Reward Tokens to Move to VSC (Important)
Disclaimer: Not financial advice. Always do your own research and consult a professional finance advisor before making any investments.
Vector Smart Chain has been undergoing a period of transition, moving its associated NFTs and now its reward tokens onto VSC. On March 24th, the VSC Team announced that the Vector Smart Chain Rewards tokens, branded under the previous name “Vitalik”, will move on-chain. This applies to VRAVAX, VRBSC, VRPOLY and VRSOL tokens.
Holders of these rewards tokens will want to pay close attention to the announcements coming out for the tokens they hold as action is required. The official announcement is as follows:
“As of next week we will be starting to pull reward tokens over to vsc.
We will announce which ones in order. This will take a while but will be bullish as we have a few surprises along the way. Vrsol will be last as the sol side is still in development and is very complicated.”
Whittaker (Telegram)
The move for each token will be announced in phases and instructions on what to do will be provided by the VSC team.
What is Happening
Here is a summary of what will occur and some additional details.
- Existing “vitalik” reward tokens are being moved to VSC.
- Holders are required to send in their reward tokens by a cut-off date when announced.
- New reward token contracts will be created on VSC under new names.
- The liquidity of the “vitalik” reward tokens will be removed and added to its equivalent token on VSC.
- Airdrops will be delivered to the same wallets that sent in tokens.
- Reward tokens bought after announced cut-offs do not qualify for airdrops of the new token.
- The old “vitalik” rewards tokens will no longer have any purpose.
What To Do
As mentioned earlier, action is required if you hold any of the “vitalik” reward tokens. Please see the information below for the reward tokens you hold. I will update this list as the announcements are made.
VRAVAX
VRAVAX is the first reward token to be moved. See the following key information.
- Announcement: VRAVAX (Screenshot)
- Send-in Window: March 25th – April 1st
- Send-in Address: See official announcement linked above.
VRBSC
The move of VRBSC has not been announced yet, but will likely be very soon.
VRPOLY
The move of VRPOLY has not been announced yet, but will likely be very soon.
VRSOL
The move of VRSOL has not been announced yet, but it will be the last moved token due to additional complexity.
The move of these tokens may take time, but are a necessary step in progressing towards VSC’s goals of providing a rewarding eco-system. We’re also looking forward to what these “surprises” will be, as Whittaker teased. This post will be updated as more announcements are made.