Catgirl Evolution: Multi-Chain Expansion, New Brand Identity, and DAO Transition

Dear Catgirl Community,

We are excited to share some groundbreaking updates as we celebrated our third anniversary this past May. Over the last three years, we’ve created a vibrant and supportive community while reaching significant milestones. Now, it’s time for Catgirl to enter its next phase of growth and innovation in the fast-paced crypto industry.

In this article, we unveil our ambitious plans for Catgirl’s future, including a smart contract migration, multi-chain expansion, new brand identity, and our transition to a Decentralized Autonomous Organization (DAO).

1. The Great Migration

Why Migrate?

Our primary goal is to achieve true decentralization. By migrating to a new smart contract, we aim to:

- Enhance security
- Optimize gas usage
- Remove unnecessary logic
- Prepare for multi-chain expansion
- Implement features necessary for our upcoming DAO

This migration will lay the foundation for Catgirl’s future growth and sustainability.

2. New Brand Identity

We all love Catgirl, and Catgirl will continue to be a part of our community through the Catgirl App. After the migration, we’re excited to introduce:

• New Token Name: Nya
• New Ticker: NYA
• New Supply: 99,999,999,999,999 (1:1000 ratio with old CATGIRL¢)

Why TBA??? We’re keeping it a surprise until migration day! This rebranding gives us a fresh start while building on our established community and ecosystem.

Don’t worry about the 1 Catgirl missing compared to the old supply. We will deduct one from our dev wallet to ensure the ratio matches.

3. Multi-Chain Expansion

The future of crypto is multi-chain, and Catgirl is prepared to embrace it. After the migration, we will expand to seven major blockchain networks:

- Base (BASE)
- Ethereum (ETH)
- Binance Smart Chain (BSC)
- Optimism (OP)
- Polygon (MATIC)
- Arbitrum One (ARB)
- Avalanche (AVAX)

This expansion will introduce Catgirl ecosystem to millions of new users and create new opportunities for growth and partnerships.

4. Bridge Implementation

To support our multi-chain vision, we’re implementing a new bridge powered by the Axelar Network. This secure and popular Web3 interoperability solution enables seamless transfers of tokens and NFTs between chains.

Token Transfers

• A 0.3% fee (in addition to standard bridge fees) will apply to help maintain infrastructure and support project growth.

NFT Transfers

• No additional fee beyond standard bridge fees.
• Supports all existing and upcoming NFTs (Catgirl NFT, Wearables, and Kemi).

5. Migration Process

The migration will coincide with our upcoming liquidity pool (LP) unlock. Here’s the timeline:

August 31

• Final preparations and checks
• LP unlocks

September 1

• Liquidity withdrawal and holder snapshot at the exact same block
• Liquidity will be split equally across all new chains and added to their corresponding most popular DEX
• Airdrop of new tokens to existing CATGIRL¢ holders at a 1000:1 ratio (1000 CATGIRL¢ = 1 new token)

We will communicate live progress on our social media during the migration.

What Do Token Holders Need to Do to Prepare for the Migration?

Self-Custody Wallet Holders (Recommended):
If you hold tokens in any Web3 Wallets, you don’t need to do anything. The new token will be airdropped to you automatically.

Gate.io and MEXC.com Holders:
We are working with their teams for the migration. Please follow our social media for updates.

LBank Holders:
Please withdraw all your tokens from Lbank and transfer them to a self-custody wallet as soon as possible. We do not support the migration for tokens held on Lbank, and you risk losing your tokens if they remain there.

6. The New Multichain DAO

Our new DAO will oversee all on-chain aspects of the project. After its launch, the DAO Treasury will:

• Manage all LP tokens across all chains
• Own critical smart contracts and the token
• Oversee all project-related assets

By transitioning to a DAO, we ensure that no single entity controls the token, making the project truly decentralized and community-owned. Blockchain and decentralization mean that control is distributed, and decisions about upgrades or changes to smart contracts must be approved by the majority within the DAO.

Our team of developers is dedicated to enhancing the project and supporting our token. Any modifications or upgrades must go through the DAO process. We are working diligently to get the DAO operational and will share more details through our social media channels.

This migration will be the only big changes that involve team decision, any future chain expansion will be controlled and decided by our upcoming Multichain DAO

7. FAQ

What will happens to my LP tokens?

• Please remove all LP tokens and hold only CATGIRL¢ until the migration.

How will NFT farming and rewards change?

• The NFT farming mechanism will be updated to support multiple chains. Keep an eye on our social media for announcements.

What about my locked CATGIRL¢ in NFT Farming?

• When you claim, you will receive new tokens instead of the old ones.

What happens to $PAW?

• $PAW will be deprecated. Please remove all LP tokens related to PAW in the meantime.

8. Next Steps

• Follow our official social media channels for regular updates.
• Ensure your tokens are in a supported wallet or exchange to prepare for the migration.
• Mark your calendar for the migration day on September 1st, 2024 (PST).
• Stay tuned for more details on our DAO implementation and governance structure.

We’re excited to start this new chapter with our community. Together, we’ll build a stronger, more decentralized Catgirl ecosystem that thrives in the evolving crypto landscape.

For any questions or concerns, reach out to us or join the discussion in our community channels. Let’s make this migration a success and usher in a new era for Catgirl!

Social Media:

To stay updated on the latest developments and announcements, be sure to follow us on our social media channels:

X/Twitter: https://twitter.com/catgirlcoin
X/Twitter: https://twitter.com/UniPawsWorld
Discord: https://discord.gg/3V8gZFP5kb
Telegram Community: https://t.me/catgirlcoin
Telegram Announcements Channel: https://t.me/catgirlannouncement
Reddit: https://www.reddit.com/r/catgirlcoin/
Medium: https://catgirlteam.medium.com/