Following this week’s significant announcement of our plan for token migration on harmony Dapp, which will happen in a matter of hours, community enthusiasm reached ecstatic levels. Today’s article will aim to provide a more comprehensive description of the migration process and address some of the concerns highlighted by members of the community.

Why migration?

Thanks to the community’s support in general and the CGS on Harmony network, in particular, Cougar Ecosystem has grown tremendously. In exchange, we had built many earning features with high annual return rates in order to assure the profitability of holders. However, the team’s initial estimate of the maximum token supply is no longer appropriate, and the fact that is Harmony CGS token are being unused is a waste of an incredible resource prompting the necessity of token migration. Additionally, the move to migrate Harmony tokens was inspired by a requirement to deliver innovative functionalities for the new platform to foster the development of the Harmony protocol. In general, this token migration process will maintain the network intact and simply changes the contract address in order to pave the way for upcoming advancements of CGS token on the Harmony network.

How might token migration benefit holders?

The Migration event will take place from 5th to 15th May, 2022 on our official new Harmony Cougar Dapp: www.harmony.cougarswap.io

During our migration, pre-holders will have a chance to exchange at the rate of 1:1. There are a limited number of 3,000,000 tokens on former platform that are moved to another contact address in a complete new dapp as part of the procedure.

Therefore, holders certainly can take advantage of the pricing discrepancy and profit. In addition, we will create many new farming pools on the platform’s distinctive features that allow users to take full use of high APR Yield Farming strategies and exclusive staking mechanism resulting in significant earnings. Indeed, current and future investors can rest assured that their investment is secured, so ensure your stable passive income.

It would be best if you kept in mind that there will be a time restriction for migration; thus, we are urging pre-holders to move as soon as possible rather than later to get the best deal possible.