BONE token swap & 99% supply reduction Migration from ERC20 to BEP20
2 min readOct 31, 2021
DogData has listened to our community and decided to swap the BONE token from the ERC20 blockchain protocol to the BEP20 blockchain protocol to lower transaction/gas costs. At the same time, DogData is reducing the total BONE token supply by 99%.
BONE smart contract
Ticker name: BONE
Circulating supply: 10,000,000
Smart contract: 0x67915e893b68fbc436a288564fff1476b632b009
BSC scan: https://bscscan.com/token/0x67915e893b68fbc436a288564fff1476b632b009
Lower gas costs
- BEP20 has much lower costs per transaction/gas costs.
- Lower transaction costs increase the trading frequency for BONE tokens.
- Lower transaction costs increase the market liquidity for BONE tokens.
- Increase safety as owners can move BONE tokens from exchanges to their private wallets.
99% reduction in BONE supply
- The total circulating supply of BONE tokens will be reduced by 99% from 1,000,000,000 BONE tokens to 10,000,000 BONE tokens.
- 99% of the ERC20 BONE in treasury and team wallets will be burned and will not be swapped to BEP20 BONE.
- The reduction in BONE tokens will
Increase trust
- Reduce risks of team/project dumps
- Provide enhanced transparency
1 to 1 swap ratio
- 1 ERC20 BONE = 1 BEP20 BONE
- Any ERC20 BONE can be swapped to BEP20 BONE
Automatic swap
- All ERC20 BONE on the following exchanges will be automatically swapped to BEP20 BONE
- Bitforex
- Hotbit
We are still in discussions with Probit to enable the same automatic swap.
Manual swap
- Any ERC20 BONE held in private wallets can be swapped to BEP20 BONE
Process:
- Transfer ERC20 BONE to treasury wallet
0xBEdFC2b9C19115353E3C916a898f4dCa7800DD84
- Send the etherscan transaction record and BEP20 wallet information on telegram to @DDGoalCFO
- New BEP20 BONE will then be sent to your wallet
Planned token economics
Roadmap
29th of October. Bitforex swap
. Hotbit swap
. Manual swap
1st of November. Pancakeswap liquidity pool
Stay updated and do not miss news from the DogData team!
