Liquidity Pool Update

  1. With transaction fees on Ethereum remaining stubbornly high, we cannot build a play-to-earn gaming token ecosystem on the back of Ethereum.
  2. While we did consider alternative EVM (Ethereum based) and non-EVM networks such as Avalanche/Gnosis/FTM/Starknet and more, we cannot ask everyone in our community to bridge and move, hence our decision is constrained to deciding between BSC and Polygon.
  3. Community feedback was not decisive one way or the other, however there was an overall slight tilt towards BSC over Polygon. Every vote mattered and was counted!
  4. Now we are moving away from a game that is played entirely on chain, gas fees (except for fees on Ethereum) do not factor significantly into the equation. If we were to consolidate to BSC only, this doesn’t preclude on-chain games still being played on Polygon either with our existing bridge or through custodial wallets, gasless transactions, etc.
  5. The number of TANKS token holders on BSC is significantly higher than Polygon, meaning fewer people will be disrupted by choosing BSC.
  6. More people and more total capital exists on the BSC network than on Polygon at this stage, although we note that many players and investors are savvy enough to navigate this landscape.
  7. The instability of Polygon has had a major negative impact on our product and we believe these issues will remain on Polygon into the foreseeable future. Insofar as we still have on-chain interactions, we want to use a stable network.
  8. This decision does not prevent us from launching NFTs on Ethereum or from creating future liquidity pools should conditions change.

FAQ

What does this mean for me?

If you just want to continue to hodl — this doesn’t change anything. If you want to buy or sell tokens on a DEX — you need to obtain BNB as the gas token and/or bridge your tokens to BSC.

I have never used BSC before, how do I…

We will provide resources in the future on our documentation portal (https://docs.tanksforplaying.io/), however for now, our community can be of assistance during this transition period.

I cannot use BSC — what do I do?

Please contact us if you cannot use BSC and you either want to trade on a DEX or join a game using TANKS tokens.

Do I have to use AnySwap to move tokens to BSC?

No — we will extend the functionality of our bridge to permit token movements from Ethereum and Polygon to BSC. The bridge will be made free for a period of time and we will batch transact token movements to ensure the process is cost effective for all parties. After this initial period is over, the bridge will remain but will function in a part time capacity.

What about staking?

Now we have chosen a chain and as we head towards launching Play-to-earn, we will also launch new staking initiatives. Stay tuned for more details.

When will this happen?

The consolidation will happen on Saturday 7th May.

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