The Bonding of Token ToolKit
First and foremost, I and the entire team want to say thank you. Thank you for your support, thank you for being the most amazing community, and thank you most of all for believing in us.
As many of you know, the reason why we decided to accelerate these changes was due to a whale event a few weeks ago. While these changes had been in the works, it forced us to move more quickly than we thought possible.
Over the past 14 days, we did a massive amount of work for you and we hope that we showed you that as a team, not only can we deliver, we will deliver for you.
WHAT TO EXPECT:
Here’s what you can expect over the next few days. We’ll be pumping out an article a day as well as a countdown video leading up to launch. The video and articles are meant to be shared on social media as well as keep the community informed on developments.
The video is a hype video, please share it with your networks to get the hype going so we can keep it sustained over the long term, not just the short term.
The entire team is working to make sure we keep everyone informed as best we can through the rest of this transition. Today we sold out our bond of BUSD/BNB in less than 3 hours and effectively pulled 68% of the active supply of Hedge off the market. That’s bonkers, to be honest.
If you have already bonded, the next day you need to focus on is Saturday at 1700 UTC. This is when you will be able to claim your new T2K tokens. There will be more on this in the coming days as well as the new zap to provide LP with two clicks. (You don’t have to use Pancake Swap if you’re suicide compounding).
If you are going to be claiming your tokens and adding additional BUSD to the LP, then you will still do that on Pancake Swap directly. We will have a video and article on how easy this is ready to go for you.
If you have not already bonded your HEDGE into T2K, tomorrow at 1700 UTC is the next time you should care about. Tomorrow it comes with a 15% bonus. Today’s bonding sold out in hours, so if you can please be quick as we don’t want you to miss out on more bonuses if you don’t have to.
SOME BONDING FAQS:
My bonding transaction went through but I still have my Hedge and no T2K owed?
You most likely only Approved, you need to Approve and then Bond.
Will my % ownership of the total supply decrease?
Yes, it will. Your $ value of tokens will remain the same or increase. This was necessary for the longevity of the project. We had too few people controlling too much of the total supply. Your % owned of the initial circulating supply will be about the same as your % owned of the Hedge total supply. ~50% of T2K is reserved for staking rewards over the first few years. This is how you can increase your % owned for free!
Will I immediately receive my T2K tokens?
No, you need to claim your tokens once bonding is completed.
My BNB Amount owed doesn’t seem accurate?
This is correct, there was an error converting the BNB values, Graham has compiled a list of everyone who bonded with BNB and the additional amounts they are owed. These tokens will be airdropped directly to your wallet once bonding is complete.
How can I tell if I bonded successfully?
You will see an owed amount of T2K, either on the main bonding page or the redeem tab of the bonding page for the token you bonded with
I only see an approve transaction in my wallet, not a bond one… what does that mean?
Unfortunately, that means you only approved the contract interaction, not the actual bonding. If this is the case, please make sure you return to the website and bond as soon as bonding is available again.
SOME TOKENOMICS FAQS:
The 40% isn’t completely accurate. The 20% applies more to value than the amount of tokens. The 20% in the Hedge Pool is calculated based on 33,000,000 initial supply, since we couldn’t know beforehand how much of the bnb/busd pool was going to be bonded, with a maximum of 7,000,000.
So assuming 1,500,000 Hedge (market value ~$2044). 20% bonus is calculated → 1,800,000 Hedge.
Owed T2K → 1800000/1000000000 * 33000000 = 59,400 T2K.
If we assume that the entire busd/bnb pool fills. Initial market cap will be $4,100,000 — $4,500,000 (did this quickly), so the value of those 59,400 T2K will initially be $2,435 — $2,673, which is 20%+.
You guys are fucking rockstars. Thank you again for your support and we can’t wait to show you how much utility we’re bringing to the crypto world.