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Tamadoge has kickstarted the following period for its play-to-earn ecosystem, asserting the accelerated launch of its $TAMA V2 token on the Polygon community.
The strategic transfer comes within the wake of a latest hack that focused the venture’s liquidity pool. This has prompted a swift and decisive response from the Tamadoge crew, revealing the upcoming secret plan of migrating to a V2 token.
This resolution addresses speedy safety issues whereas alluding to a potential roadmap replace.
The Huge Upside Of Upgrading To Polygon
Tamadoge’s transition to Polygon marks a pivotal second in its roadmap. In response to the unlucky hack, the crew isn’t just transferring to a brand new community but additionally changing the prevailing ERC-20 token solely.
A transfer to Polygon was initially deliberate to be introduced after supply of the Tamadoge Pursuit recreation through a bridge, marking the tip of the present part of the roadmap. Nevertheless, the sport will as a substitute be delivered after launching the V2 token, which is now the principle precedence for causes of safety and improved consumer expertise.
Polygon operates as a Layer 2 scaling answer or sidechain, functioning in parallel with the Ethereum blockchain. This setup facilitates fast transactions and minimal charges, making it completely suited to gaming purposes. Moreover, it capitalizes on the liquidity and sturdy safety framework of the Ethereum blockchain.
Consequently, the transition from Ethereum to Polygon represents a transformative shift for $TAMA V2 customers, considerably enhancing their gaming expertise by combining pace, effectivity, and safety.
How The $TAMA V2 Migration Works
To make sure a hassle-free transition for its consumer base, the Tamadoge crew has laid out 4 steps to seamlessly change all holders to V2.
- Deployment of the New Token Contract:
The crew will deploy an upgraded Polygon contract with extra safety features, together with blacklist and pause capabilities, to supply a safer expertise for the Tamadoge group transferring ahead.
- Staking Contract Improve:
Subsequent, the Staking Contract might be upgraded. All staking balances and related rewards might be carried over to the brand new contract on Polygon. Customers might want to merely join their wallets to view their staked tokens after the change.
- Conversion on Centralised and DeFi Holders:
For these holding tokens on centralized exchanges, there might be an automated conversion to the brand new token. Concurrently, DeFi and Non-Custodial holders will obtain an airdrop of the brand new token, guaranteeing a clean transition for all.
- Liquidity Pool Addition and Buying and selling Entry:
Lastly, alongside the Airdrop and CEX transition, the liquidity pool might be restored on Polygon, making a tradable pair that matches the pre-hack V1 value. It will be certain that everybody positive aspects buying and selling entry concurrently.
Dealing With The Hack – A Safer Extra Safe TAMA
The Tamadoge venture confronted a big problem when its developer pockets was focused in a coordinated assault.
When the hackers exploited a contract vulnerability to entry the Tamadoge liquidity pool, the crew acted swiftly to restrict the hack’s scope.
This was executed by eradicating liquidity from decentralized exchanges and dealing with change companions to halt buying and selling quickly. Moreover, the staking and token pages on the Tamadoge web site had been additionally disabled as a precaution.
An intensive investigation is being performed to know the hack’s root trigger.
As a consequence of this incident, beforehand unannounced venture plans at the moment are being accelerated as a way to improve safety and performance.
Tamadoge’s Future On Polygon Is Rosy
As Tamadoge embarks on its new journey with Polygon, there’s palpable pleasure throughout the group, fueled by the crew hinting at extra steps within the roadmap.
The group is abuzz with hypothesis: What new options and expansions will Tamadoge introduce? How will this transition form the way forward for the ecosystem? These questions mark an thrilling part of anticipation and potential for Tamadoge.
The choice to postpone the discharge of the Tamadoge Pursuit recreation, whereas initially met with disappointment, is now seen in a brand new mild. This pause is considered as a strategic step, permitting the crew to totally leverage the advantages of the Polygon community and combine these into the gaming expertise.
The anticipation for the sport has solely grown, as customers stay up for an much more enhanced, seamless, and interesting play-to-earn expertise on the Polygon platform.
There are various advantages of the Polygon chain for the Tamadoge ecosystem. It opens a realm of recent potentialities the place customers can now stay up for considerably decrease transaction charges.
Quicker transaction speeds on Polygon imply a smoother, extra responsive gaming expertise, which is essential for real-time play-to-earn video games. Furthermore, the mixing with Polygon’s staking contract is ready to supply extra rewarding experiences for gamers.
Integral to the migration is a heightened deal with safety. Polygon community’s sturdy structure affords enhanced safety features, that are essential in defending customers’ belongings and guaranteeing the integrity of the play-to-earn ecosystem.
This transition to a safer atmosphere displays Tamadoge’s unwavering dedication to safeguarding its group and fortifying belief amongst its customers.
Poised to redefine the play-to-earn panorama, the way forward for Tamadoge on Polygon is shaping as much as be an exciting chapter within the venture’s story. Its newest strategic pivot is, subsequently, a testomony to Tamadoge’s resilience, adaptability, and dedication to delivering an distinctive and safe gaming expertise to its group.
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