Big news is shaking up the layer-2 gaming space! ZKcandy, known for its focus on gaming, is officially merging with Kroma. This ZKcandy Kroma merger is a significant move aimed at creating a more unified and robust ecosystem for developers and users alike.
What is the ZKcandy Kroma Merger All About?
In a recent announcement via Medium, ZKcandy revealed its plans to integrate with Kroma. The primary goal is to tackle ecosystem fragmentation. By combining resources, infrastructure, and developer support, the merged entity aims to provide a stronger foundation for future growth, particularly in the gaming sector.
Attention KRO Holders: A Crucial Crypto Token Swap is Coming
For current holders of KRO tokens on the Kroma network, a vital crypto token swap program is being initiated. Here are the key details you need to know:
- Swap Pool Value: A total of $5 million in CANDY tokens is allocated for this swap.
- Distribution Method: The swap operates on a first-come, first-served (FCFS) basis. This means acting promptly is essential.
- Availability: The dedicated swap page will launch before June 30, 2024. This is ahead of the official CANDY Token Generation Event (TGE).
- Token Release: Swapped CANDY tokens will be released through a 90-day linear vesting schedule. Daily distributions will commence starting from the CANDY TGE.
Critical Dates: The Kroma Network Shutdown Timeline
The merger also brings a clear timeline for the phasing out of the existing Kroma network. Users and developers should mark these dates:
- June 12, 2024: All Kroma services will be discontinued.
- June 26, 2024: A complete Kroma network shutdown is scheduled.
This timeline underscores the urgency for KRO holders to participate in the swap before services and the network cease operation.
Why Unify a Layer-2 Blockchain?
Merging two projects, especially in the complex world of layer-2 blockchain technology, offers significant advantages. Unifying infrastructure reduces redundancy and can lead to more efficient development and operations. For developers, a single, larger ecosystem means broader reach and potentially better tools and support. For users, it can simplify participation and concentrate liquidity and activity.
Action Required: How to Participate in the KRO to CANDY Swap
If you hold KRO tokens, participating in the KRO CANDY swap is crucial to convert your holdings into the new ecosystem’s token. Keep an eye out for the official swap page link, which will be announced and go live before June 30. Remember the first-come, first-served nature of the $5 million pool and the 90-day vesting period for the distributed CANDY tokens starting from the TGE.
Summary: A New Chapter for ZKcandy and Kroma Holders
The ZKcandy Kroma merger marks a pivotal moment aimed at consolidating efforts in the layer-2 gaming space. While promising a more unified future, it requires immediate action from KRO holders. The crypto token swap offers an opportunity to transition to the new CANDY token, but the strict timeline leading up to the Kroma network shutdown on June 26 means prompt participation is necessary. Ensure you access the KRO CANDY swap page before June 30 to secure your share of the $5 million pool and become part of the combined layer-2 blockchain ecosystem.
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