2nd AGOV Migration
Sign-up for the 2nd AGOV Migration Whitelist
https://forms.gle/Bp1rJuYd7qJoco279
The 2nd migration is separate from the 1st migration. Therefore, the applicants for the 1st wave must also submit a new application form to participate in the 2nd wave.
2nd AGOV Migration Schedule
1) 2nd Snapshot: 09:00 EST on September 13, 2022
2) 2nd Migration Application Deadline: 09:00 EST on September 19, 2022
3) 2nd Migration: 09:00 EST on September 20 - 09:00 EST on September 26, 2022
2nd AGOV Migration Policy
1) A total of 100 members will be selected to participate in the 2nd AGOV Migration (The 1st AGOV Migration whitelist selection has been completed).
21 Legendary LLC holders can participate in the migration if they want. Including above, a total of 100 members will be selected from among ClubRare DAO Pilot members.
As the 2nd migration is separate from the 1st wave, the applicants for the 1st wave must submit a new application form to participate in the 2nd wave.
ClubRare DAO Pilot members are the ones who are holding 500,000+ AGOV or 1+ Lazy Leo Club NFT in their wallets.
ClubRare DAO members who applied for the migration waves may be given the opportunity to participate as a reserve.
2) Token Migration Period The token holders participating in the migration to supply liquidity to the AGOV-ETH pair can choose the token lock-up staking period between the two options: 90 days and 180 days.
3) Criteria of Participation The amount of AGOV tokens migrated from KCT to ETH will be determined considering the current price of AGOV-ETH on Uniswap. In other words, AGOV-ETH price will become the base price of AGOV token after the token migration. AGOV-ETH AMA on Uniswap: https://bit.ly/3Slch1k
2nd AGOV Migration Rewards
1) Participation Right for Bridge service
After the launch of Bridge service, participants of the 1st wave can freely swap their Klaytn-based AGOV tokens to ETH-based AGOV tokens without supplying liquidity in the 2nd wave.
2) LLC Minting
LLC NFT will be provided as a reward according to the amount and duration of ETH supplied to the liquidity.
After the LP lock-up staking period is over, the participants can mint LLC as a reward by entering the wallet addresses participated in the staking on LLC website.
LLC is the VIP membership NFT for the entire ClubRare Universe which currently holds the floor price of 2.2 ETH.
Rewards for 90-day LP lock-up staking: 1 LLC + MPWR rewards will be provided for every 1 ETH participated
Rewards for 180-day LP lock-up staking: 2 LLC + MPWR rewards will be provided for every 1 ETH participated
3) NFT Rewards other than LLC Minting
Rewards for 180-day LP lock-up staking:
2 random-tiered LLC minting per every 1 ETH participated + 2 Rare-tiered LLC for all participants
2EA of ‘2nd WAVE of ClubRare Governance’ Accessory NFTs provided
‘2nd WAVE of ClubRare Governance’ Accessory NFT’s effect (The tier of Item NFTs will be randomly distributed)
2 ‘Item NFTs’ will be provided per 1 LLC NFT every 1 month after the LLC staking feature launch (The tier of Item NFTs will be randomly distributed)
Above Item NFT distribution will be continued between the time of LLC staking feature launch and The House product launch. Above policy is subject to change after the launch of The House product.
Above rewards can be earned only by maintaining the ‘entrance (staking)’ status of LLCs in My Room for a month.
My Room feature launch is moving forward separately from The House product launch.
Rewards for 90-day LP lock-up staking:
1 random-tiered LLC minting per every 1 ETH participated + 1 Rare-tiered LLC for all participants
1EA of ‘2nd WAVE of ClubRare Governance’ Accessory NFT provided
‘2nd WAVE of ClubRare Governance’ Accessory NFT’s effect (The tier of Item NFTs will be randomly distributed)
1 ‘Item NFT’ will be provided per 1 LLC NFT every 1 month after the LLC staking feature launch (The tier of Item NFTs will be randomly distributed)
Above Item NFT distribution will be continued between the time of LLC staking feature launch and The House product launch. Above policy is subject to change after the launch of The House product.
