🤩$DOP Token Evolution
$DOP Token Migration to Ethereum (ETH) with Polygon Integration
Introduction of Ethereum-Based $DOP Token
As of February 16, 2024, Lost Dutchman Labs B.V. has officially launched a new iteration of the $DOP token on the Ethereum blockchain. This transition is designed to capitalize on Ethereum's robust infrastructure for main trading activities and liquidity pool management while retaining the Polygon network for its efficient transactional layer.
Key Features and Updates
Centralization on Ethereum: The new $DOP token is directly issued by Lost Dutchman Labs B.V. on Ethereum, ensuring a cohesive and secure integration with the broader financial ecosystem.
Polygon Network Integration: The continued use of Polygon facilitates a dedicated transactional layer, supporting staking, validation, rewards, and treasure-claiming activities with enhanced efficiency and reduced costs.
Token Mapping and Interoperability: A formal mapping process between Ethereum and Polygon tokens has been established through official Polygon channels, ensuring seamless interoperability and user experience across both networks.
Transition Details
For Existing Token Holders
Token holders are provided with detailed guidance on migrating their holdings to the new Ethereum-based $DOP token. This process is designed to be straightforward and supported by comprehensive resources to facilitate a smooth transition.
Liquidity Pool and Financial Operations
The migration to Ethereum brings forth the establishment of a liquidity pool directly managed on the Ethereum network. This strategic move enhances the liquidity and stability of the $DOP token, providing token holders with opportunities for participation and investment.
Transactional Layer on Polygon
By leveraging Polygon for the transactional layer, the $DOP ecosystem maintains its commitment to efficient, cost-effective operations. This dual-network approach ensures that the ecosystem's operational efficiency is maximized without compromising on security or scalability.
For detailed instructions on how to migrate from the Polygon-based $DOP to the Ethereum-based $DOP. Please refer to the "Ethereum Migration" page.
28 July 2023 - Migration from BSC to Polygon
In the dynamic world of cryptocurrency, tokens may undergo significant changes to better fulfill their roles within their ecosystems. This document serves to outline the transformation of the $DOP token to its current iteration.
Phase-Out of Original DOP Token:
The original DOP token operated as a decentralized entity with no direct ties to Lost Dutchman Labs B.V., functioning independently within the broader crypto ecosystem.
Introduction of the Updated $DOP Token:
Effective July 28, 2023, Lost Dutchman Labs B.V. has launched a new iteration of the $DOP token tailored to integrate with the D-Drops ecosystem more efficiently.
Key Updates to the $DOP Token:
Centralization: The new $DOP token is officially issued by Lost Dutchman Labs B.V., distinguishing it from the original decentralized version. This ensures a token that is fully aligned with the strategic vision and utility within the D-Drops platform.
Blockchain Adoption: The updated $DOP token is built on the Polygon network, chosen for its benefits of lower transaction costs and faster processing times, enhancing the user experience within the D-Drops community.
Transition Details:
Users holding the original DOP token are advised on the process of transitioning to the new $DOP token to take full advantage of the updated features and benefits within the D-Drops platform. Detailed instructions and support resources can be accessed through the following sections of our documentation.
Last updated