- Pegaxy has completed the migration of its VIS token from Polygon to Mirai Chain.
- Multiple VIS burns were carried out, which significantly reduced supplies.
- VIS liquidity on the Polygon platform has been removed and moved to the Mirai chain.
Pegaxia has taken a key step in its evolution, completing the migration of its VIS token from the Polygon network to the Mirai chain.
This transformation, part of a long-term strategy, it is not only a technical improvement but also strengthens the game ecosystem by consolidating tokens in fresh infrastructure which promises greater security and efficiency.
The process included a comprehensive liquidity burn and migration program that significantly reduced the total supply of VIS in circulation.
The first milestone of this migration was the closure VIS bridging periodwhat allowed Transfer of over 362 million tokens to Mirai chain.
During this process first combustion was carried out by eliminating over 2.1 billion VIS tokens from the total supply.
This had a direct impact on the token value because reducing the available supply strengthens the value of the remaining tokens.
Another crucial aspect of this migration was VIS Liquidity Management on Polygon.
Since it was no longer possible to send tokens directly to Mirai Chain, the remaining VIS liquidity was converted into USDT.
Total 8114.59 USDT was transferred to Mirai, where was it converted back to VIS, followed by a second burn of over 49 million tokens.
This approach allowed for further VIS supply reductions without the need to create fresh tokens, which ensures the stability of the blockchain ecosystem.
The last stage of migration included burning all remaining VIS in the Polygon network.
This action fully consolidated token on Mirai chainensuring that the tokens will no longer be used on Polygon.
Consolidating Pegaxa’s Future on the Mirai Network
Although some VIS holders may still have liquidity Polygon, They are we encourage you to withdraw these fundsbecause the token no longer has any function in this network.
Thanks to this migration, Pegaxia has made significant progress towards creating a more fluid, productive and secure environment for VIS.
Reduction in supply combined with liquidity and token migration to Mirai chainprovides Pegaxy with a long-term perspective for development and success.
