SIX Network Update: Token Migration from BSC to ERC-20
📦SIX Network Update: Token Migration from Binance Smart Chain (BNB) to ERC-20 to Optimize the Efficiency and Liquidity
SIX Network is taking a significant step to optimize the efficiency and liquidity of SIX Token by transitioning the supply on SIX Bridge from Binance Smart Chain (BNB) to the ERC-20 network. This decision aligns with our commitment to improving usability, enhancing liquidity, and supporting sustainable tokenomics for the long-term growth of SIX Token.
As part of this migration, we have initiated a token burn event on the BNB Chain and mint the same amount of token on ERC-20 network. This will pave the way for a streamlined ERC-20 ecosystem, making SIX more accessible and efficient across decentralized exchanges and platforms.
Migration Details
Test Burned on BNB Chain: 10,000 SIX
Tx: https://bscscan.com/tx/0x66a47ccc112a4c86bc59f379b04d1c96d4f7f693c3abf2bff8ffdb9d0ec1e077
Burned on BNB Chain: 19,990,000 SIX
Tx: https://bscscan.com/tx/0xa3c361907b12a1802449e11088c991f7e29022bf6829a1b57825c1f9e12ddd49
Total Minted on ERC-20: 20,000,000 SIX
Tx: https://etherscan.io/tx/0xbedd8cf6d48fb9918b539ef2e205785c9433937f357d247d45b9ea12dfbf3fab
Date: December 13, 2024
Objective: Improve liquidity, and enhance the overall utility of SIX Token within the ERC-20 ecosystem.
Stay tuned for more updates as we continue building a stronger and more efficient SIX Network ecosystem.
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Note:
1. This announcement is intended for informational purposes only. Please conduct your own research before making any investment decisions related to cryptocurrencies or Token listings.
2. Cryptocurrency and digital Token involve high risk; investors may lose all investment money and should study information carefully and make investments according to their own risk profile.
