Carry-SLG Merger Plan

Carry Team

Published in

carryprotocol

5 min readApr 22, 2024

1. The Results of Voting

We’re very proud to announce that the merger proposal of Carry and SLG has been approved!

CRE token holders and SLG token holders demonstrated substantial support for this merger, marking a remarkable milestone in our commitment to building a powerful next generation game infrastructure.

The voting event is conducted separately.

For the Carry community, the voting event began on April 14th, 2024, concluded after seven days. CRE token holders actively participated through Snapshot and Tbook, contributing to a final voting power of approximately 27M CRE, with 99.41% of voters supporting the merger proposal.

For the SLG community, the voting event began on April 15th, 2024, concluded after six days.

SLG token holders actively participated through Snapshot, contributing to a final voting power of approximately 10M SLG, with 100% of voters supporting the merger proposal.

2. The new token $GAME

Since the merger proposal has been approved, the new merged token is called Game Build. The ticker is $GAME.

$GAME’s new mission:

In a transformative move poised to reshape the gaming landscape, we are thrilled to announce a strategic merger between Carry and SLG.Games. This collaboration marks a significant leap towards establishing a next-generation gaming infrastructure that integrates the best of both Web2 and Web3 technologies. By leveraging Carry’s deep experience in blockchain and advertising alongside SLG.Games’ cutting-edge game development tools, we aim to create a dynamic ecosystem that not only enhances the gaming experience but also revolutionizes in-game advertising.

Our shared vision is clear: to forge a comprehensive gaming infrastructure that seamlessly blends traditional gaming models with the innovative capabilities of blockchain technology. This merger will facilitate the creation of a more engaging, rewarding, and sustainable environment for developers, advertisers, and gamers alike. Through the integration of advanced technological frameworks and the development of a slot-based advertising mechanism, we are setting the stage for a new era of gaming where interaction, commerce, and creativity converge.

As we step into this exciting new chapter, we remain committed to delivering value and enhancing engagement across the gaming community. Join us as we embark on this journey to redefine the boundaries of gaming and advertising through the power of blockchain technology.

3. Global Team of $GAME

Both Carry and SLG’s team have existed for several years.

Carry is founded and led by Grant Sohn, Stanford graduate and Seattle native, who has invaluable experience in leveraging blockchain and advertising technology, which has been successfully applied into the physical store domain.

SLG is founded and led by Kolomoitsev Artur, who has 5 years of management experience in the Internet and blockchain, 2 years of experience in the gaming industry. He started a business in the field of Web3 and NFT Game in 2021, and carried out blockchain game incubation, marketing, and publishing.

Carry’s development team is led by CTO Andy, who graduated from National University of Singapore and was an early member of the Experimentation Platform team at Grab. He then spent several years establishing a new data department for AirAsia. In 2023, Andy’s path led him to Carry Protocol, where he is once again shaping the future with our innovative team.

The merger will lead to the combination of three talented leaders mentioned above, and the two teams will collaborate and work closely towards the same goal.

After the merger, Grant Sohn and Kolomoitsev Artur will be Co-CEO of GAME, Andy Pan will continue to lead the development team as CTO of GAME.

4. New token Swap Ratio

4.1 Swap Ratio between $CRE, $SLG and $GAME

Just like what we mentioned in our proposal, The swap ratio for the new token was calculated based on the average FDV of each token from 2024–04–05 to 2024–04–11. (*Data Source: CoinMarketCap)

*Swap Ratio

After the merger, the total token supply of $GAME will become 21,419,639,400.

4.2 Swap Mechanism

For those who hold $CRE and $SLG tokens on major exchanges, since the merger proposal is approved, we will communicate with major exchanges to get their support and announce the details in the coming weeks.

For those who hold $CRE and $SLG tokens in wallets, a token swap mechanism will be available in the coming weeks after the swap contracts are audited.

Stay tuned to our official channels where holders can access via links on our website.

5. Exclusive $CRE Holder Airdrop

5.1 Airdrop confirmed

We’ve announced in our merger proposal that we will allocate 3% of the new $GAME token as incentives for CRE holders. The amount of the $GAME used for the airdrop will be 642,589,182.

The tokens used for airdrops come from part of $SLG tokens unvested parts.

Based on the previous stated swap ratio, 1 CRE will be theoretically mapped into 1 GAME.

But with the airdrop incorporated, 1 CRE will actually be mapped into 1.064259 Game, with an increase of 6.43% in amount.

5.2 Airdrop rounds

A snapshot of CRE will be taken after the proposal passes. We will announce the exact date in our official channels once it is determined.

The airdrop will be carried out in four rounds. The first round will be announced through our official channels, we will unfold the rest rounds every three months until the airdrop is fully distributed.

For example, if a holder holds 1,000,000 CRE tokens at the snapshot time, the holder will receive 64,259 GAME Airdrop in total, but the distribution will be carried out in four rounds.

5.3 Airdrop Mechanism

For those who hold $CRE tokens on major exchanges, since the merger proposal is approved, we will communicate with major exchanges to get their support and announce the details in the coming weeks.

For individual wallet holders, a token airdrop-claim mechanism will be available in the coming weeks.

Stay tuned to our official channels where holders can access via links on our website.