Gmr Migration is starting from December 6. See the new additions in Gmrv2 and how the minting schedule would work.
Gmr token, gaming crypto, has been announced to be migrated from Gmr 1 to Gmr 2. The Gmr center has said that migration would start from December 6. The whole process would be announced on the company’s social media channels.
People who hold Gmr in the United States are excited to see what the other side of Gmr Migration would entail. In this article, we will see how the process would work and what nuance would be associated with the migration of Gmr.
What is a Gmr Token?
Gmr is crypto for the gamers, which the investors can purchase via Gmr finance’s non-fungible Leets. The token is very popular and is an excellent asset invested in by various gamers. Gmr is Gmr cryptocurrency ticker symbol. It has significantly been trending and valuing better since its advent.
An increasing number of investors have motivated the newly announced Gmr Migration. Gmr has retained first place in the top ten gainers among Play to Earn projects in the past few weeks.
Where and How to Buy Gmr Crypto?
The current valuation of the Gmr token is $0.000000200801. It had an all-time high of $0.000000872959 in May 2021. The price has gone down in the past few months. If you want to buy Gmr, you can visit the ApeSwap exchange, where after selecting a cryptocurrency wallet and selecting a digital currency, the Gmr would be bought easily. There is also an option to increase-slippage percentage to front-run the trade.
Gmr Migration: Gmrv1 to Gmrv2
The migration of Gmrv1 to Gmrv2 will begin on December 6. The users will automatically migrate if they hold Gmr on any centralized exchange. The tokens, inequitable proportion, would be distributed by the centralized exchange platforms later on. The conversion ratio is 1,000,000:1.
For people who hold Gmrv1 outside a centralized crypto exchange, a Migration dApp being made on the Gmr Centre has to be used. GMR v2 Migrated Token certainly has extra security measures like multi-signature, time lock, and OpenZeppelin Defender. The developers have asserted that Gmr Migration, Gmrv2 is the most secure version to date.
A single point of failure would be prevented in the new version. Three separate developers would be controlling the Gmrv2 in consonance with timelock and multi-signature. An ample amount of time would be given to the investors to sell their tokens.
The company has also promised to start minting in 2022 to celebrate its fifth anniversary. A blockchain-based schedule for minting will regulate it. The minting would start in May 2022 and would run till 2026 in its first cycle.
Conclusion
Gmr is set to migrate from Gmrv1 to Gmrv2. The company would be announcing the notifications on its social media handles. Gmr Migration would also be added with unique security mechanisms such as multi-signature and timelock.
Gmrv2 is the most secure version to date. It would also give users ample time to sell off tokens. A minting process would be promised to be starting from May next year.
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