Migration Starts Now!
IMPORTANT: THE MIGRATION WINDOW IS OFFICIALLY OPEN AND WILL CLOSE AT 00:01 UTC ON MARCH 14th, 2022
Read on for details.
Good morning/afternoon/evening to our investors worldwide.
As you most likely know, we are preparing to both rebrand the company and migrate $SIMP to an upgraded v2 contract.
We are doing this to:
a) Open up avenues of growth that our branding as “$SIMP” made difficult to access.
b) Generate new momentum for our current holder base, with the ultimate goal of establishing higher floors and exponential growth as our roadmap items are released and our use-case is expanded.
We’re thrilled to announce that the migration process has officially begun. The only thing that you, as a holder, will need to do to migrate your tokens is send them to the whitelisted collection wallet.
For the sake of transparency, we have created a fresh wallet that will serve the sole purpose of token collection and LP buyback — the wallet is whitelisted, and there will be zero tax applied to any holders migrating their tokens.
THE OFFICIAL $SIMP TOKEN COLLECTION WALLET ADDRESS IS:
DO NOT SEND YOUR TOKENS TO ANY OTHER WALLET ADDRESS.
IMPORTANT: AFTER SENDING YOUR TOKENS, PLEASE FILL OUT THE MIGRATION FORM HERE.
You may be asking why the team needs to manually collect your tokens in order to conduct the migration.
The reason is very simple — $SIMP’s liquidity is locked for two years, which prevents us from easily migrating it to the new token.
After consulting with our development team, we’ve established that — with the participation of the $SIMP community — we will be able to withdraw our LP and launch our v2 token with an LP of roughly 900 BNB.
Now, in order to reach that figure, we must take the following steps:
1) Collect as many V1 $SIMP Tokens from the community as possible. All holders who send in their tokens during the migration window will be airdropped a proportional amount of the v2 token.
NOTE: Only tokens held as of the wallet snapshot at 12:39 UTC on January 31st, 2022 will be eligible for migration, as announced on Telegram, Instagram, Twitter and our previous Medium article.
2) Use the collected $SIMP Tokens to execute one large sale and inject that BNB into the liquidity pool for V2.
3) Based on the number of collected tokens (see the chart below,) launch a pre-sale to make up the difference between our migrated liquidity and our goal of 900 BNB.
I’d imagine that you have a few questions at this point.
We’ve received quite a few from our community surveys, and I’d like to take a moment to answer some of the more common ones here:
“When will the relaunch happen?”
“Why can’t my $SIMP be migrated automatically?”
By virtue of being on the blockchain, the tokens that you hold in your wallet are completely inaccessible to us — there is absolutely no way that we could move, swap, or migrate any currently-held $SIMP tokens.
“Why can’t we swap after the V2 Launch?”
This is not a viable option because without the community token collection and subsequent sale, we will be unable to migrate $SIMP’s LP to the new token — while we are prepared to self-fund whatever LP percentage necessary in a worst-case scenario, those funds would serve our holders best by being allocated to the various projects on our roadmap.
“How many v2 tokens will I receive for each of my $SIMP tokens?”
Our objective is to ensure that the launch value of every migrated holder’s tokens match the dollar value as of the wallet snapshot at 12:39 UTC on January 31st, 2022.
As we near the end of the migration period and have the values of the market cap and LP finalized, we will then be able to offer a formula that holders can use to determine how many v2 tokens they will receive.
It’s crucial to remember that this is a rebrand and continuation of the current project, and as such we’re working to ensure that individual holders’ dollar value, token count, and the overall LP-to-Market Cap ratio match the $SIMP Token’s metrics as closely as possible.
“Will the V2 token’s Circulating Supply be the same as $SIMP’s?”
This has not yet been decided — to meet the goals stated above, we may have to alter the supply. These are decisions that we will be able to finalize during the migration window as we develop a clearer picture of how many holder tokens we can expect to migrate.
“Why should we trust you?”
This is not, as they say, my first rodeo.
I have an extensive track record in the development and scaling of successful businesses, including my own full-service marketing and branding agencies through which I’ve worked with some of the biggest names in global entertainment and commerce.
But, frankly, actions speak louder than words.
Many of our early holders remember the unsuccessful first launch of $SIMP.
In a situation where an unethical company could have betrayed their investors, myself and the team successfully retrieved nearly $1 million and refunded every single buyer.
As we prepare to rebrand and execute this final launch — armed with the experience of the last several months — I would like to thank our community for placing their trust with us, and assure everyone that we are acting with the best interests of our holders and all adult content creators in mind.
We understand that this migration may feel like a leap of faith.
Because it is — for the holders and ourselves.
James, Matthew and myself are staking our names and reputations on this project because we fully believe in it.
We are working around the clock to deliver an explosive launch and develop the infrastructure to power the adult industry of the future, and I can promise you this -
We won’t let you down.
-Ben Sansom, CEO
· DO NOT BUY $SIMP AT THIS TIME. If you do so, you risk losing your tokens and investment capital.
· The migration window is officially open and will close at 00:01 UTC on March 14th, 2022
· THE OFFICIAL COLLECTION WALLET ADDRESS IS:
· DO NOT send ANY $SIMP Tokens to a collection wallet address not provided by the $SIMP team.