View moreIn the transformative journey of the WSG token migration, understanding the swap ratio is pivotal for all stakeholders involved. This article aims to demystify the swap ratio applied in the migration process, ensuring clarity and transparency for our community members.
The Essence of the Swap Ratio
The swap ratio mentioned in our previous communications refers to the reduction in the total supply of the WSG token, transitioning from a staggering 1000 trillion (T) to a more manageable and market-friendly 500 million (M). This adjustment is a strategic move to enhance the token’s marketability and value proposition.
User-Centric Swap Ratio: 1:3612287.00367538
For our users, the swap ratio has been meticulously calculated at 1:3612287.00367538. This ratio is derived from the comprehensive evaluation of the total amount of tokens entering the migration process. This includes:
- Tokens directly transferred to us by users
- Tokens in our locked staking pools
- Tokens previously held on the MEXC exchange
Collectively, these tokens amounted to approximately 270 trillion (T), necessitating a conversion into the new token’s allocated supply for the airdrop, set at 75 million (M). This newly defined supply will constitute the circulating supply outside of the liquidity tokens designated for our upcoming Decentralized Exchange (DEX) on Arbitrum.
TOTAL (OLD) WSG = 270,921,525,275,653.00
AIRDROP (NEW) WSG = 75,000,000.00RATIO = 1:3612287.00367538 (NEW:OLD)
Equity and Fairness in the Migration
It’s crucial to highlight that this swap ratio ensures all migrating holders retain the same percentage of the circulating supply post-migration. This equitable approach underscores our commitment to fairness, ensuring no disparity among users participating in the migration.
Price Versus Value in the Swap Ratio
Understanding the distinction between the swap ratio and the token’s price is essential. The swap ratio does not correlate with the token’s market price. Instead, the valuation for the swap is meticulously calculated to preserve the use value of a user’s holdings, pre- and post-migration. This method guarantees that the intrinsic value of investments remains consistent, safeguarding our community’s assets through this transition.
Real-World Examples
To illustrate the practical impact of the swap ratio, let’s examine the pre- and post-migration scenarios of a holder:
Example: Old Holder
- Old Balance: 430,707,976,459.28
- Old USD Value: $990.63
- New Balance: 119,234.15
- New USD Value: $990.63
This example demonstrates the meticulous care taken to ensure that the value of holdings is preserved across the migration, reflecting our dedication to maintaining the economic integrity of our users’ investments.
Vesting Schedule Overview
The vesting of the new WSG tokens will be conducted in a manner that ensures equity and fairness for all migrating holders & stabilizes the impact at launch. Here’s a detailed look at the vesting schedule:
- Initial Release: Upon the Token Generation Event (TGE), 20% of the airdropped new WSG tokens will be made available to the holders.
- Linear Vesting: The remaining 80% of the airdropped tokens will be vested linearly over 6 weeks. This means that participants will receive an equal portion of their remaining tokens each week (at the exact time when the token was launched), ensuring a steady supply of new tokens into the market and preventing any abrupt price fluctuations.
Specific Vesting Details
- MEXC Participants: Holders whose tokens were on MEXC will have their new WSG tokens distributed according to the above vesting schedule directly within their MEXC accounts. MEXC will facilitate the distribution process, ensuring a seamless transition for these users.
- Direct Depositors: Users who sent their WSG tokens directly to the designated migration address will be able to track the remaining amount and claim their new tokens (will receive their new tokens in the wallet address they used for the deposit). The vesting schedule will be automatically applied, with tokens distributed weekly after the TGE.
- Locked Pool Stakers: Stakers will have their staked token automatically migrated as per the new ratio into the new single asset WSG locked staking pool on Arbitrum. All of the participants have their tokens locked for a minimum of 2 weeks and a maximum of 3 months. The participants can decide to prolong their locking period (in the same manner as in the old pool) after the initial locking period has ended.
Conclusion
The WSG token migration represents not just a technical upgrade but a strategic enhancement of our token’s ecosystem. By understanding the swap ratio and its implications, stakeholders can confidently navigate this transition, assured in the knowledge that their interests are protected and valued.
As we move forward, our team remains committed to transparency, equity, and the continued growth of the WSG community. We thank you for your trust and support as we embark on this exciting new chapter together.
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