News from the ARTEMISX Coin Development team on August 12, 2022
IMPORTANT ANNOUNCEMENT — ArtemisX is going V2 🚀
DO NOT SELL ANY TOKENS! The price of your ArtemisX tokens has not gone down.
We will be launching V2 in about a week’s time! We have taken a snapshot of the holders and here’s what you have to do to get your tokens for V2:
1) Send your $ARTEMISX to 0x11B7e19cCcEE45C8d3624BA51fed890319883738 before 19th August, 10pm UTC; 2) We will airdrop you V2 tokens after we have deployed the contract; and 3) We will notify everyone the exact time and date when V2 will launch next week!
Why are we going V2?
As you may have seen, the high APY auto-rebase is unsustainable causing constant selling pressure on the chart which is not a good look for new investors. We considered turning off the rebase, but then the high tax would not be justifiable. Alongside this, CoinGecko, CoinMarketCap and CEXs do not like to list auto-rebasing tokens.
StableFuel has helped bring in a lot of new holders and $ARTEMISX almost hit $1 million market cap again, so imagine what we can do with a V2 with 85% less sell pressure on the chart! We are going V2 so that we can maximize the potential of ArtemisX in combination with the MoonWalk launch and future ecosystem additions.
TLDR:
Less selling pressure Lower taxes Exchange/CMC listings will be possible Opens up future ecosystem upgrade paths Allows for some dAPP upgrades
What’s happening to V1?
The rebase has been turned off. Buys have been restricted. Sell tax has been increased to 23%. There will be no more BUSD rewards generated after today (All current BUSD rewards will be settled on your migration token transfer).
You should not sell in any event, because the value of your V2 tokens will be worth a lot more than the V1 tokens you sell. We have already retrieved a lot of the liquidity with the help of the community.
What happens if I don’t send V1 tokens by the deadline?
You will not be airdropped V2 tokens before the launch. There will be an extra 3 weeks after the launch to exchange your V1 tokens for V2 tokens, after this time migration will be CLOSED.
Why do I need to send V1 tokens?
ArtemisX’s liquidity is locked therefore we need holders to send in their V1 tokens so that we can retrieve the liquidity that way.
What happens if I panicked and sold my V1 tokens?
In case you did not read the announcement and panic sold your tokens, you can DM @beetleborger on Telegram or reach out to us on Discord.
You will need to send back BNB for the $ amount that you sold for + a 5% penalty which covers the taxes missed.
What will V2 be like?
ArtemisX V2 ($ARTX) will bring you the same BUSD rewards you all love, but with more sustainability and a better chart!
What about my StableFuel multiplier bonuses?
Once you’ve sent your V1 tokens, we will send you a temporary token which will give you a replacement bonus and you will see this as a loyalty bonus in the dApp. Example below:
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