# AKIRA V2 + TGOV

By [AkiraDAO](https://paragraph.com/@akiradao) · 2024-04-07

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After some severe delays, [_Toriyama Token V2_ ($AKIRA)](https://bscscan.com/token/0x37ddee92f1fc7947b247c0d4f76875ba8adf0963) and [_Toriyama Governance Token_ ($TGOV)](https://bscscan.com/token/0x85d793e42ba38580a2df6b38a900377058f29acd) were recently deployed to BNB Chain

On a side note, the development team also [renounced ownership from previous Toriyama Token V1](https://bscscan.com/tx/0x7420e77061172eeddecc671cee884b99b4cdaedb6f99f1d263b8aecc89885e92) contract, so that there is no room to mint them anyway

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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)

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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:

[https://cf-ipfs.com/ipfs/QmRxYvfXcKWruWq4EeHhdS7oR3JN5jssUAJmfVFK32rayG/akira+tgov/exchange-akirav1-for-tgov.mp4](https://cf-ipfs.com/ipfs/QmRxYvfXcKWruWq4EeHhdS7oR3JN5jssUAJmfVFK32rayG/akira+tgov/exchange-akirav1-for-tgov.mp4)

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

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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!

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*Originally published on [AkiraDAO](https://paragraph.com/@akiradao/akira-v2-tgov)*