🐳 New GAINS Token Deployment
As most of you know, the multichain.org project recently had to shut down due to a series of security breaches, and its CEO arrest
While the GAINS token itself was not directly affected by the hacks, its ERC20 version is currently stuck within Multichain’s smart contracts, requiring the distribution of a new token through an airdrop 🪂
Here’s a detailed summary of everything you need to know 👇
✔️ Immediate Actions
Warning notice:
Multichain Bridge:
As communicated earlier, the Multichain Bridge no longer works and should not be used. Transferring old or new GAINS tokens via this bridge will result in the irreversible loss of your funds
DEXes:
- 🦄 Uniswap: Liquidity has been temporarily withdrawn from our Uniswap pool
- 🥞 PancakeSwap: Liquidity has been temporarily withdrawn from our PancakeSwap pool
CEXes:
As $GAINS is not listed on any centralized exchange, no additional action was needed
New GAINS Token:
- Ethereum Smart Contract Address: 0x056C1D42Fb1326f57da7f19eBB7dDA4673f1FF55
- BNB Chain Smart Contract Address: 0xf1C3e69494E27bf067C4076a6f244a46446719d6
The total supply of this new token is still capped at 100M $GAINS, and to prevent any confusion, all old tokens held by our team have been burned
A snapshot (screenshot of the blockchain) has been taken at Ethereum block 18140479 / BNB Chain block 31759035 and you will receive the new GAINS tokens at a 1:1 ratio
If you were holding the old $GAINS on Ethereum, you will receive the new $GAINS on Ethereum
Similarly, if you were holding the old $GAINS on BNB Chain, you will receive the new $GAINS on BNB Chain
If your old $GAINS were staked, your new $GAINS will be staked for the same remaining duration
🚨 This airdrop is AN AUTOMATIC PROCESS, and NO FURTHER ACTION ON YOUR PART IS REQUIRED, so please be cautious of scams!
CoinMarketCap and CoinGecko:
- Our CoinMarketCap page has been updated with the new token contracts
- Our CoinGecko page has also been updated with the new token contracts
- All relevant CoinMarketCap and CoinGecko chart history stay unchanged
Etherscan and BscScan:
- A fresh Etherscan page has been created for the new GAINS token
- A fresh BscScan page has also been created for the new GAINS token
❓ Next Steps
- All GAINS holders that are included in the snapshot will receive the airdrop at a 1:1 ratio
- A new GAINS Private staking contract featuring a new early unstaking mechanism audited by Peckshield will be deployed on both Ethereum and BNB Chain
- A new $GAINS bridge in collaboration with ChainPort will go live
- Once the airdrop distribution is over, liquidity will be returned to new Uniswap and PancakeSwap pools, and trading will resume
Given the sensitivity of the situation, GAINS reserves the right to update the above information according to the market requirements, needs, and conditions
GAINS Associates is the World’s First Decentralized VC, allowing anyone who holds $GAINS to invest in the crypto unicorns of tomorrow. With over 6 years of experience and several ultra-high return deals like Avalanche or Quant Network, we are removing the barriers of entry to investing and changing the world, one deal at a time.
GAINS stands for Group Action Is Never Small, embodying the collaborative spirit that is the essence of blockchain and decentralization.
In addition, GAINS provides daily news, articles, video interviews as well as fun & educational events.
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