After some severe delays, Toriyama Token V2 ($AKIRA) and Toriyama Governance Token ($TGOV) were recently deployed to BNB Chain
On a side note, the development team also renounced ownership from previous Toriyama Token V1 contract, so that there is no room to mint them anyway
Toriyama Token V2 ($AKIRA)
As requested per its AkiraDAO proposal a new contract has been deployed with its limited supply having being reduced by 90%, without any kind of ownership code
This contract also introduces a burn method, that will allow for smart contracts of the dApp to burn part of the operation fees as per specification, by reducing supply when transferFrom sends to address 0x0000000000000000000000000000000000000000
In the next hours, holders of Toriyama Token V1 of the Initial Offering Stage 1 will be airdropped with the V2 tokens (in a 1:1 ratio, at the wallets that are holding V1 tokens)
Toriyama Governance Token ($TGOV)
$TGOV tokens were also minted as per specification: 1 $TGOV was created for every 25,000 $AKIRA put in circulation during Initial Offering Stage 1, with a resulting total supply of 547.7 $TGOV tokens, 25% being assigned to $AKIRA holders of that stage
These holders will be able to exchange the (now deprecated) Toriyama Token V1, in a 100,000 $AKIRAv1 : 1 $TGOV ratio at the tokens’ website, so that we clean up the ecosystem from the V1 tokens
The following video recorded in testnet demonstrates how this will be performed at the next website release:
After receiving the Toriyama Governance Token by exchanging deprecated Toriyama Token V1 (its balance will become 0), they can be safely hidden from the wallet forever
The remaining 75% $TGOV minted will be put in a smart contract for acquisition at an increasingly higher price as it was stated in our Whitepaper, the contract will apply a 0.25% price increase for every decimal part of $TGOV sold, starting at 0.001 BNB
Liquidity pool for Toriyama Token V2
As it had been stated, we will remove current Toriyama Token V1’s UniswapV3 liquidity pool, and create a Toriyama Token V2’s UniswapV3 pool with previous pool’s price as initial price for the new one, and all of the USDT liquidity moved to the new one, too
If it isn’t obvious, holders of the Initial Offering Stage 1 are expected to hold their V1 tokens through the V2 migration and exchange those for $TGOV!
Upcoming news
Next week we will also be announcing $TGOV acquisition availability, along with first dApp beta deployment to BNB Testnet, and more news regarding the adoption of additional features we believe will enhance interest in the ecosystem
Stay tuned!