Volt Inu released the VOLT token in December 2021 on Ethereum and Binance Smart Chain (BSC). Then, the total supply of tokens across both networks was 69,000,000,000,000,000,000,000 units.
Now, the developers have chosen to migrate the protocol to a new smart contract to accelerate its growth. Volt Inu is already working on the process with an experienced but unnamed partner. The migration should start in the first week of April when the team will also reveal the partner's name.
The migration will divide the current VOLT supply by 1 billion. However, the users' holdings will maintain the same USD value and market cap. Also, the process consists of a tax-free transaction sending the users' VOLT V1 tokens to the migration address. Then, they will automatically go back as VOLT V2 tokens to their wallets.
The holders missing this migration period will have to wait up to one month to receive their VOLT V2 tokens. The team will have to manually check and approve their transactions, explaining the lengthy waiting time. Furthermore, those buying VOLT V1 after migration ends will not be able to convert them into VOLT V2 tokens.
Lastly, VOLT trades on Uniswap and PancakeSwap will not pause during migration. The only exception will be 1-2 hours at the end of the migration period.
Volt Inu Migration Benefits and Features
The primary reason for migrating to a new contract is the token's present excess of decimals (19). Having such a long price creates technical difficulties on CEX...
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