๐MICROPETS RELAUNCH
"On your way to greatness, you will fall, but like a Phoenix rising from the ashes, you too shall rise again."
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!
Why a token relaunch?
MicroPets: A Community-Driven Relaunch for a Secure Future
Following MicroPetsโ all-time high in November 2021, concerns arose regarding the actions of the projectโs former owner, Nick Sagliani A.K.A โSaint Nickโ which highlighted risks to the projectโs contracts and security. These issues necessitated a full relaunch to ensure the projectโs 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 communityโvoluntarily sending tokens to a recovery wallet from August 10, 2023 till December 21, 2023โwe 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.
Migration
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 projectโs 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 tokenโs utility, and ensuring the long-term success of the project.
We are now in a NEW ERA for MICROPETS!
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