A little update about our token

Rory Swann
tofuNFT
2 min readDec 23, 2021

--

It’s been not too long time since the first launch of tofuNFT, and it feels like just yesterday when we smash the launch button to deploy on Binance Smart Chain. In the past three months, we kept our promise on the roadmap, developed many exciting features, and achieved partnerships with almost all of the excellent GameFi projects like Polychain Monsters, The Crypto You, and CryptoGodz.

It’s unbelievable that tofuNFT today is already deployed on 10 blockchains, serving all kinds of NFT teams and users all over the world, and ranked as one of the top NFT marketplaces among all chains. tofuNFT has truly become a huge success as a DeFi platform.

In the meantime, we received a lot of inquiries recently, about the future of our existing SCV tokens and how the tokenomics of tofuNFT would become since the staking reward has come to an end this month. And many people also asked us if there would be a new token for tofuNFT since the name of SCV isn’t quite related to tofuNFT’s branding.

We’ve been discussing it inside the team for a long time and we believe that we’ve come up with a long-term solution.

New Token?

So first, yes, there will be a new token, as tofuNFT’s official utility token and mainly serve tofuNFT users.

Second, the $SCV token will NOT be abandoned. We will provide a migration solution that maximizes the benefits of tofuNFT users that also hold $SCV, at the time we announce the new token officially.

More info will be revealed once we finalized all the details of the migration.

Be Aware of Scams

Please be noticed that the new token does not exist yet. Scammers will almost certainly make fake tokens named TOFU and begin scam airdrops around this, so we need you to remember: unless there is an official announcement from tofuNFT, don’t trust anyone and there is NO official TOFU token yet at the moment.

We are very glad to meet everyone in our community during the past several months, and we deeply know that there is no chance we could get this far without your support. When we wave goodbye to 2021, please look forward to 2022 and the upcoming tofuNFT updates.

Merry Christmas and Happy New Year to all our friends at tofuNFT!

--

--