changed 3 years ago
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NIP-7: Migration bonus

A summary of the Migration paths can be found here

Bonus structures

  • Migration path 1 : 25%
  • Migration path 2 : 50%
  • Migration path 3 : 100%

Constants

  • NSFW total supply ("NSFW_SUPPLY") will be 1 billion tokens
  • 50% of supply will be distributed to EXISTING_HOLDERS
  • ~169T tokens can possibly migrate

Calculation method

  • The PORNROCKET SUPPLY is assumed as 500T.
  • The burn wallet IS considered a holder.

Thus to convert 500T PORNROCKET to the agreed NSFW NSFW_SUPPLY we need to divide by 500,000 to have NSFW supply of 1 Billion tokens.

The existing holders will then be reduced by 50% as per NIP-4

Total NSFW tokens claimable can be expressed as:

A = YOUR_TOKENS divided 500,000
B = A * 0.5 

Then pending your migration option

    T1 = B * 1.25
OR
    T2 = B * 1.5
OR
    T3 = B * 2

A calculator has also been made here

Notes

The driver for the migration bonus is to rescue as much liquidity from the Pancakeswap LP which is effectively locked forever.

By incentivising holders to send their tokens to a MigrationMultiSig the signers, after a to be determinted snapshot date, will sell "migrated" tokens in the MigrationMultiSig with a view of extracting liquidity from the Pancakeswap LP.

Example senarios below:

Scenario one

Assuming 100% holder participation for migration option 2.

Holders             ~169T   — (Top 100k holders, minus dead, exchanges and treasury) 
Pancakeswap LP      ~177T   - (See CMC holder list) 
LP value (USD)      ~2.9MM  - https://dexscreener.com/bsc/0x8195143df00e94f320f3f60c48d5ed97a6bfabfc

Then
(169T/177T) * 2,900,000
 
~2.7M
~1.3M "real" value to be migrated

Scenario two

Assuming 50% holder participation for migration option 2.

~700k "real" value to be migrated

Scenario three

Assuming 25% holder participation for migration option 2.

~350k "real" value to be migrated
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