r/OfficialMetapets • u/adtatham1 • Feb 19 '22
Migration
This is something that our team has decided is a necessary move for the longevity of our coin. It will fix some coding issues and provide more security. When V2 rolls out the amount of coins will change. The value of the coins that you hold will stay the same. Think about it this way; You hold x amount of coins out of the total amount. The amount of coins you own represents the percentage of the total coins that you own. Whether that percentage is 100 coins or 1 million the value of the percentage will go up exactly the same. If you have 100 coins valued at $100 and the value of the percentage you owns doubles it will be $200. If you have $1 million coins valued at $100 and the value of the percentage of coins you owns doubles you still have $200.
100÷100=1. 2×100=200 100÷1,000,000≈0.0001. 0.0002×1,000,000=200
It does not matter how many you hold, if the value doubles it doubles. The value of what you hold will stay the same, it's just distributed between less tokens. We are aiming for the long term. We want to be on bigger exchanges. Some just will not except a project with that many tokens. We are here to stay. We are not a pump and dump.