In this article will remind you of the necessary steps in the migration process as well as provide you with the relevant information about operation ‘The New Beginning’.
The liquidity has been withdrawn in preparation for the V2 migration. There is still residual liquidity available, but they do not recommend trading an old pair since it may result in significant losses.
APY of V1 staking has been reduced to 0%.
2,000,000 MIM has been paired with 33,334 CROWN and added to V2 LP.
V2 launch price is $60 per CROWN.
The migration portal is now open and accessible and you can proceed with the instructions listed below.
To swap from V1 to V2, you will need to take the following steps:
1. Unstake your V1 sCROWN tokens at https://v1.midasdao.org/
2. Go to https://midasdao.org/swap/
3. Connect your Metamask or TrustWallet
4. Click Swap V1 CROWN button
5. Confirm transactions and wait few seconds
6. Done, your CROWN V1 were swapped to CROWN V2, which are staked automatically.
7. After successful swap, continue to use https://app.midasdao.org/
The migration portal will be open for 14 days.
Note: to see V2 CROWN on your MetaMask add tokens listed below
CROWN 0x39912d83acb4a373321387300f4fbe88aa5d6f14
sCROWN 0x643D3707FBa05962821e0d0838a82C0Ab40D9549
CROWN-MIM — LP 0x089a9BF16453b519Fab02e40d143C0dcF9083778
Staking 0x9619BC1306B94130FBC70CF07e311E69949f07D4
Treasury 0x6D9Cfb705C7b7A5ca1C4565A47Fa1b26FC1bE3d0
Bond MIM 0x719d4CBAecA6e1a61fd2Cb9fE581aFb9Db18b74B
Bond AVAX 0xE4f5d8Ef9c638e487a9e315A673cF598d7b0d4d9
Bond CROWN-MIM LP 0xF3C0aB5d9CAbf12775719959A4ffd218feA0c43C
Migration portal 0xcfb7AAAe5812A9397047456Ac9Ef73774366D8A0
According to the previous Medium article, they will launch V2 in the following tax brackets:
1. Sell — 16% tax (price: $40 to $80)
2. Buy — 1% tax (price: below $100)
However, for the first 24 hours of V2, they are running a promotional 0% tax on buy transactions and sell tax remains at 16% rate during the first 24 hours.
If you are buying, you don’t have to modify the slippage, if you are selling, set the slippage on 17%+.
that is laddered down to 0% over 7 days — 5% a day. If you unstake any quantity of CROWN or stake additional CROWN, the tax rate will be reset to 30%, and it will begin to drop again over time. The tokens that have been deducted will be burned, reducing the number of tokens in circulation.
Feel free to finish Warm-up, claim, unstake, and then switch to V2. The first rebase of v2 it will most likely have no rewards. So you’ll have plenty of time to move to CROWN v2.
Mints will continue to be available for redeeming. Claim your mints and swap to V2. Migration portal will be open for 14 days.
https://medium.com/@Midas_DAO/crown-v2-launch-details-754f58a79141
