1 Old DYP = 6 New DYP for ERC holders
Let’s say if I have 1000 old DYP on ether, it’s gonna be 6000 new DYP. Which will be worth now 1000 old DYP = “1000*.43”= $430 if I have the token right now in Coinbase. 6000 new dyp = “6000*0.043”= $260. Which is a loss of appx -$190 Let’s now if I have it in BNB chain or avax where it is 1:1 If I had 1000 old token in bnb chain it will equal now: “1000*0.43”=$430. And If did the migration it will the same amount of new token “1000*0.043”= $43 Causing a loss of $387. Am I correct in my calculation? If yes, who come up with this idea?
What you are saying right now is 100% irrelevant. The snapshot took place during a period based on a governance proposal. What happens after that with the price of DYPv1 or DYPv2 is related to the market and other factors. The swap ratio was decided based on the governance proposal and snapshot!
I have already provided you infos on why the swap ratio was fixed to 6X for ERC and 1X for BSC pls re read my explanation and also the medium article explaining the situation https://t.me/dypius/339532
Team must hold an AMA here and gets sorted everything with Dypius community asap thanks 👍
Thanks for your suggestion 👍🏻
It's not good that people are in either fear about the token upgrades or in confusion of why coinbase is still trading v1 as migration has started 1 month ago its been so much time now ,and I think team must gives a clarification regarding rest of the token migration swap either to done 100% asap or rest burn 🔥
technically were still in the same situation
Before coming up with information like 'migration has started 1 month ago its been so much time now' you should DYOR. Most of the projects that migrated from Coinbase have been supported after 1 year or even more. I am not saying that this is going to happen with Dypius, but I am providing some information (not related to the team, just my opinion) based on my personal research. The migration is going well, with almost 70% (including KuCoin) of the tokens already migrated. So, in 1 month a lot of things happened, way faster than expected. At the end of the day, every user should DYOR and decide if they want to buy DYPv1 or DYPv2. So, before coming here with all these affirmations, DYOR first!
100% so many questions being asked that can be found by DYOR
Who is traded DYP1 right now? Where is the token we migrated are going?
DYP V1 is being traded on Coinbase DYP V2 available on Kucoin, HTX, MEXC and Gate https://dypius.com/buyDYP
Why you migrate if DYP1 is still traded??? This my question. I have gone through the article and you are telling me because there is a peg you did the migration?
As stated DYP V1 is only tradable on Coinbase rn, on DEX team removed the liquidity from DYP V1
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