ARKFI Token Migration Plan: Transitioning to a Future of Sustainable Earnings
In the ever shifting galaxy of decentralized finance, the ARKFI project is preparing to embark on an exciting journey. Imagine it as a starship, traveling through the cosmos of blockchain, set to explore new frontiers of sustainability and prosperity. The ARKFI Token Migration Plan is the drive that propels us into this exciting new era. Let’s take a seat on the spaceship and dive deep into this extraordinary story.
The Need for Change: Farewell to the Old Ways
Once upon a time, the ARKFI token was like the hero of our story, destined to bring revenue to the ecosystem. But as time passed, it became apparent that the token was losing its magical touch. It could no longer carry the burden of inflating liabilities. That’s where the “ponzinomics” crept in, casting a shadow over our crypto kingdom.
To save the day and ensure our heroes, the ARK investors, continue to thrive, a crucial decision was made. The ARKFI token’s future liabilities will be vanquished, and a mysterious treasure chest, the Legacy NFT, will be revealed.
Legacy NFT: A Rare Artifact for Sustained Wealth
The Legacy NFT is no ordinary relic; it’s a treasure map leading to a world of prosperity. This enchanted NFT generates yield, harnessing the power of real world utility products while banishing the ghosts of “ponzinomics” for good. Once our migration quest is complete, the Legacy NFT will become the one and only way to harvest riches within the Ark Fi realm.
Utility Business Categories: Building the Ark Empire
In our quest for wealth, we have encountered various business categories within the Ark Fi ecosystem:
- Crypto Banking Products (Existing): The solid foundation of our empire, like the bedrock of a mountain.
- Privacy Products (Q1 2024): The treasures hidden deep within the ecosystem.
- Ark Lite (To Be Announced): The undiscovered land, shrouded in secrecy, yet promising untold riches.
And more to be announced.
Revenue Model: Sharing the Spoils of Victory
In our crypto odyssey, it’s essential to have a fair division of the loot. The Legacy NFT rewards pool will claim 60% of the profits garnered from our utility products. The remaining 40% will fill the Ark Treasury, ensuring our empire’s growth and prosperity.
Ark Foundation: The Grand Finale of an Era
In this thrilling story, even the most noble foundations must come to an end. The Ark Foundation, a cornerstone of our empire, is encouraging its patrons to withdraw their remaining treasures promptly. The grand finale is set for Monday, October 30, 2023, marking a significant chapter in our tale.
Investors Who Don’t Want to Migrate: Plot Twists for Everyone
For those who prefer not to join the migration adventure and get their hands on the Legacy NFT, there’s an option to stage their own solo quests. They can sell their ARKFI tokens on the Dapp Swap page until Monday, October 30, 2023. A thrilling twist: the cap on selling 200 ARKFI tokens is now lifted, allowing more opportunities to trade, with the only limitation being one sale every 24 hours.
Migration to Legacy NFT: A Voyage of Transformation
As our crypto saga unfolds, the Legacy Savings Account (LSA) contract will serve as the portal for migration, enabling investors to contribute their ARKFI token value tax free to acquire the coveted Legacy NFT. Following the final act of the Swap contract on October 30th, any remaining BUSD liquidity will be magically shifted to the LSA fund.
As a grand finale, the ARKFI token’s price will be adjusted to $0.10 per token for deposits into the LSA, and the token transfer tax will be a mere 2%. The LSA will remain open indefinitely, allowing time for minting and upgrading Legacy NFTs.
Ark Vault: The Treasure Chest’s Last Stand
The Ark Vault, like a hidden treasure chest, will keep its gates open until the LSA fund is depleted. Once the last gold coin is claimed, the Ark Vault will close, and any remaining BNB gas will be like the bounty of a pirate, refunded to its rightful owners.
Changes to Legacy NFT: Expanding the Universe of Wealth
To keep our story exciting for investors with smaller ARKFI token holdings, three new Legacy NFT levels have been revealed. These include Copper, Tin, and Bronze NFTs, complementing the existing Silver, Gold, and Platinum levels.
Current NFT levels
- Silver: $1,000
- Gold: $4,000
- Platinum: $10,000
Additional NFT levels
- Copper: $100
- Tin: $250
- Bronze: $500
Availability of New NFTs: A Surprise Awaits
LSA investors who embark on quests to deposit enough to mint one of the new NFTs will receive a delightful surprise when the new Legacy NFT contracts are deployed. Silver, Gold, and Platinum NFTs will be ready for your adventure, automatically minted or upgraded and deposited into your treasure chest.
NFT Yield and Payouts: The Magic of Earnings
The new Legacy NFT yield model is a spell in the making, more akin to a mystical staking ritual. Each NFT, a magical relic, represents a fixed value in the staking pool, equal to the total value of all NFTs minted, up to $6,000,000. And here’s the enchanted part: unlike traditional staking, a Legacy NFT can be traded or transferred without any mystical tax.
NFT Yield Boost: Secrets of Early Success
The wizards at Ark are working on a way to reward early adventurers. As the treasure chest’s wealth grows, the rewards paid to newer adventurers will dwindle. It’s all about the “Yield Boost,” a mysterious charm, assigned to NFTs based on when they embark on their quest. The date and time of the original NFTs may even require a magical reshuffle. When the new Legacy NFT contracts are deployed, upgrading NFT levels will be a story of the past.
NFT Future Valuation: A Tale of Everlasting Wealth
In our magical universe, the value of a Legacy NFT is based on the riches it generates, not its rarity. The earning potential of a Legacy NFT knows no bounds, promising rewards as long as profits flow from the ecosystem of utilities.
NFT Marketplace and Blockchain Migration: The Next Chapter
When our treasure chest, the $6,000,000 capital pool, is emptied, and all Legacy NFTs are discovered, an NFT marketplace will emerge. Here, NFT holders can engage in thrilling peer-to-peer sales. Moreover, the magical migration of Legacy NFT contracts to Polygon ZK EVM will bring rewards paid out in USDT, as our story continues in a new dimension.
In conclusion, the ARKFI Token Migration Plan is not just a transition but a magical transformation. As we embark on this fantastical adventure, we bid farewell to old ways and welcome the dawn of a new crypto era. The future of ARKFI promises boundless opportunities for investors and is an unfolding tale of prosperity in the decentralized universe. So, fasten your seatbelts, and prepare to join this thrilling saga. The ARKFI adventure is just beginning, and the best is yet to come!
The content presented in this Medium post is intended solely for entertainment and informational purposes. It should not, under any circumstances, be regarded as financial advice. The author of this post does not possess any qualifications as a financial advisor, and any investments that may be discussed within this article carry substantial risks. Prior to making any investment decisions, it is paramount that you conduct your independent research and seek counsel from qualified financial professionals. The information contained herein serves as a comprehensive summary of the data available regarding the Ark Project as of the date of publication. To access the most current and precise information regarding the project’s status, please refer to official sources associated with the Ark Project. Arkfi Telegram
