As I stated there are some unique issues to migration due to no stop trade function. Here I will detail our approach to these and explain exactly how this road to a stronger future will look.
The obstacle faced is LP. We must migrate the LP pool to v2. Since it is locked, we cannot just move from v1 to v2. Secondly as stated I removed stop trade meaning that I can’t just set a time for everyone to sell if they want to leave, then stop trade and whitelist remaining to send to me. This will mean a different approach to recoup BNB for LP which I will detail as follows.
In addition to all announcements of the process there will be clear graphic representations made as well.
First stage is simple, we raise awareness that we are migrating and allow anyone who wants to sell to do so. This started with announcement of migration and carries on…
Second stage is the start of migration. To tackle our unique problem my plan is this,
Beginning August 28th 5pm UTC
1. Raise tax to maximum effectively halting trade and snapshot all wallets (in this process this snapshot is largely informational).
The maximum tax I can implement is 24% (another investor safety feature), and pop a small buyback to double that to 48%. I WILL NOT be responsible if anyone sells at the increased tax!! I will do everything I can do to raise awareness but will not play games with people trying to scam the project!
2. August 28th 5:30pm UTC: Tax will be returned to 15% and switched to all buyback tax, by now all links for old contract will be removed from all sources except for our website in v1 info to reduce buy mistakes from people who missed awareness campaign. It will be readily available on our webpage just clearly marked as V1.
3. A v2 wallet will be shared to send v1 coins.
4. In this period (from August 28th 5:30pm UTC to August 29th 5pm UTC) v1 EYERA will need to be sent to v2 wallet to migrate. You will still be able to sell but only do so if you DO NOT want to migrate. To migrate you will send to the v2 wallet provided.
5. August 29th 5pm UTC tax returned to maximum effectively halting trade. Snapshot of holders taken. No EYERA v1 purchased after this time will be eligible for v2 migration.
Again, I WILL NOT be responsible if anyone comes and says they sold at increased tax!!
*Steps 6 to 11 will be done as fast as possible not to exceed 8 hours*
6. Buyback will be done with all the collected taxes from the transfers to v2 wallet.
7. V2 wallet will be exempted from taxes and will sell all tokens (this will include all dev and team wallets) to recoup BNB for v2
8. I will inspect remaining supply and allocate BNB (from private sale anti-dump fund) to LP effectively as a placeholder for anyone who missed trade period, this will have a fixed end date (community poll can decide exactly how long but it will be adequate time 14 to 30 days?). In this time if someone who missed v2 migration wants to migrate we will facilitate this in the same method as initial migration and allocate the BNB back to the anti-dump fund. After this period extra tokens can be burned or paired with dump fund BNB for more LP depending on overall migration numbers at this point and state of LP.
9. V2 contract will already have trade halted, and LP will be added here and locked for 1 year.
10. V2 tokens will be airdropped to all v1 holders who sent to v2 wallet. All values will be pre-tax send. Meaning if you send 1 million coins to v2 wallet the fact it taxed you on send is irrelevant, you will receive 1 million v2 coins.
11. Trade started on v2.
Seth T Motta
Note: If you would like to apply to lock migration and send to v2 wallet whitelisted please contact me. This is case by case basis and not everyone will qualify, I must have a certain degree of trust with you. This holds no bonus, just helps me plan.
Note: Right from the start I will let everyone know I will not be removing the stop trade or blacklist from v2. The meme coin functions have already proven to be a project hinderance and I cannot allow this to cause another issue in the future as we grow and expand. The long-term success of this project is our top priority.
Any efforts to scam or manipulate this process will be considered fraudulent.
