PlayDapp: Token migration portal for self-hosted PLA holders planned to launch in March
2024-02-28 10:26
According to official news from Odaily, PlayDapp released the following updates regarding token migration: 1. For self-hosted PLA holders (PLA holders on non-coordinated CEX): The migration portal is planned to be launched in March, and the specific date will be in Will be announced later. 2. For PLA holders of CEX: The team is discussing, and in some cases trying to discuss, migration methods and procedures with CEX. Based on these discussions, the migration method and timeline for PLA holders may vary for each exchange. According to previous news, PlayDapp lost a total of $290 million worth of tokens due to two hacking attacks. PlayDapp stated in this regard that due to previous attacks on smart contracts, 1.79 billion invalidly minted PLA tokens were issued, and therefore it plans to launch new PDA tokens to replace them. PlayDapp will cooperate with some coordinated CEX to migrate from PLA to PDA, compensate PDA to users holding PLA, it will use the balance held by current users to compensate affected users according to the snapshot time, and will compensate affected users at 1 according to the snapshot time :1 ratio of all token holdings received.
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