Above rewards can be earned only by maintaining the ‘entrance (staking)’ status of LLCs in My Room for a month.
My Room feature launch is moving forward separately from The House product launch.
LLC Utility information:https://t.me/ANSWER_GOVERNANCE/235549
4) MPWR Rewards
MPWR rewards equivalent to 20% APR will be provided after the lock-up staking period is over. The APR is subject to change depending on the market situation.
5) Recommendations based on the Purpose of Token Migration
Holders do not need to swap all their KCT-based AGOV assets to ETH network in the 1st token migration. As the price of AGOV(ETH) is more than 10 times higher than AGOV(KCT), we recommend you to migrate only a portion of your assets (around 10-30%) through this LP lock-up staking event.
Participants of the 1st wave can freely swap their AGOV tokens from KCT to ETH without supplying liquidity in the 2nd wave, so we recommend moving the rest of your assets at that time.
Eligibility & Criteria for the 2nd AGOV Migration Whitelist
1) Every one of the 21 Legendary LLC holders who submit the proof of ownership and application form will be whitelisted for the 2nd wave. Moving forward, we will continue to strengthen the benefits of LLC holders by putting the Legendary LLC holders as our top priority.
2) ClubRare DAO Pilot members who submit the proof of DAO membership, token balance and application form will be selected based on the token balance and ClubRare DAO tier they are holding at the time of selection. ClubRare DAO Pilot members have priority in selection regardless of the amount of AGOV(KCT) tokens held by non-members, so we highly encourage all token holders who wish to participate in the migration to join ClubRare DAO.
Sign-up for ClubRare DAO: https://bit.ly/3IpIAHV Invitations to join ClubRare DAO are being sent on every Fridays. Applicants will be automatically connected to the DAO using an Ethereum-based wallet after supplying liquidity to the Ethereum mainnet.
ClubRare DAO Sign-up Guide: https://docs.clubrare.xyz/agov-token-and-dao/agov-dao-sign-up-guide
3) In the case of AGOV(KCT) token balance in each wallet and KSLP(KCT) holders who are providing liquidity to the AGOV-KLAY pair in KlaySwap, the amount of AGOV(KCT) in the liquidity pool will also be calculated based on the same criteria above.
4) All ClubRare DAO members who submitted their application forms may also be given the opportunity to participate. Therefore, we highly encourage all AGOV token holders who wish to participate in the migration to join ClubRare DAO and submit their application forms in the subsequent waves.
Purpose and Detailed Policies of AGOV Migration to Ethereum Network
https://docs.clubrare.xyz/agov-token-and-dao/agov-migration-plan
The Purpose of Token Migration to Ethereum network and Global Business Development Plan
The Purpose of Token Bridge launch & Token Migration (Community-based ETH Liquidity Supply)
Detailed Policy of the 1st Token Migration
Reward System of the 1st Token Migration
Changes in ClubRare Farm DeFi (KCT) following the AGOV(ETH) Network Expansion
Further Announcements following the AGOV(ETH) Network Expansion
ClubRare and AGOV Roadmap for the 2nd half of 2022
https://docs.clubrare.xyz/agov-token-and-dao/agov-2022-roadmap
In addition to the Phase 1-3 schedules below, we are preemptively preparing for the early introduction of AGOV(KCT) payment option and LLC holder-exclusive drops by reflecting the opinions of ClubRare DAO members.
Phase 1
August: 1st Token Migration for AGOV(ETH) Liquidity Supply
September: 2nd Token Migration for AGOV(ETH) Liquidity Supply
September: ClubRare Everyday Drops
1st ClubRare Token Bridge Launch (Participants of the 1st wave can freely swap their Klaytn-based AGOV tokens to ETH-based AGOV tokens without supplying liquidity in the 2nd wave)
Phase 2
2nd ClubRare Token Bridge Launch
3rd ClubRare Token Bridge Launch
September: AGOV(ETH) Payment Support on ClubRare Marketplace
Featured Drops on ClubRare Marketplace
Limited Drops for ClubRare DAO members
Phase 3
Launch of ClubRare Metaverse MVP, ‘The House’
Big Announcement in the 2nd half of 2022
Last updated