MICROPETS RELAUNCH
"On your way to greatness, you will fall, but like a Phoenix rising from the ashes, you too shall rise again."
Last updated
"On your way to greatness, you will fall, but like a Phoenix rising from the ashes, you too shall rise again."
Last updated
MicroPets project officially relaunched on 19th October 2023 with a new $PETS token ca: [0x2466858ab5edad0bb597fe9f008f568b00d25fe3]. Users sent in their old MicroPets tokens in exchange for our new $PETS tokens at a 1:1120 ratio to use in our revamped ecosystem. This was announced on September 15th 2023 and migration was open until December 21st 2023!
MicroPets: A Community-Driven Relaunch for a Secure Future
Following MicroPets’ all-time high in November 2021, concerns arose regarding the actions of the project’s former owner, Nick Sagliani A.K.A “Saint Nick” which highlighted risks to the project’s contracts and security. These issues necessitated a full relaunch to ensure the project’s integrity and protect its future.
On August 9, 2023, MicroPets embarked on a transformative journey as control of the project was officially transferred to a new team composed of dedicated, long-standing community members. Leading this effort is our new CEO, Jessus Zambrano, whose leadership has been pivotal in rebuilding trust and guiding MicroPets toward a stronger, more transparent future.
The relaunch was a critical, community-driven initiative designed to cut ties with the previous contract controlled by Nick. Through the collective effort of the community—voluntarily sending tokens to a recovery wallet from August 10, 2023 till December 21, 2023—we secured liquidity and empowered the new team with full control over the $PETS token, smart contracts, staking pools, and other key assets.
This relaunch marks the beginning of a new chapter for MicroPets, one that prioritizes transparency, security, and a renewed commitment to the community. Together, we are building a brighter future for the project.
When the new ownership and team took over MicroPets in August 2023, one of the first steps was to migrate the $PETS token to ensure a fresh, secure, and transparent foundation for the project’s future. The migration was necessary to correct the previous tokenomics, for the safety of the community, and provide a more sustainable structure.
The migration ratio was set at 1120:1, meaning every 1120 old $PETS tokens were exchanged for 1 new $PETS token, providing a more balanced and efficient supply. This has reduced the total supply to 10B $PETS. This move was crucial in restoring confidence, optimizing the token’s utility, and ensuring the long-term success of the project.
