📣 Token Migration Details — How Does It Work? 📣
Now that we’ve introduced the option, let’s dive into the key details of the migration process.
🔄 Two Choices for Token Holders:
Stay in the WorkX market: No migration needed! Your tokens will remain in an illiquid market for now.
Migrate to the Echo market: A more liquid market with easier access, but with a 50% dilution and a vesting schedule to ensure long-term growth.
💰 What About Your Dollar Value?
When you migrate to the Echo market, your token’s dollar value is preserved. You won’t lose any of your original value—it’ll be transferred over and vested.
Echo will launch with a $10M valuation, double where we are now, giving you the same dollar value while ensuring long-term gains.
🛠️ Migration Process:
The process is completely optional — you can decide if you want to migrate or stay in the current market.
If you choose to migrate, you’ll commit to a 1M cliff and an 8M vesting period.
Our goal is to ensure a hassle-free migration that benefits everyone without forcing anyone’s hand. More updates coming soon!