Save Planet Earth V2 Migration Begun, Users are advised to migrate before November 1, 2021
October 9th, 2021, Save Planet Earth released the first details about why the
community should consider migration to a new token. They have conducted a poll, and the sentiment is enormously in favor of moving forward and migrating.
Save Planet Earth current contract is very limiting for a variety of reasons. As was considered common practice 6 months ago, they renounced ownership of the smart contract and locked liquidity for several years directly after the launch. This presented $SPE as a secure option for new investors and resulted in a large amount of initial investment.
However, shortly after its launch, Pancakeswap released a surprise update to v2
rendering v1 all but obsolete. Pancakeswap v1 is still very much active but there will no
longer be support, and more and more every day that passes investors are having
trouble buying $SPE.
Since they have locked liquidity, they cannot simply transfer liquidity from this token to
another without performing a migration. The process is simple, all $SPE holders have
to do is perform a simple swap on a native web3 app. This will all be explained in
detail, all everyone needs to know right now is that the process is exponentially simpler
than performing a simple swap on Pancakeswap, so there’s absolutely no need for
concern.
New Added Features of $SPE v2 Smart Contract
- The max supply has been reduced to one billion. This will make implementation listing on exchanges a lot smoother. This will also make it easier to say the price in a sentence.
- Liquidity threshold has been updated to 0.01% of max supply to accommodate for the supply change.
- Ability to update the liquidity function threshold.
- Withdrawal function has been added to recover BNB and other tokens sent to the
contract accidentally. Although we won’t be able to recover tokens sent to the current contract address, fortunately this will no longer be an issue moving forward - An adjustable staking fee has been added, as well as the ability to update the address to where the fees are sent to. For now this is set at 0% but will be useful for our future staking pool.
- Specify a different liquidity wallet where LP tokens are sent.
- Update the router address (for liquidity function). Useful for future Pancakeswap
updates. - They have added the ability to specify fees in 0.1% increments.
- No more fees for transfers from EOA to EOA (Externally owned accounts).
- Ability to set which addresses should be considered LP pairs via another function, to identify buys and sells properly.
- They have added the ability to ban/unban addresses from transfers (limited to contracts only). This will help control malicious bots and will not affect individual traders.
- Fees can be enabled/disabled for all transfers to/from contracts.
- A hard limit of how high we can set fees has been incorporated for added security.
Migration
The previous total supply of 1,000,000,000,000,000 will be reduced to 1,000,000,000 during the migration, removing issues associated with a high supply. Please note that the change in supply will not affect the value of your holdings, and you will still own the same % of the total supply after the migration as you did before the migration. All SPE holders are familiar with the old tokenomics, a 7% tax to all SPE transactions.
NOTE: Existing SPE holders will NOT be required to pay the 7% tax to migrate.
ABOUT Save Planet Earth
SavePlanetEarth (SPE) is a legally registered company in the UK and a global initiative dedicated to developing an array of different programs to combat global warming and climate change. To slow and eventually reverse the effects of global warming, they need to develop realistic carbon sequestration targets, employing various activities including afforestation, reforestation, renewable energy, soil regeneration, recycling, and enhanced marine climate management.
