Liquidus Token Migration Successful
The Liquidus Foundation announces a migration of the current LIQ token together with our partners. While a lot stays the same, the new token has extended functionality within the Liquidus Foundation ecosystem. We are enhancing security and stability for token holders and future partners.
Furthermore, tokens on other networks stuck with Multichain will be able to be redistributed back in the new LIQ token.
TLDR:
Liquidus is migrating its token to the new LIQ token address on Binance Smart Chain (BSC):
New LIQ: 0x2749C9f2f8568d389BBF61ed77784A43C3cD3E19
Migration Contract: 0xf04e01971b13cf0e920e16c7f9c4270c378a1043
New LIQ 2.0 Tokenomics Keynote
With the Launch of the Liquidus Foundation as our new decentralized powerhouse, we are introducing a new, more powerful version of the LIQ token.
New LIQ Token Contract on BSC
0x2749C9f2f8568d389BBF61ed77784A43C3cD3E19
We are solving our issue with Multichain. Multichain is currently offline. This has resulted in an inability for our community members on ETH, CRONOS, and POLYGON to bridge their LIQ tokens back to BSC. Consequently, the prices on these chains have deviated significantly from the main liquidity on BSC. The gravity of this issue is compounded by the fact that Multichain could potentially access a substantial amount of LIQ tokens.
The new LIQ token will be integrated with the Liquidus Foundation, giving holders access to benefits from all projects under the umbrella of the Liquidus Foundation. Furthermore, the Liquidus Foundation is partly decentralized, allowing holders to steer and benefit from the doings of the company.
We are looking forward to more applications with the integration of the updated Liquidus token.
Introducing the Relaunch of LIQ Token
As a pivotal part of our transition to the Liquidus Foundation and our unwavering commitment to resolving our exposure to Multichain, we are excited to announce the relaunch of the LIQ token.
We have deployed the exact same token contract, with the only difference being a reduction in the total supply. This ensures that our token audit by CertiK and TechRate remains valid. The new tokenomics implies that more than 50% of all LIQ tokens are already on the market, leading to significantly less inflation. Consequently, the new Liquidus token will be rarer and more decentralized by more significant community ownership.
The migration rate for the new token is set at a ratio of 5:1, meaning that 5 Classic LIQ will be equivalent to 1 New LIQ.
The new total supply is 6,500,000 LIQ
Detailed Migration Plan
The migration process (= time to exchange your token) is scheduled to span one year. After this period, it will be impossible to exchange Classic LIQ for New LIQ. A few days after the start of the migration, we will open a new farm for the New LIQ, while the old farm will cease operations on the migration day. Holders of the old LIQ tokens can withdraw them, and the farm pool vesting is set to 0.
For our community members who hold tokens on other chains, we have arranged a process to send their Classic LIQ to the Liquidus deployer address. Afterwards, the New LIQ tokens will be airdropped to the people on the BSC network.
All tokens will be received at once, but there will be several airdrop shuttle dates to accommodate those unable to submit their holdings on the first migration day.
The shuttle dates from ETH, CRONOS, POLYGON are as follows:
- First shuttle: 24 hours after the migration launch date
- Second shuttle: 1 week after launch
- Third shuttle: 1 month after launch
- Fourth shuttle: 3 months after launch
- Fifth shuttle: 12 months after launch
Moving Forward
We are excited to move forward with the Liquidus Foundation and our 2024 vision. We are getting more decentralized and are positioning ourselves well in the ecosystem.
We are confident that this strategic move will not only resolve the current Multichain issue but also strengthen the value and security of the LIQ token.
We are committed to ensuring a smooth transition and will provide all necessary support to our community members during the migration process. Together, we will usher in a new era of enhanced stability, security, and prosperity for the Liquidus ecosystem.
The Liquidus Foundation
