Circulating Supply Adjustment & Discussion of the Month: AAG Token migration to Polygon. How this would impact the AAG ecosystem?
1.Circulating Supply Adjustment: Path to Sustainable Ecosystem Growth
In a strategic move towards optimizing our ecosystem, we’ve decided to decrease the circulating supply of AAG tokens by 250 million from the Community and Ecosystem pool. This initiative, rooted in a thorough evaluation of our future plans and an updated tokenomics model, involves locking this batch of AAG tokens inside a separate wallet. Originally earmarked to drive new user adoption, we’ve recognized the need for a more sustainable approach. Our recent experiments with various strategies revealed that implementing viral loops, complemented by different methods and rewards, is a healthier and more effective means of introducing AAG tokens to new users within our platform. This intentional reduction in the circulating supply is aimed at addressing the current equilibrium between supply and demand within the AAG ecosystem.
Looking ahead, the locked AAG tokens hold the promise of potential reintroduction into circulation, pending the decision of the DAO. However, this empowerment of the decentralized autonomous organization will only unfold once we usher in a fully decentralized governance model. Presently, as we navigate through an active development phase, we acknowledge the effectiveness of a more centralized model. Our commitment to transparency and sustainability underscores every decision, with an unwavering focus on shaping a thriving AAG ecosystem.
2.Discussion of the month: AAG Token migration to Polygon. How this would impact the AAG ecosystem?
AAG transcends its status as a mere token; it also stands as a symbol of resilience, adaptability, and an unyielding dedication to its community. Let’s take a step back and explore the captivating journey of the AAG token as it has chartered its course through the crypto world.
Quick Recap: AAG Token’s Network History
Over the past two years, AAG has weathered substantial changes. In February 2022, we bridged Ethereum and Harmony networks to counter high transaction fees, enhancing AAG token accessibility. However, June 2022 brought unexpected challenges when the Harmony Bridge on the Ethereum network fell victim to a malicious hack. Despite the ensuing turmoil, our implemented Lossless cash protocol proved invaluable, saving 96% of tokens within the bridging contract and preventing a catastrophic crash of the AAG token value.
This episode reinforced our commitment to stringent security measures. AAG remains resilient, focusing on fortifying our infrastructure to ensure the ongoing trust and security of our community amid the ever-shifting crypto landscape.
Optimizing Accessibility: AAG Token potentially could be migrated to Polygon. How this would impact AAG’s future?
In the background, we’ve thoroughly evaluated the progress of the Harmony network and the AAG token’s market positioning. Through deliberate consideration, it became clear that, in order for AAG tokens to thrive, a move to more popular and accessible networks was crucial. Harmony’s accessibility challenges and lingering concerns about its security obstructed the widespread adoption of the AAG token.
Responding to the concerns within our community, we would like to launch a discussion with a community about a strategic move: the migration of the AAG token to the Polygon network. Over the past year, Polygon has solidified its position by onboarding major companies (as documented in their 2022 rewind: Polygon Rewind 2022). Recognizing its robust security and stability, we are confident that Polygon could serve as a catalyst for the further development of AAG.
We would like to spark a discussion about this in our official Telegram channel: https://t.me/aagventures
About AAG
AAG is a Web3 infrastructure company focused on providing a software ecosystem that helps simplify interactions with blockchain applications and the Metaverse for both mainstream users and traditional companies. AAG provides a secure and easy-to-use seedless MetaOne® wallet and MetaOne® SDK, as well as infrastructure software, such as a cross-chain search engine and gas-fee-less Saakuru blockchain for enterprise companies. Our mission is to empower individuals and businesses by bridging the gap to harness the power of Web3 via our technology while providing strategies for businesses to successfully adapt and create the next level of engagement-focused products and services.
If you’re eager to learn more about AAG, and our expansive ecosystem, don’t hesitate to get in touch with us and visit our platforms:
