Dear MUXE Community,
We are excited to announce a significant evolution in our ecosystem. To streamline our operations and strengthen our community asset, the old MUXE Token will be migrated to the new Swap Token. This change is a strategic move to consolidate resources and enhance value for our token holders. Here’s what you need to know:
End of Old MUXE Token: The old MUXE Token will cease to exist. This decision is made to clean up our ecosystem and focus on building a stronger, more unified community banking asset.
Snapshot for Migration: On December 4, 2023, we will take a snapshot of all old MUXE Token holders. This snapshot is crucial to ensure a fair and accurate allocation of the new Swap Tokens.
Allocation of Swap Tokens: Post-snapshot, Swap Tokens will be allocated to a special wallet. Old MUXE Token holders who meet the minimum threshold of 1000 tokens, as per the snapshot, will be eligible to manually request their new Swap Tokens.
Liquidity Pool (LP) Transition: The liquidity from the old MUXE Token (equivalent to 5 BNB) will be transferred to the Swap Token LP. This transfer is expected to significantly increase the value of the Swap Token while effectively nullifying the old MUXE Token’s value.
Burning of Old Tokens: A substantial amount of the old MUXE supply, despite its nearly depleted liquidity, will be paired against a small amount of the Swap Token. This action will lock the majority of the old token inside the liquidity pool, ensuring that any residual transactions will support the Swap ecosystem.
Enhancing Community Value: This migration is more than a token swap; it’s a step towards unifying our community under a single, stronger asset. We believe this move will greatly benefit our token holders and pave the way for a more robust and sustainable ecosystem.
We understand that changes of this magnitude may raise questions. We encourage our community members to reach out for clarifications or assistance during this transition. Our team is committed to making this process as smooth and transparent as possible.
Thank you for your continued support and trust in our journey towards building a stronger community asset.
Warm regards,
The MUXE Team
