How to lock up your tokens for the migration to VEMP Horizon
What?
The migration is very simple. You do not need to claim tokens anywhere, you simply deposit your VEMP into the migration contract, and we will be airdropping the new tokens at a 1:1 raiot on Arbitrum Mainnet, or VEMP Horizon. (There is a bridge to send tokens straight from Arbitrum to Horizon.)
You can find a video guide to the migration on our YouTube channel here: https://youtu.be/lXSe9Wlv6wU.
The airdrop of new tokens will take place the following week, as we begin our Node Bootstrapping Event with NodeOps. You can find out more about that on our website: https://vemp.xyz.
Where?
The migration can be performed on our main dapp, which we have used for our staking pools. This is https://app.vemp.xyz. The front page looks like this. The migration will be live from Monday 2nd December.
How?
The migration is a 2 transaction process, and can be done directly on Ethereum, BNB Chain, Fantom, and Pulsechain. You can change the network with the dropdown at the top of the page, and make sure to change the network on your wallet too.
First Step, type the amount to migrate, or click Max to migrate it all. The token will cease to be used on any of the current chains so there is no reason to not migrate everything. Then click Approve. Complete the approval transaction in your wallet. The purpose of this is to allow the contract to deposit the tokens from your wallet into the lock contract.
Once the approval transaction is complete and has posted on the blockchain, the Approve button will now show as Migrate. If it isn’t doing it right away, refresh the page to update.
Second and final step, click Max again if required to populate the field, then click the Migrate button, and complete the transaction in your wallet.
Please note that this is an irreversible process, you cannot withdraw tokens once deposited.
The new token will be airdropped on Arbitrum in regular batches. The token contract address for VEMP on Arbitrum is 0xaF7E3F16D747e77E927dc94287f86eb95a64d83D.
