Voordewin Network has announced a merger with Tothemoon and a shift in focus to development on the basic blockchain. The team cites the desire to scale up operations and to remain competitive in the decentralized landscape as the floating factors behind the move.
Since the launch on NEO N3 in 2021, FTW has introduced various products, including the open decentralized Exchange Smith, and a series of multi-chain utensils such as locker, batch transfer and bridging tools. FTW also developed Neo Boyz, a collection of 1111 unique NFT characters.
Under the merger, TTM will migrate to basics, and FTW developers will concentrate on integrating EVM-based products, while TTM is supported on the new network.
As part of the transition, fake topping holders will see their participations merging in TTM with a ratio of 50%, with 1,000 fake equal to 500 TTM. Although most FTW products are decentralized on NEO and require minimal maintenance, active development on these platforms is phased out.
The FTW team has also completed a large-scale token fire. A total of 70,706,341.27 fake has been removed from the circulation, including allocations from the main developer, team, liquidity pools and NEO X marketing funds, leaving the circulating range at 51,976,430.89513559.
An extra 14,608,716 fake still has to be burned by bridges, farms and lockers. FTW has encouraged its community to follow the official TTM account on X for future updates.
The original announcement can be found on the FTW -Discord:
https://discord.com/chahanels/927982854187659375/96673691388175472/133390685386375850550
Credit : cryptonews.net
