd07D8fA7EbAF3747D44 (BSC)
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