Space Dumpling Migration

Hello everyone,

As you probably know along with DumplingSwap V2 we are releasing a new token — Space Dumpling Token.

We will perform a token swap (3:1) for all Dumpling Holders starting on Saturday 15th.

Why 3:1?

The ratio was calculated using the price of the Dumpling token on Monday 13th and the starting price of Space Dumpling. This process is different from a classic swap because we did not withdraw any liquidity thus Dumpling holders can now sell their tokens and earm additional money and they will still receive SpaceDumplings.

The snapshot of the addresses was taken on Monday 10th of May at 10am UTC.

Why are we performing the Migration?

We have deployed a new set of smart contracts, they contain tons of new features that will improve our application and tokenomics. Once deployed, smart contract’s code cannot be edited, so the only option to add new features is to deploy a new contract. That’s exactly the case with DumplingSwap V2.

DumplingSwap V1 became a target for trading bots and due to low transaction fee and lack of anti-whale system the price experienced high volatility, new contracts are aiming to fix that issue.

SpaceDumpling distribution process

We want to be fair with both our current investors and newcomers, that is why we have decided to airdrop the new token in 3 batches starting on Saturday 15th. That way we are trying to avoid token dumps that could negatively impact the price.

Tokens will be distributed from the following address:

0xE2A4d877F22e10C8a1C7E207f75443dFd0F8eFFB