WHAT YOU NEED TO KNOW
$KNDX Token Migration
The time has come for the $KNDX token migration to a new contract. The project has been exploding on the scene these past weeks and as we relaunch the Kondux we are confident the momentum will continue to build!
We have some important changes to announce to all the current holders and new investors. To prevent any confusion please read this document in its entirety and tune into our live Twitter Space to learn about how the changes will benefit the project and $KNDX holders.
We will be moving away from the unneeded overly large 10,000,000,000,000 $KNDX supply, and will be reducing this to a 1,000,000,000 $KNDX supply. Psychologically this change will present an easier to understand token value and will make calculations for investors much more streamlined. We all like cleaner charts, and this will definitely help!
To facilitate this change, we will be dividing all token amounts by 10,000. This means, if you were previously holding $KNDX, you will be receiving less tokens.
!! THIS DOES NOT MEAN THAT THE COMBINED VALUE OF YOUR TOKENS WILL CHANGE !!
As an example, if prior to the Team Finance exploit you were holding 30,000,000,000 (30bn) $KNDX tokens valued in the neighborhood of $30,000 USD. After the contract migration you will be airdropped 3,000,000 (3m) KNDX tokens. The tokens will remain valued at approximately $30,000. If we take the price of 1 KNDX token pre-exploit to be roughly $0.00001, post-migration 1 $KNDX token would be priced near $0.01.
!! YOU RECEIVE LESS TOKENS BUT THE TOKENS YOU DO RECEIVE ARE MORE VALUABLE, MEANING THE OVERALL VALUE OF YOUR HOLDINGS DOES NOT CHANGE!!
To receive this airdrop, you do not need to do anything. All previous holders will receive their share of the new supply straight into their wallets. When we announce a contract address, you can use that to add a new token to your wallet, and your new $KNDX holdings will be displayed.
The token migration proceedings will begin at 1pm CST/8pm CET. New KNDX tokens will be minted, and then will begin to be airdropped to previous holders. During this time the Kondux development team will be completing all the necessary safety checks and will be carefully migrating to the new contract.
$KNDX and $ETH will be added into a new liquidity pool on Uniswap. At this time, trading will NOT be available. Team will be double checking that everything has gone smoothly and to plan. This is not our first migration, so we are confident this will go off without a hitch.
At 3pm CST/10pm CET the dev team will unpause trading, and the new $KNDX token will become available to trade for everyone. As the contract function is called to allow trading to resume, we will make an announcement and publish the new contract address across all of our channels simultaneously.
All announcements will be made on Twitter, Discord, Telegram & Website. Please share with your own community and spread the word about what the project is building. We are stronger everyday and it is because of people like you who believe in a Web3 build for everyone accessible to all. Making the future 3D is going to be amazing ride and we want everybody to jump aboard the mothership as we take off together!
We look forward to resuming our journey with all of you, and starting the new chapter with you all as we continue to drive towards our goals!