🗓️Migration Plan
On February 13th, 2023 we will begin the migration to EG v2.
EG V1 trading will stop on February 12th, 2023.
Starting February 12th 2023, Do not try to Transfer your EG v1 tokens to another wallet as you will likely lose all your tokens! We can put measures in place to stop Buying/Selling of EG v1 but cannot prevent transfers. It is the holder's responsibility to ensure no wallet-to-wallet transfers of EG v1 are executed after this deadline.
Starting February 12th 2023, the ONLY interaction you should do with your EG v1 tokens is to connect to EGMigrate and safely upgrade to EG v2.
Migration Facts
Shortly before the migration date, EG v2 contract will be deployed to the BSC mainnet.
Users can upgrade their EG v1 tokens to EG v2 using the EGMigrate dApp on February 13th. This is the only way to acquire EG v2 prior to the token launch.
There will be no presale of v2 tokens.
There will be no upgrade paths or airdrops outside of EGMigrate. (Beware of scammers, trying to guide you to alternative solutions). Our admins will never DM you first and we do not have a telegram/discord or Twitter support team. For any issues or queries, ask in the #eg-v2 channel on our discord server.
Exchange Holders on BitMart
We no longer support BitMart. The deadline to remove tokens from BitMart was 22 Aug 2022. There are still a lot of holder tokens still on BitMart so we have asked BitMart to allow withdrawals one last time. Withdrawals will open on 1 Feb 2023, 9 AM UTC and close on 8 Feb 2023, 9 AM UTC. Any tokens not withdrawn will be lost forever.
Please transfer your tokens to a wallet like MetaMask or TrustWallet ASAP and wait for the EGMigrate launch on 13th Feb 2023 to convert your EG v1 tokens into EG v2 tokens.
Exchange Holders on LBank
We no longer support these LBank. The deadline to remove tokens from LBank is 12 Feb 2023, 9 AM UTC.
Please transfer your tokens to a wallet like MetaMask or TrustWallet ASAP and wait for the EGMigrate launch on 13th Feb 2023 to convert your EG v1 tokens into EG v2 tokens.
Exchange Holders on MEXC
We are working on getting in contact with MEXC to work with them on migration to v2 for those who are holding on the exchange. We will release more updates on this once we have them. In the meantime, as a MEXC holder, you have 2 options:
Transfer your tokens from the MEXC into a wallet like MetaMask or TrustWallet to migrate them to EG v2 via EGMigrate - Recommended Option
Wait until we have heard back from MEXC for the next steps.
Tokens staked in the EG Vault
If your tokens are still staked in the EG vault, withdraw them immediately. No tax or penalty will be charged for early withdrawal. Once your tokens are back in your MetaMask or TrustWallet, wait for the EGMigrate launch on 13th Feb 2023 to convert your EG v1 tokens into EG v2 tokens.
Token holders in MetaMask, TrustWallet, or any other wallet
Once your tokens are in MetaMask, TrustWallet or any other wallet, there is no further action to take. Please wait for the EGMigrate launch on 13th Feb 2023 to convert your EG v1 tokens into EG v2 tokens.
Important Info
Ensure that you have withdrawn tokens from Bitmart and LBank into a MetaMask or TrustWallet so they are ready to migrate on or before 12th February.
Please do not do any wallet-to-wallet Transfers using EG v1 tokens after February 12th. You will likely lose all your tokens in transfer fees! This also means if you are providing liquidity to the EG/BNB LP, remove it before this date.
If you miss this notice and have not transferred out of Bitmart or LBank in time, DO NOT withdraw out of Bitmart or LBank after 12th February. Contact us using the website and we will guide you with a safe option so you do not lose all your tokens.
Liquidity Extraction - February 18 - 19, 2023
We will begin the v1 liquidity extraction On February 18th.
EG v1 ELONGATE/BNB liquidity is locked via DXSale until 2026, so to extract liquidity from that pair we will sell the v1 tokens that have been exchanged.
Token Launch - February 20, 2023
We will finalize the new liquidity pair. The pair will be EG/BNB on PancakeSwap for BSC.
We will add liquidity to the BSC Liquidity Pool.
Trading on v2 will be enabled on Binance Smart Chain.
5% Buy/Sell and 0% transfer fees will be applied.
Anti-rug protection: Although people will have v2 tokens from the upgrade process, no one will be able to create an alternative liquidity pool outside the official liquidity pools (and then pull the liquidity). We see this happen a lot with new token launches so EG v2 has built-in protection against this issue.
Anti-bot protection: Trading will not be enabled until the trading enable function is called. There is a common vulnerability that is exploited by bots after a new token launch. These sniping bots start monitoring pending transactions for a deployed contract which also include the method that adds liquidity to the pair. As soon as liquidity is added, they are able to attach a Buy to the liquidity add event. This way, they are among the first people to buy the token using large amounts and dump all tokens immediately after a pump. EG v2 has built-in protection against that to stop sniping bots.
The one-way setTradingEnabled function will be called. There is no trading on/off toggle. There is also no disable trading function, so we can never stop trading in v2 after it's enabled.
An event will be emitted to the blockchain saying this function has been called.
Trading Phase 1 - Anti-Bot Protections begins
(duration: several minutes)
Trading will not actually be enabled for several minutes after the “setTradingEnabled” function is called. This means no sniping bots can attach buys to the setTradingEnabled transaction.
It allows us to give the EG community a heads up that trading is going Live before bots try to jump in. The contract address will be known ahead of time as we will have migrated to it so there is opportunity for sniping bots to take advantage, but EG v2 has inbuilt protection against such attacks.
Trading Phase 2 - Anti-Bot Protections continues
(duration: up to 2 hours)
Max transaction amount will be 0.1% of the supply; this can be confirmed by the maxTxCooldownAmount function.
Multiple trades in the same blockchain block (buy or sell) from the same source are not allowed during the trading start cooldown.
Trading Phase 3 - EG V2 is fully Live
After around 2 hours time, all restrictions are lifted.
Normal trading operations will now begin.
Migration will now be complete.
EGMigrate will stay available for holders to swap from v1 to v2 until ample notice is given to close migration. This will be circulated on all social platforms.
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