We have some exciting news to share with you! On September 17th, 2023, at 3 PM EST (Approximately at Block Number: 31831430), DVDX is set to embark on a journey toward enhanced scalability and efficiency by migrating to the Arbitrum network. This token migration promises to bring a more seamless and optimized experience for users while maintaining the value and integrity of the DVDX ecosystem.
Why the Migration?
As blockchain technology evolves, the need for increased efficiency and scalability becomes ever more pressing. By migrating DVDX from the Binance Chain to the Arbitrum network, we aim to provide users with faster transaction speeds, lower fees, and an overall improved experience. This migration is a strategic move that ensures DVDX remains at the forefront of technological advancements in the blockchain space.
What You Need to Know
The migration process has been designed to be hassle-free for our community of token holders. Here’s what you need to know:
Migration Date and Time: September 17th, 2023, at 3 PM EST
Snapshot and Airdrop: No action is required on your part! A snapshot of balances on the BSC chain will be taken at the exact migration time. Subsequently, an airdrop will be executed, automatically transferring the equivalent amount of DVDX to the same address on the Arbitrum network.
No Loss of Funds or Value: Rest assured that the value and quantity of your DVDX holdings will remain unaffected. The migration process is designed to seamlessly preserve the integrity of the ecosystem and your investment.
Ensuring a Smooth Transition: Our team is dedicated to ensuring a seamless transition for all users. We have rigorously tested the migration process to minimize any disruptions and guarantee the utmost security of your assets.
Liquidity will be removed from DEX at least 2 hours in advance to halt any trading during the migration. Users are advised to remove. any liquidity at least 12 hours before scheduled migration and they should hold the DVDX token in their personal wallet and avoid transacting tokens during this time.
Once the migration is complete, fresh liquidity will be added on Arbitrum to allow trading on Arbitrum chain.
As a token holder, you don’t need to take any action. Simply mark your calendar for September 17th, 2023, at 3 PM EST, and watch as your address in arbitrum for the new tokens to be airdropped. This migration is an exciting step forward that marks our commitment to providing you with an enhanced and efficient blockchain experience.
Thank you for being part of our journey.
About Derived Finance
Derived is a Decentralized platform giving users access to trade Stocks, Commodities, Forex, or Crypto on a single platform. Derived offers several unique features such as No slippage DEX, Leveraged minting, Hybrid tokens, and Binary options.