TRANSITION
Token Swap and Transition to the PLYR Chain
Last updated
Token Swap and Transition to the PLYR Chain
Last updated
As part of the transition to the PLYR Chain, there will be a straightforward token swap mechanism for holders of ZOO or vZOO tokens. This process is designed to seamlessly convert existing tokens into the new GAMR tokens on a 1:1 basis.
1:1 Token Swap: For every ZOO or vZOO token deposited into the designated swap pool, an equivalent amount of GAMR will be automatically generated on the PLYR Chain.
Reduction of Circulating Supply: To maintain the value and control the supply of the new GAMR tokens, the ZOO or vZOO tokens used in the swap will be sent to a burn address (often denoted as 0x000). This action permanently removes the swapped tokens from circulation, effectively reducing the total supply and potentially increasing the scarcity and value of GAMR.
Service Launch: The token swap service will be available immediately following the mainnet launch of the PLYR Chain, ensuring that token holders can transition to the new platform without delay.
Access Through Zookeeper.finance: Token holders can access the swap service through the Zookeeper.finance platform. This platform will facilitate the swap process, providing a user-friendly interface for depositing ZOO or vZOO tokens and receiving GAMR tokens.
