Will current COTI automatically convert to v2 when it's done?

Whats gonna happen current treasury lock ups especially erc-20 which is still locked for a long time? Are they gonna transfit automatically and are they gonna get share from campaign?

0

9 месяцев назад

Ben G | COTI | Will never DM you first!

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Whats gonna happen current treasury lock ups espec...

Yes, the treasury would be migrated automatically. We're yet to release full details about the migration plan, please stay tuned for updates.

0

9 месяцев назад

Ben G | COTI | Will never DM you first! · Accepted Answer

We intend to launch a dedicated campaign in which $COTI holders, both native and ERC20, will be allowed to swap their tokens in advance, receiving an additional reward of the new COTI V2 tokens upon launch of the COTI V2 mainnet. Once launched, the one-way migration from COTI V1 tokens to COTI V2 tokens will be done at a 1:1 ratio. Until the swapping phase is completed for users, merchants and apps - COTI will preserve both V1 and V2 mainets. This is roughly how it was done with the ETH2.0 merge. In any case it won’t be mandatory to participate in the campaign and people will be able to hold their COTI V1 native coins until COTI V2 mainnet is launched and then migrate to the new network using COTI Bridge.

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Will current COTI automatically convert to v2 when it's done?

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