NFTY Transitions to Magnify ($MAG) on Base

NFTY Transitions to Magnify ($MAG) on Base

We are thrilled to share more details for the transition from NFTY Finance to Magnify Cash. This change is a significant step in our project's evolution, enhancing our platform's capabilities and aligning with our strategic goals. Here is a complete guide to the upcoming token migration, including critical dates, required actions, and what you can expect during the transition period.

Snapshot & Migration

Starting July 18th, 2024

Snapshot Details

Date: 07/18/2024

  • Networks Involved: Ethereum, Polygon, and BNB Smart Chain.
  • Important: The best practice is to ensure that your NFTY tokens are securely held in a Web3 wallet such as MetaMask, Phantom, Trust Wallet, Ledger, etc. We will be coordinating with our CEX partners to ensure that any tokens left on exchanges are included in the snapshot. If you have NFTY in a locked or vested in a smart contract, such as Gnosis Safe, then please get in touch with our team to execute a manual migration.

Migration Process

Start Date: 07/18/2024

  • Exchange Rate: Every 8 NFTY tokens will be swapped for 1 MAG token.
  • How to Migrate: After the completion of the snapshot, you will connect to our dApp (a link will be provided when migration begins) to facilitate the swap onchain. Alternatively, direct swaps will be available on supported exchanges.
  • Please Note: MAG tokens will remain paused during the transition period. This means you can claim your MAG tokens, but you will not be able to trade them until they are unpaused.
  • MAG will be unpaused and trading will begin on 07/25/2024.

Support

We understand that migrations can be complex and might raise questions or concerns. Our team is on standby to provide support and address any issues you may encounter.

Conclusion

The migration from NFTY to MAG marks a new chapter in our journey. We are committed to ensuring a seamless transition and are excited about the new opportunities that Magnify Cash will bring to our community. Stay tuned for further updates and prepare your wallets as we approach the snapshot and migration on 07/18/2024.