Spredict - WhitePaper v1.0
  • 📽️Introduction
    • About us
    • What makes us different?
      • Spredict runs on Abstract
      • Fixed predictions and Live Odds
      • PvP - Player vs Player
      • Discord Prediction Bot
      • Sponsor and Custom Pools
  • 🏆What is Spredict?
  • 🎮Spredict overview
    • Connect your wallet to play
    • Games
    • Games modes
    • Play-To-Earn mechanisms
      • Free-To-Earn
      • The Spredict Pass as a path to the Predict-To-Earn experience
      • Predict-To-Earn with $SPI token
      • Predict-To-Earn in Discord
      • Custom-To-Win
  • 🔍Market & Competition
    • Market analysis
    • Competitive landscape
    • Sports betting market
  • 🪙$SPI Token
    • $DAOG Migration
    • A new token and a new chain
    • $SPI Token and Utility
    • $SPI Launch
    • Use of funds
    • Tokenomics
  • 📊Economic model
    • Swap Tax revenue
    • Spredict Pass: Predict-To-Earn
      • Predict-To-Earn: Token Fee Model
      • Predict-To-Earn: Discord Bot Token Fee Model (White Label)
    • Other platform revenue streams
  • 🛣️Roadmap
    • Product & Development Roadmap
    • Marketing/Expansion Roadmap
  • 🏘️Our People
    • Partners
    • Founders
    • Core team
    • Ambassadors
  • 🎭Community
  • 🚨Disclaimer
    • Nature of the Whitepaper
    • Risks and uncertainties
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  1. $SPI Token

$DAOG Migration

Previous$SPI TokenNextA new token and a new chain

Last updated 4 months ago

A process was put in place to incentivize $DAOG holders to claim their $SPI tokens and provide perks for those who migrate.

From the start of the migration until October 20th, 2024, $DAOG holders were able to send in their $DAOG tokens to be able to claim their $SPI tokens. Those who sent in their tokens before the end of the bonus period (July 26, 2024), have received a token bonus in $SPI. The tokens will be claimable according to Spredict's .

As an example, Mark bought 1,000,000 $DAOG before the migration process began. Mark migrates his $DAOG before the end of the bonus period. Mark will be eligible to receive 1,150,000 $SPI (1,000,000 for migration and 150,000 as a bonus). Mark will be able to claim 230,000 $SPI (20%) after the TGE (Token Generation Event), and then, 115,000 $SPI per week over the next eight weeks.

After the bonus deadline, $DAOG holders were no longer eligible for the bonus. However, these holders were able to benefit from a 1:1 $DAOG to $SPI migration until October 20th, 2024. Holders always had the choice (with liquidity remaining on the ETH/DAOG pair through October 2024) to be able to either support the migration and the project's long-term vision, or exit the project.

On October 20th, 2024, the team will remove any remaining liquidity on the pair ETH/DAOG on Uniswap and will keep those funds for the development of the project and initial Liquidity Pool creation for the SPI/ETH pair.

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tokenomics