The first public release of The Terminal will coincide with the start of SQDGN->DSQD token migration. Initially access to The Terminal will be based on this migration and not staking, which will be available only after the migration is finished.
Here's how the migration will look like:
- We deploy all smart contracts, announce all the dates and details for the community. Migration is in "NotStarted" state.
- We enable migration deposits. Users can deposit their old (SQDGN) tokens into the migration vault contract. This can be single or multiple deposits per single user. Migration is in "DepositOpen" state.
- We disable migration deposits, user can no longer deposit SQDGN tokens. Migration is in "DepositClosed" state.
- We migrate token supply by minting 1B (total supply of SQDGN) DSQD tokens. Migration Vault smart contract will receive 1 DSQD for every 1 SQDGN depositted into it by users. The difference between total supply and tokens migrated (1B - SQDGN balance of MigrationVault) will be sent to projec