BonusBlock is thrilled to announce the successful completion of the token migration process. This migration marks a significant milestone for BonusBlock and its community, ensuring enhanced security and opportunities for all token holders. In this article, we'll delve into the details of the migration, the reasons behind it, and what it means for you as a Bonus token holder.
Reason for Migration:
The decision to migrate the Bonus token to a new contract was prompted by recent exploits on Hedgey Finance. To safeguard the interests of our community and strengthen the integrity of the Bonus ecosystem, we deemed it necessary to transition to a more secure environment. By migrating from the Arbitrum chain to the Base chain, BonusBlock aims to mitigate potential risks and lay a robust foundation for future growth.
Key Details:
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New Contract Address: The Bonus token now resides at the contract address 0xFe7c0AF60e52dDf05C0F5F89CBf89758a45F6928 on the Base chain. This migration ensures seamless compatibility with the Base chain infrastructure and offers enhanced security features for token holders.
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Airdrop Details: The migration process involved two airdrop batches. The first batch was already distributed, with the second batch scheduled for May 8-9. This ensures that all Bonus token holders receive their tokens in a fair and timely manner.
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Exchange Token Distribution: Platforms such as Bybit and Gate.io will distribute the Bonus tokens to holders at a 1:1 ratio. Holders need not take any action to receive their tokens, as the distribution process will be handled automatically by the exchanges.
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On-Chain Marketplace Update: The on-chain Marketplace smart contracts have been updated to the Base chain, allowing users to stake and participate in new projects seamlessly. This update enhances the functionality of the Bonus ecosystem and opens up exciting opportunities for token holders.
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Special Offer: To compensate for any inconvenience caused during the migration process, BonusBlock is offering a special reward for users staking a minimum of $75 worth of Bonus tokens on the on-chain marketplace. This offer is valid from May 8th to June 12th, 2024.
Conclusion:
The completion of the token migration process represents a significant milestone for BonusBlock and its community. By prioritizing security, transparency, and user experience, BonusBlock aims to create a robust ecosystem that empowers its users and drives innovation in the blockchain space. We extend our heartfelt gratitude to our community for their unwavering support and understanding throughout this process. Stay tuned for more updates and developments as we continue to elevate the Bonus experience for all stakeholders.
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