3.1 Migration Mechanism and Swap Rate
Existing holders will be able to migrate their BSC-based NNN tokens to the new Base-based NNN tokens through a market cap-adjusted swap mechanism.
Market Cap-Based Swap Calculation:
- The swap will be calculated based on each holder’s proportional share of market cap (MC) at the snapshot date.
Example Calculation:
- Snapshot Market Cap (MC) = $222,000
- User holds NNN worth $2,220х4.2 at snapshot (1% of total market cap of old NNN token).
- 9324$/0.006 = 1 554 000 New NNN tokens same cliff and vesting will apply as for the round 1