This is precisely what has killed alt coins. Being able to simply cancel support for your existin...
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Holders of $BANANA can convert their tokens to the new $KONG token at a 1:25 ratio at Token Generation Event (TGE). This conversion accounts for 28.20% of the total $KONG supply of 1 billion tokens. This move is viewed negatively by some as it sets a precedent for projects to abandon existing tokens for new ones.
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About Beanie
Beanie
By beaniemaxi
Crypto native since the early days. Went all in on DeFi summer. Then tripled down on NFTs. VC @gmcapital_. No paid promos. Not financial advice. I talk my book.