Announcement on the Destruction of 4,129,806,311 Non-circulating ERC20 MAP Tokens and Their Replacement with the Native Coin MAPO

Dear Community Members,

Following our announcement on March 14th about changing the ticker, today we’d like to inform you of an important decision.

We plan to destroy a total of 4,129,806,311 non-circulating ERC20 MAP tokens currently held by our valued Institutions and Partners, Team, Foundation, and within the Ecosystem. These tokens will be transferred to the address 0x0000000000000000000000000000000000000001 for one-time destruction.

As part of this change, we will issue corresponding MAPO tokens on our mainnet to the original addresses of the aforementioned holders. The conversion from ERC20 MAP to the native MAPO will strictly adhere to a 1:1 ratio, ensuring a fair transition.

Thank you for your continued trust and support!

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MAP Protocol 🟣 Bitcoin layer-2
MAP Protocol

A Bitcoin layer-2 and peer-to-peer omnichain infrastructure built upon light clients and ZK technology, focusing on cross-chain interoperability.