This page serves to clarify the ongoing contract updates and the integration of a new bridge, which involves both technical adjustments and liquidity changes. Our primary goal is to ensure compatibility with the new bridge that will connect two blockchain ecosystems.
We understand that there has been some confusion regarding the impact on your tokens, liquidity, and the role of the contract update. This page outlines the steps being taken, key actions required from users, and a clear explanation of the process.
Bridge integration
We have partnered with a new bridge provider to connect two blockchain ecosystems. However, certain technical adjustments to the contract are necessary before the bridge can go live. These changes involve unlocking liquidity, implementing new features, removing clashing utilities and ensuring compatibility between the two chains.
Technical Details: Our team is working closely with the bridge provider to finalize these technical changes, which include the new contract address and bridge functionality.
Liquidity Removal: Part of the liquidity from both Ethereum (ETH) and Binance Smart Chain (BSC) will be temporarily removed. This step is crucial to stabilize the two chains.
We want to emphasize that while rumors may suggest an immediate launch once liquidity is unlocked, this is not the case. The process is complex and cannot be completed in 24 hours.
Action Required from Users
To ensure that no tokens or NFTs are lost during this process, we kindly request the following actions from all users for now:
NFT Marketplace: If you have NFTs listed in the marketplace, we ask that you unlist them to prevent any complications during the update and or to prevent any losses.
Token Staking: If you have tokens locked in any staking pools, please unstake and claim them as soon as possible.
Do Not Restake: Please do not restake your tokens in any of the pools for the time being. We advise against staking until the update process is completed.
Emergency Withdraw Button
An emergency withdraw button has been implemented in the DApp for both ETH and BSC stakers. This button allows users to unstake their tokens if necessary. Please ensure you refresh the DApp if you cannot see the EMERGENCY withdraw button.
ETH Stakers: While there is a 15% penalty fee for ETH stakers, we will manually refund this fee later to address any unfairness caused by the current situation.
BSC Stakers: No penalty fee is applied for BSC stakers.
Important Notice for Users Waiting for Pool Unlock
Users who prefer to wait until their pool unlocks in a few days may do so, but please note that we cannot guarantee you will still be able to claim rewards with your initial tokens. We cannot confirm if the migration process will have started by then. The migration can begin at any time, and once it starts, we will announce it.
Emergency withdrawal Means you will receive your initial tokens back in your wallet. Unfortunately, rewards will not be included, as this is an emergency withdrawal. This occurs because the rewards were disrupted due to not staking for the full period.
Liquidity Status:
ETH Liquidity: The ETH liquidity tokens were successfully unlocked as of last night.
BSC Liquidity: The liquidity on the BSC chain has already been unlocked
Liquidity is untouched and still in tact
We will notify the community when the liquidity is completely removed and when the contract update progresses to the next stage. Please continue to monitor official channels for real-time updates and technical announcements.
REMINDERS
Unstake and Claim: If you have tokens staked, please unstake and claim them as soon as possible.
Unlist NFTs: If you have NFTs listed, please remove them from the marketplace.
Stay Informed: Always refer to our official communications to stay up to date with the latest information.
Please keep an eye on this page as we will be adding a FAQ list and providing status updates regularly.
FAQ: QUESTIONS AND ANSWERS
When will I receive the reimbursed 15% fee?
We will reimburse the 15% penalty fee once everything is settled. The amount will be manually sent to the wallets we collect from Etherscan. In case we encounter any issues, we will reach out to you through our socials to collect your wallet information. Please do not send your wallet address to any of the admins unless we specifically ask for it.
What if I don't have time now to unstake/claim my tokens?
You will still be able to "emergency" withdraw your staked tokens during and after the migration. However, please note that with an emergency withdrawal, you will only receive your initial investment, not your rewards, as this is a special emergency option. This option will be available for a limited time once we go live, giving users additional time to collect their tokens.
What will happen with my tokens on the Exchanges?
coming soon
What will happen with my tokens?
