TL;DR
- Pegaxy has completed the migration of the VIS token from Polygon to the Mirai Chain.
- Multiple VIS burns were carried out, significantly reducing the supply.
- VIS liquidity on Polygon was removed and migrated to the Mirai Chain.
Pegaxy has taken a crucial step in its evolution by completing the migration of its VIS token from the Polygon network to the Mirai chain.
This transition, part of a long-term strategy, represents not only a technical improvement but also strengthens the game’s ecosystem by consolidating the tokens in a new infrastructure that promises greater security and efficiency.
The process included an exhaustive program of burns and liquidity migrations that significantly reduced the total supply of VIS in circulation.
The first milestone of this migration was the closure of the VIS bridging period, which allowed the transfer of more than 362 million tokens to the Mirai chain.
During this process, the first burn was carried out, eliminating more than 2.1 billion VIS tokens from the total supply.
This has had a direct impact on the token’s value, as reducing the available supply strengthens the value of the remaining tokens.
Another relevant aspect of this migration was the management of VIS liquidity on Polygon.
Since it was no longer possible to transfer tokens directly to the Mirai chain, the remaining VIS liquidity was converted to USDT.
A total of $8,114.59 USDT was transferred to Mirai, where it was converted back to VIS, followed by a second burn of more than 49 million tokens.
This approach allowed further reductions in the VIS supply without the need to mint new tokens, ensuring the stability of the blockchain ecosystem.
The final stage of the migration included the burning of all remaining VIS on the Polygon network.
This action fully consolidated the token within the Mirai chain, ensuring that there is no further utility for the tokens on Polygon.
Consolidation of the future of Pegaxy on the Mirai chain
Although some VIS holders may still have liquidity on Polygon, they are encouraged to withdraw these funds, as the token no longer has functionality on that network.
With this migration, Pegaxy has made significant progress toward creating a more seamless, efficient, and secure environment for VIS.
The reduction in supply, combined with the migration of liquidity and tokens to the Mirai chain, positions Pegaxy for long-term growth and success.
