MIGRATION PLAN TO THE FLASH EVOLUTION
Hello, #THEFLASHARMY family!
For the interest of the project and the entire community, we have decided to create a new and improved smart contract with the necessary functions and capabilities to grow exponentially.
The snapshot has been taken of the current FLASH holders at the time of publishing this article on MEDIUM. The holders will receive new tokens at 1:1 ratio in the new THE FLASH EVOLUTION and should send the old FLASH tokens to the following address: 0xa5493BE442Bb2a867fAB6c89fDfE480DB20fEE9F within 7 days after the announcement is published.
Once the old FLASH tokens are sent, new tokens THE FLASH EVOLUTION, will be delivered after the migration process is completed.
During the following 7 days after announcement is published, addresses that increase their position or become new holders should send their tokens to the indicated address, and they will receive THE FLASH EVOLUTION tokens at a ratio of 3:1 compared to old tokens. In this case, 3 FLASH tokens will be equivalent to 1 THE FLASH EVOLUTION token.
The deadline for sending the old tokens and exchanging them for the new tokens THE FLASH EVOLUTION, will be 7 days after the publication of this article.
Through this operation, all holders of the old FLASH tokens will be rewarded through the future plan we explain below, but first, let’s explain how we got here.
WHO HAS HELPED US IN THIS NEW PLAN?
The new FLASH has been created by the auditing team CONTRACTWOLF. That team has helped and guided us in the process of creating new functionalities for the token, which is vital to allow us to grow as a cryptographic project. Furthermore, our new smart contract will be audited and completely secure.
We will continue to rely on them for future project developments. For example, we will jointly develop a reliable DeFi protocol on our website.
Thanks to the assistance of the auditing team, we will also create our own bridge, which will open the door to new income through commissions for the project, allowing us to continue rewarding all our holders. Now, let’s discuss the next steps:
WHAT ARE WE WORKING ON?
We know that this is an ambitious plan, and we will need the involvement and help of the entire community because we want to make THE FLASH EVOLUTION a REAL YIELD project, rewarding all its holders and liquidity providers with passive income.
The Flash rewards its holders with USDT, and to accelerate the organic growth of the project, we are already working on creating farms and staking pools with a DeFi arbitrage strategy that will generate more organic volume for the project. This, in turn, will facilitate the possibility of generating sustained rewards for the holders.
We are also working on developing our own protocol on the website, and once it is developed, we will work on the integration and expansion of THE FLASH EVOLUTION to different blockchain networks, creating new alliances and opportunities for rewarding our users.
Our ultimate intention is to develop a multichain project with multiple farms and rewards programs on all major blockchain networks, not forgetting the NFT collections that will soon be included in the project.
WHY CONTINUE WITH FLASH?
On June 1st, we will open the first pools to reward our holders and liquidity providers on BABYDOGESWAP.
We will open an accelerated pool for 30 days for single stake, ending before the premiere, and another farming pools to reward FLASH/USDT & FLASH/BNB providers using the liquidity from PANCAKESWAP V2.
In June, we will introduce our first partner MONGBNB where the first FLASH/BNB farming pool will begin, rewarding MONGBNB with an attractive APR. Soon, we will explain all the details of this new and exciting project to the entire community.
We are a real and completely organic community with a fully committed team. The migration to an improved contract will provide great opportunities for passive income through STAKING, FARMS, MULTICHAIN, not to mention our future NFT collections.
More partners come on June…
WHAT WILL THE NEW FLASH BE LIKE?
The tokenomics of THE FLASH EVOLUTION will be exactly the same as those of the FLASH token, and initially, we will remain on the BNBCHAIN network.
The buy and sell fees will be divided as follows:
⮚ 3% HOLDERS IN USDT
⮚ 2% BURN LPFLASH:
⮚ 4% TREASURY: Marketing, burns and project development
The new token functions will allow feeless transactions, enabling us to be listed on centralized exchanges and open liquidity pools and stakes to further reward our users.
DOES THE DISTRIBUTION OR SUPPLY CHANGE?
The supply will remain the same, with a total of 1 billion tokens, and no holder of the old $FLASH will be affected in any way.
We will start with a market capitalization that is at least two to three times larger than the old $FLASH.
The number of remaining tokens may vary depending on post-snapshot buying and selling. The liquidity used for the project’s development, as well as its most relevant data, will be published as follows:
⮚ Listing on centralized exchanges
⮚ Staking Pools
⮚ Liquidity Provider Farms
⮚ Incentive Programs
WHAT LIQUIDITY WILL WE START WITH?
In the week immediately following the snapshot, the team will sell the received $Flash V1 tokens to use 100% of the proceeds for the liquidity of $FLASH V2.
We will start with at least double or triple the market capitalization compared to the moment before the migration.
Both the previous holders of $FLASH V1 and new buyers after the snapshot should transfer their tokens to receive $FLASH V2 before the end of the week following the snapshot and wait for the migration to be executed to receive them.
The holders before the snapshot will receive $FLASH V2 in a 1:1 ratio, and new addresses that become holders or increase positions during the week-long migration will receive them in a 3:1 ratio.
HOW WILL THE TEAM PROCEED?
The team has invested money in the project thus far, and with this new plan, they have injected an additional $3000 from their own pockets, buying tokens in the presale under the same conditions as the public in the current market, at higher prices.
Their commitment is to continue working with the project to build a strong community, sufficient reserve in the pool to limit volatility, and a high market capitalization. Only at that point can we discuss whether more team members or salaries are necessary.
Let’s run together to the moon and beyond! #THEFLASHARMY
