Forthewin Network announces merger with TTM; migration to Base network
Forthewin Community has introduced a merger with TOTHEMOON and a shift in focus towards improvement on the Base blockchain. The workforce cites a need to scale operations and stay aggressive within the decentralized panorama because the driving elements behind the transfer.
Since launching on Neo N3 in 2021, FTW has launched numerous merchandise, together with the open decentralized alternate Smith, and a spread of multi-chain utilities reminiscent of locker, batch switch, and bridging instruments. FTW additionally developed Neo Boyz, a set of 1111 distinctive NFT characters.
Below the merger, TTM will migrate to Base, and FTW builders will consider integrating EVM-based merchandise whereas supporting TTM on the brand new community.
As a part of the transition, NEP token holders will see their holdings merged into TTM at a 50% ratio, with 1,000 NEP equating to 500 TTM. Whereas most FTW merchandise on Neo are decentralized and require minimal maintenance, energetic improvement on these platforms shall be phased out.
The FTW workforce has additionally accomplished a large-scale token burn. A complete of 70,706,341.27 NEP has been faraway from circulation, together with allocations held by the lead developer, workforce, liquidity swimming pools, and Neo X advertising and marketing funds, leaving the circulating provide at 51,976,430.89513559.
An extra 14,608,716 NEP stays to be burned from bridges, farms, and lockers. FTW has inspired its group to comply with the official TTM account on X for future updates.
The unique announcement will be discovered on the FTW Discord:
https://discord.com/channels/927982854187659375/966736913388175472/1333906853863755850
