Benji Bananas ecosystem to launch a new token BENJI replacing PRIMATE
Dear Benji family, as many of you may be aware, a number of months ago our market maker wallet was compromised, leading to approximately 30 million (20%) of the PRIMATE tokens in circulation being stolen. To ensure the future of Benji ecosystem is built on a solid foundation, we are launching a new token, BENJI, to replace PRIMATE. All PRIMATE holders should swap your PRIMATE to BENJI; if you have PRIMATE in your wallet, you should not move your funds now; if you staked PRIMATE or PRIMATE LP tokens on SushiSwap or ApeSwap, please unstake and withdraw to the same wallet. Swap will be available on Benji Bananas website soon. Stay tuned for further announcements.
So what exactly is changing?
The new token, BENJI (Token Address: 0xca5b0ae1d104030a9b8f879523508efd86c14483), will replace PRIMATE in our future Play-and-Earn (P&E) events and the larger Benji Bananas ecosystem. The tokenomics, total number of the token and circulation will stay the same as the existing amounts of the PRIMATE token. The new token launch aims to mitigate as much risk as possible for our holders and community.
What is the timeline for the new token rollout?
Overview
We have taken a snapshot of your PRIMATE tokens in your wallets and liquidity pools at the time of this announcement. Please refrain from transferring any PRIMATE tokens in or out of your wallet(s), unless you have PRIMATE tokens in liquidity pools (for more information, please see the section below: ‘For Liquidity Pools on Decentralized Exchanges’). PRIMATE trading will also be paused on Huobi.
(At the time of announcement) 17 July 2023, 12:30am UTC -
We have:
- Taken a snapshot of current PRIMATE tokens in wallets and liquidity pools
Starting from 17 July 2023 -
We will:
- Pause PRIMATE token claim function on the website. Tokens unclaimed will be available for claim once the new token launch is complete (please stay tuned for any updates)
- Pause transaction on centralized exchange (Huobi)
- Create new liquidity pools for BENJI (please stay tuned for pools created)
- Allow you to swap PRIMATE to BENJI at a 1:1 ratio (please stay tuned for the function release)
- Each wallet can only swap ONCE
- The amount you can swap is determined by the amount at snapshot AND the amount you currently hold in your wallet
Example
- If you have 100 PRIMATE in your wallet and liquidity pool at the time of Snapshot,
- At the time of Swap, you have 100 PRIMATE in the same wallet
→ You can swap for 100 BENJI
- If you have 100 PRIMATE in your wallet and liquidity pool at the time of Snapshot,
- At the time of Swap, you have 200 PRIMATE in the same wallet
→ You can swap for 100 BENJI
* Additional PRIMATE will not be allowed to swap
- If you have 100 PRIMATE in your wallet and liquidity pool at the time of Snapshot,
- At the time of Swap, you have 50 PRIMATE in the same wallet
→ You can swap for 50 BENJI
* You can only swap the amount of PRIMATE (on Ethereum) you currently have in your wallet and you can only swap once. Make sure you have all the eligible PRIMATE for swap. If you have PRIMATE on Binance Smart Chain (BSC), please bridge it back to Ethereum to the same wallet.
* Please read through the How to Swap guide before swapping.
18 July 2023 and onwards -
- Resume the P&E claim function on the Benji Bananas website
- After the above, everything will resume normally using the new token BENJI. You have 1 month to swap all your PRIMATE to BENJI
- BENJI will be listed on Huobi on or before 31 July. Please stay tuned for our updates
- Pay attention to our community channels for special events for on-chain BENJI holders
How will the new token be rolled out?
For PRIMATE token holders
Right before BENJI is available to swap:
- A snapshot will be taken to record the amount of PRIMATE tokens in your wallets
- DO NOT move your PRIMATE
After BENJI is available to swap:
- Read through the How to Swap guide to understand how you can swap your PRIMATE tokens to BENJI tokens using the same wallet
- Each wallet can only swap ONCE
- The amount available for swap is determined by the amount at snapshot AND the amount you currently hold in your wallet
- If you have PRIMATE on Binance Smart Chain (BSC), please bridge it back to Ethereum to the same wallet
- If your PRIMATE is in somewhere other than MetaMask or Coinbase and you are not sure how you can swap, please fill out the Google Form by 21August, 2023
For Centralized Exchange (Huobi):
Right before getting airdropped BENJI:
- All transactions of the PRIMATE token will be paused
After BENJI is airdropped:
- PRIMATE token holders will be airdropped a corresponding amount of the new token BENJI
- The new token BENJI will be listed
For Liquidity Pools on Decentralized Exchanges
Right before BENJI is available to swap:
- Read through How to Swap guide
- Unstake and withdraw your PRIMATE from liquidity pools or liquidity pool tokens from liquidity pool staking. If you have accumulated rewards, please claim from the pool and submit the Google Form by 21 August, 2023
After BENJI is available to swap:
- Read through How to Swap guide then swap for BENJI with your withdrawn PRIMATE
- New liquidity pools will be created with added liquidity. Please stay tuned for updates on liquidity pools
For team wallets
Right before the new token launches
- A snapshot will be taken for the amount of tokens in each of our team wallets
- Treasury — https://etherscan.io/address/0x41c517C9A1051da7704D8DE3e6e642597D7e13FC
- Play and Earn— https://etherscan.io/address/0x28CCF125B7751e830FC0f345690806905CAA4E0a
- Liquidity — https://etherscan.io/address/0xa62b87cd634fCeab940361e6C9584d620E904e11
- Marketing — https://etherscan.io/address/0x88BB5B695535D7ACb5970FE9F9E698d16f55bf16
After the new token launches
- The corresponding amounts of new token will be airdropped to our new team wallets
- Treasury — https://etherscan.io/address/0xfbcaf73b64b72430e1e0997c520855dec5c31b04
- Liquidity — https://etherscan.io/address/0x6b8b3D1C86AF05FCc3Ba02604d54d548a07aE6c7
- Play to Earn — https://etherscan.io/address/0x60BF29cB0b5e6AE35fffC2787B4182eAcf009d0C
- Marketing — https://etherscan.io/address/0xE90B7573abD99e27e9c02BDBc30A403528dBA67e
- The hacked amount will be airdropped to Liquidity wallet
Please see How to Swap guide to swap for BENJI. Note that the swap supports Ethereum. If you have PRIMATE on Binance Smart Chain (BSC), please bridge it back to Ethereum to the same wallet first. For details, please check How to Swap guide. If you have trouble bridging, please submit the Google Form by 21August, 2023
If you have any questions, feel free to reach out to us on Discord. We have a dedicated channel (benji-swap) where you can ask and discuss any questions you have. To keep up with our news and announcements on latest events, please follow us on Twitter.
Questions?
Reach out to us! If you have any questions, feel free to contact us!
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