<aside> 💡 This Q&A page answers the common questions asked by the community regarding token migration.
Further details are provided in the following documents.
Migration Instructions: https://nsfwapp.notion.site/Migration-Instructions-b0b388178d4f41b4ae4990c2376ebbb9
Migration Explainer:
New NSFW Token Tokenomics
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Q. What are the key migration steps, how long after I migrate can I can claim & start trading my new NSFW tokens?
A. See the Migration Explainer page
https://www.notion.so/nsfwapp/NSFW-Migration-Explainer-412b7ad45bb146e6aa488ada8dde8c57
Q. Why are we migrating to a new Token?
A. Given a short project runway, where the current Crypto market downturn does not help, a new token allows for additional capital formation (allow for additional funding to extend the project runway), with the additional benefit of an alternative reward system for creators & token stakers/lockers. See the Townhall meeting minutes for more details:
https://www.notion.so/nsfwapp/DAO-Weekly-32ec5f69de534687a901dbfbf3e16a67
The community voted successfully to endorse and support the migration, voting results here:
https://snapshot.org/#/nsfwgov.eth/proposal/0x3ef115388b04efba874a4f4d271c4d130c0f848364919bc3356473c2861dadf0
Q. We recently built an INTI bridge, to coexist with BSC PRT - why do we need yet another token?
A. The INTI bridge and token were designed and developed at a time in the project where funding was healthy (before the recent major Crypto market downturn) and before the project transitioned to a DAO. As we know, there are utility challenges using PRT, which INTI aimed to solve using in-app white listing (but this is practically challenging given the associated ETH gas fees). Read the prior question for a full understanding why a new token and tokenomics are needed.
Q. What is the new token called, which blockchain?
A. The DAO community vote determined the new token name to be NSFW. Details of the vote here:
https://snapshot.org/#/nsfwgov.eth/proposal/0xec128c4e94fb5653a725a7ef43554caba3b35f68b6c8acf17542f5ea4ad3772e
The new NSFW ERC20 standard token will be deployed to the Polygon layer 2 blockchain.