Base Migration Details + Frequently Asked Questions (FAQs)
Hi explorers! We’ve shared last week during GDC 2024 a very exciting news that is set to chart Iskra’s trajectory for 2024 — we are migrating to Base!
This is a big move that involves several changes on our platform, and it is our goal is to make this migration as easy and seamless as possible for all our users.
If you just heard about our migration, you can check out our migration announcement to see why we’re moving to Base. We’ll be updating this blog as soon as more details become available so please make sure to also visit this regularly.
Regarding the migration schedule, there’s no fixed date yet but we’re aiming for the end of April, and we’ll reflect that detail here once it is final.
Frequently Asked Questions
Q: What will happen to the existing ISK?
A: Existing ISK on Base and Klaytn won’t go away but will be obsolete after the migration. They will have to be converted to the new ISK using our ISK Converter.
Existing ISK on Base and Klaytn will be on a 1:1 conversion, and we will provide more details and links as we get closer. Please wait for our official announcement and do not trust any other links!
Existing ISK on Ethereum will remain the same and can be used as is.
Q: What will happen to staked ISK (sISK)?
A: Your staked ISK (sISK) will automatically be migrated and you do not need to do anything.
Q: I own a Pioneer NFT (P-NFT). Do I need to do anything?
A: You don’t have to do anything because they will be automatically migrated. The P-NFT must be in your wallet before the end of April, which is when we start the migration.
Q: I have participated in the Launchpad for WOW and/or NIM IGOs. Is there anything I need to do?
A: Our Launchpad on Klaytn will continue to operate in parallel for a limited time. Vesting claims for both IGOs need to be executed on Klaytn. The vesting will end at the end of June for both IGOs.
Q: What will happen to game tokens WOW, GRAM, CANDY, and MST?
A: We will provide ISK pairs for all game tokens on Base chain. Existing game tokens issued on Klaytn may or may not be supported on Base. This is to be decided by our game partners.
MST will be supported on Base.
GRAM and CANDY are expected to be migrated to Base but no schedule has been finalized yet.
WOW is not likely to be migrated to Base. WOW will be supported on Klaytn as usual but Iskra swap will not support it after some time.
Note that Iskra Swap (Portal) will support tokens on Base only after the migration.
Existing game tokens on Klatyn can be swapped using Klayswap for a limited time.
Q: Will Iskra Bridge be available during the migration?
A: Iskra Bridge will be transitioning from our Wormhole-based implementation to Layer Zero V2 during the migration.
The Wormhole-based bridge will be stopped/deprecated a week before the migration.
Q: What will happen to iUSDT?
A: iUSDT will not be available on Base and will be deprecated on Klaytn with the migration.
Before the Wormhole-based bridge is stopped and deprecated , you can convert your iUSDT on Klaytn to USDT on Etheruem using our existing bridge.
Once the Wormhole-base bridge is deprecated, you will not be able to bridge iUSDT to USDT. We will temporarily provide a wallet for you to send iUSDT on Klaytn to receive USDT on Ethereum.
Q: What will happen to the Iskra Market and what can I do with my existing game NFTs?
A: Iskra Market will be migrated Base. NFTs from new games will be sold on Base (including INO).
Legacy marketplace on Klaytn will be supported for a limited period of time for existing game NFTs (WOW and NIM).
Q: Is there any difference when I use Daily Lucky Spin and Quest Wall?
A: No, you can continue to use it as is.
Q: Is there any changes to Governance Voting?
A: We will continue to use snapshots on Base for governance voting exactly the same way as before.
Q: Will there be an airdrop with the Base migration? Where can I get more information?
A: We are working on the details and we will share it as we get closer. Thank you for understanding.
Q: Is there going to be a tokenomics revamp with the Base migration?
A: Yes. We will be sharing the details soon as we get closer.
About Iskra
Iskra is a single-destination Web3 game platform for developers and players that rewards them for their contribution and participation through a unique community system on the blockchain. This allows stakeholders to take a major part in building the platform for future growth.
Current services include a wallet, DEX, marketplace, NFT Mission Card (daily reward), governance staking and voting, and soon-to-launch Web3 casual and hyper-casual games.
Backed by some of the biggest technology and video game companies in South Korea, Iskra ranks in the top categories for gaming in DappRadar for unique active wallets per day and engagement.
Explore the future of play!
Originally published at https://news.iskra.world on March 27, 2024.
