It’s time to provide you with a glimpse of what lies ahead after this significant milestone for EMDX and its token, $EMDX.
Relevant information about EMDX / AVAX Pool
After the TGE ends on Thursday, June 1st at 10 a.m. UTC, the EMDX team will be making specific adjustments to enhance the design and usability of the EMDX/AVAX pool on Trader Joe’s.
To do so, the existing pool will be temporarily suspended for approximately 3 hours, expecting to have it reactivated by 1 p.m. UTC. The new pool will restart keeping the last price of the current launching pool.
Concurrently, as part of our strategic approach to liquidity management, we will be reducing the AVAX liquidity in the pool by up to 50%, which will be redirected and promptly utilized with different liquidity strategies.
aEMDX Swapping
Users that took part in the EMDX Testnet and social media tasks and qualified for the First EMDX Community Airdrop (Genesis and Early users) already have their aEMDX (Testnet Tokens) and are able to swap them into the mainnet as follows:
- 1st tranche: 50% of these EMDX tokens will be fully unlocked 30 days after the TGE, specifically on July 1st, 2023.
- 2nd tranche: the remaining 50% of EMDX tokens will be unlocked 30 days after the 1st tranche unlock takes place, specifically on July 31st, 2023.
The swap will be available on the EMDX app, where users can connect their wallets and swap aEMDX tokens into EMDX mainnet tokens. More information about this topic will be shared as we approach the unlocking date.
Trading Competition Rewards and Trading Rewards
Following the TGE, we will ensure a fair distribution process for the top 50 participants of the two Trading Competitions and those who used the DEX for Trading Rewards. Therefore, we will provide detailed information about the timing and methodology of both distributions on Monday, June 5th.
Once again, thank you for being such an important part of EMDX, guys!
The EMDX Team.