The creation of the new contract address will not affect the overall balance or value of your tokens. You will receive 1:1 of your tokens that you own. We will notify users on how to obtain the new tokens once we reach the next step in the process.
Do I have to unstake my NFTs?
No, you only have to remove your NFTs from the Marketplace.
My tokens are locked in the stakingpools
An emergency withdraw button has been implemented in the DApp for both ETH and BSC stakers. This button allows users to unstake their tokens if necessary. Please ensure you refresh the DApp if you cannot see the EMERGENCY withdraw button.
ETH Stakers: While there is a 15% penalty fee for ETH stakers, we will manually refund this fee later to address any unfairness caused by the current situation.
BSC Stakers: No penalty fee is applied for BSC stakers.
Is this a migration?
Recent discussions and rumors have raised questions about whether the current actions represent a typical "migration" or simply a contract update. We wish to provide transparency regarding the changes and clarify the situation. This process is an update that involves the removal and addition of features to make the contract compatible with a new bridge.
To be technically correct, this is a migration where you will receive new tokens into a new contract in your wallet. The value will be 1:1 of your current tokens holdings that are visible in your wallet.
Help, I didn't take out my NFTs from the marketplace!
coming soon
Can I have the new ca early?
The new CA will be released and shared once its verified by our bridge partner and team.
Can we still trade $CATBOY when liquidity is removed?
No, you will not be able to trade $CATBOY until the new contract is live on the DEX. CEX will also follow once the contract update is complete.
Will the token price change after the migration?
The marketcap value will be determined by the amount of liquidity we re-add to the contract. This calculation will be made and announced at a later stage. Please be patient and wait for further announcements as we will take you through it.
Will the supply change with the new contract?
No, we will keep 100m tokens on each chain.
What will be different besided the reason of a new ca?
this info will come soon
What is the deadline for withdrawing my staked tokens?
At the moment, we do not have a set deadline for withdrawals, as we want to ensure all users are informed about the migration. However, we strongly encourage everyone to withdraw their tokens as soon as possible. The exact start date for the migration process is still uncertain, it can start any day.
What does liquidity unlock mean?
Liquidity "unlock" means making funds that were previously locked or unavailable accessible again. In crypto or DeFi, liquidity is often locked to ensure security or prevent market manipulation.
For our project, the liquidity was locked for 12 months and 6 months from the beginning of the launch. This means we couldn't access or withdraw the liquidity before the lock expired. Now that the lock period has ended, the liquidity is unlocked, allowing us to move it into the new contract.
As part of our plan, we will only use a portion of the unlocked liquidity to stabilize both chains with the same amount. The remaining liquidity will be allocated for other purposes, including supporting the bridge, covering costs related to the migration (such as developers salary), and refunding transaction fees, among other expenses.
What did you do to inform us about the migration?
We've been preparing for this migration for months! We've been clear from the start that we had to wait for the liquidity to be unlocked, and we hinted multiple times about a new bridge company that required some technical adjustments on our contract.
The first official announcement regarding the steps to take was posted on December 3rd here: Official Announcement. Since then, we've made sure to keep everyone updated across all our channels.
To ensure constant communication, we've:
Tweeted daily about the migration process.
Changed the group name on Telegram for better visibility.
Posted regular Telegram stories to keep you in the loop.
Our sub Twitter account, Sora, has also been actively tweeting about it.
Instagram and Tiktok stories + posts
We’re committed to keeping our community fully informed every step of the way!
I want to wait to withdraw to collect my rewards
Users who prefer to wait until their pool unlocks in a few (1,2,3,4..) days may do so, but please note that we cannot guarantee you will still be able to claim rewards with your initial tokens. We cannot confirm if the migration process will have started by then. The migration can begin at any time, and once it starts, we will announce it. This decision is still at your own risk.
Disclaimer: This page will be fequently updated, and information may change as the process progresses. Please be aware of any updates and make sure to stay up to date with the latest information.
