It’s time for
$GMika to graduate into something more than a memecoin.
So we’re shaking things up, big time. Because a CTO wasn’t enough, we’re taking over the entire economy.
We will be migrating the
$GMika token to
@virtuals_io 's Solana launchpad as a new token (ticker pending).
This will allow us to fully benefit from the Virtuals ecosystem, grow with it, and allow our existing holders to access the much deeper community of seasoned AI builders in Virtuals.
The migration details are as follows:
$GMika Current tokenomics:
25% team : 75% community
Which will be converted into:
New tokenomics:
35% team : 53% community : 12% locked in liquidity
Read this post by Vader to understand the reasoning behind the structure:
nitter.app/vaderresearch/status/1…
With this migration, the new token will be a fully functional agent token that is utilised within the tool economy to incentivize and grow the ecosystem, it is our hope that with the maturing of the project, it will also mean the maturing of how we treat the token as more than something to be speculated upon memes and tweets and random Twitter Spaces. Instead it can now become a powerful tool that we can use to negotiate with all parties to get our stakeholders a better deal.
Why the 35% Team/Treasury?
Of the 35%:
20% will go to the team, which will be locked for 12 months.
The other 15% will be reserved for the treasury.
Treasury portion is needed for flexibility; CEX listing fees, MM loans, community/staking rewards, treasury building.
So how can you claim your new tokens?
To ensure that we’re not accidentally dragging some dead wallets into the new fold with us, GMika holders will be required to burn their
$GMika tokens in order to get the new token airdrop.
To facilitate this, a burning page will be made available on Monday 1PM EST onwards, and will remain open for 5 days. After which, any unclaimed allocations will be burnt forever.
After the burn page has been closed. The team will proceed to activate the multisig’s
$GMika holdings and swapping it into the Raydium pool in exchange for as much of the LP’s SOL balance as possible. Do not panic, as this is merely for us to migrate as much of the liquidity from
$GMika into the new token as possible.
The new pool will be launched directly from Virtual’s Solana launchpad, graduation will be assisted by the team’s treasury.
After graduation, the earlier swapped SOL from the pumpfun Raydium pool will be used to TWAP over 30 days.
Finally, the new tokens will be airdropped to all who committed to burn their
$GMika tokens, thus completing our migration of holders.