💼 **Lybra Finance Token Migration Update** 💱
📅 Lybra Finance reports that $1.8 million worth of tokens (around 13% of the circulating supply) remain un-migrated after the October 1 deadline.
🔥 The original plan calls for burning un-migrated tokens, but investors found the 30-day migration period too short.
🤝 The Libra team presents three alternative options: 90-day vesting, a 20% volume reduction, or adhering to the original burn plan.
📊 The options may undergo modifications before a vote on the agenda, scheduled for Friday.
#LybraFinance #TokenMigration #CryptoNews #Investors #CryptoUpdate 🗳️🔥📆

Polygon targets Q4 2023 for MATIC token migration. The migration will be a four-step process, starting with the launch of the Polygon 2.0 staking layer. The new staking layer will use the POL token, which will eventually become the native gas token for all Polygon networks.

#Polygon #MATIC #POL #TokenMigration #crypto

Why is Coinbase Opting Out of the ASI Token Merger Migration?

Coinbase has announced it will not facilitate the ASI token merger migration for users, diverging from other exchanges. Instead, it will continue trading support for Ocean Protocol (OCEAN) and Fetch. ai (FET) tokens while allowing users to handle migrations through self-custodial wallets, including Coinbase Wallet.

The ASI token merger, set to launch in mid-July, aims to combine OCEAN, FET, and SingularityNET (AGIX) into a single token to promote decentralized AI infrastructure and challenge Big Tech's dominance. The combined market cap of these tokens is currently $5.8 billion. While other major exchanges like Bitfinex, Binance, and KuCoin plan to support the merger and halt the affected tokens starting July 1 or 2, Coinbase’s decision stands out.

The merger will occur in two phases. In Phase 1, starting July 1, OCEAN will migrate into FET. Phase 2 will see the launch of ASI and the merger of FET into ASI in mid-to-late July. Despite not facilitating the migration, Coinbase’s continued support for trading and enabling self-custodial migrations still offers users a way to participate in the merger.

Coinbase's approach contrasts with other exchanges’ strategies, potentially affecting users who prefer custodial solutions. However, by maintaining trading support and shifting migration responsibility to users, Coinbase remains involved while promoting user autonomy in managing the token swap.

#TokenMigration #Cryptocurrency #Blockchain #Cryptonews #Coinbase