Save the World V2!
Hello everyone. Last week, we gave an update on the current state of Save the World and what’s coming next. If you missed that article, you can read it here.
We had mentioned in our previous post that the current Save the World team has been looking for partners to continue the project and help it grow in a way that it hasn’t been over the last six months. Today we are happy to announce our partnership with the cryptocurrency project, Yummy!
Yummy is a crypto project that delivers value to holders through their growth fund. This fund is used across multiple projects to help develop, market, and buy back tokens that are part of their ecosystem. Currently, Yummy has access to over $1 Million in funds which in part can be used towards Save the World and its ambitions. Joe from Yummy is going to be helping with the transition and his team will be present in the telegram chat to answer questions. In addition to this, we expect new members from other projects currently in Yummy’s ecosystem to integrate with Save the World. We believe that with Joe’s help along with the team at Yummy, Save the World can be revitalized and injected with the funds it needs to move forward. In addition to assisting with development, the team over at Yummy will assume lead on all social media accounts, contact emails, and website management.
The Next Steps
In order to relaunch the token and create Save V2, a few things need to happen:
- Beginning next week, SAVE holders will have the ability to send in their tokens to a specified address in order to receive Save V2 tokens. This address will be whitelisted so that holders will not be subjected to the tax when transferring, ensuring their entire amount is accounted for.
- Once tokens are sent in, liquidity from the current Save the World LP will be drained and a new version of Save will be created. Holders who send in tokens will receive the new Save the World token at a ratio of 1:1.
- Users will have a grace period of 2 months to send in their tokens and receive SAVE V2 tokens at a ratio of 1:1. After the 2 month grace period, a 10% fee will be applied, increasing by 10% each month thereafter. This is done to give people enough time to send their tokens in, but we will be unable to exchange tokens of any amount for Save V2 after 1 year from the date of launch for SAVE V2.
- After next week, holders who send in V1 tokens will receive V2 Save tokens which will be immediately available for trade on Pancakeswap upon launch.
In order to make the process go as smoothly as possible, and to incentivize holders to send in their V1 tokens as quickly as possible, the following advantages will be given to those who migrate within 48 hours of the migration announcement next week:
- Random drawing for 20 Yummy NFTs (currently valued at .5 BNB each)
- Bonus Yummy tokens for SAVE V1 holders
- Access to a staking pool with over 500% APR in its early stages
To prevent investors from taking advantage of the migration, multiple snapshots have been made, and will continue to happen at random intervals.
Several utilities are also being added to Save. Upon receiving V2 tokens for SAVE. Holders have the option to sell, hold, or stake their SAVE V2 tokens and receive Yummy tokens via their staking protocol at staking.yummy-crypto.com.
Over the coming weeks, the Save community will be welcoming the new team into our Telegram, as well as members from other communities in Yummy’s ecosystem who are interested in what Save the World is looking to accomplish.
Over the next week, we’ll need help from our community to spread the word regarding migration. The sooner holders send in tokens, the faster we can move towards relaunch with as much liquidity as possible. We invite all holders to stay up to date and join in on the discussion in the Save the World telegram channel.
We’re looking forward to revitalizing Save and believe with the team over at Yummy, this will be possible and a new era of charities in crypto will begin.
About Save the World:
The SaveTheWorld Project sets its sights on becoming THE defining Impact Investing Token on the Binance Smart Chain Network. Our team has serious ambitions, and as a result we have decided not to limit our charity drives to one cause or another. Instead, the SaveTheWorld project will operate based on where it is needed most, with the help of our community deciding who gets help next.