Cleo's Exciting Journey Towards a Multichain Future
Cleo Embraces the Multichain Era with Smart Contract Upgrade and Token Swap
We are thrilled to announce a significant upgrade to our smart contract and proposition that sees us transitioning to an EVM multichain contract.
This strategic move aligns with the evolving crypto landscape, where the ability for platforms to be able to engage in a multichain way is becoming increasingly vital. By embracing this change, Cleo is positioning itself to leverage the vast opportunities that multichain networks offer. Our commitment to staying ahead in the dynamic crypto world is unwavering, and this upgrade marks a pivotal step in our journey.
The Need for Multichain Capability: The crypto market is rapidly evolving towards a multichain environment. To stay competitive and relevant, Cleo is upgrading its smart contract to an EVM multichain contract. This upgrade is crucial as Ethereum Virtual Machine-compatible chains are the preferred network for a majority of crypto developers. With 87% of all active multichain developers working on at least one EVM network, the benefits for Cleo are undeniable. We are actively in integration and partnership discussions with a number of projects across chains, so we need to be able to interact with those networks at a contract level. This ensures the balance of supply, and makes us market ready.
Acquisition of DoinGud and Multichain Integration: Cleo recently announced that we are in the process of acquiring the DoinGud NFT marketplace (more information on DoinGud can be found HERE), which operates on both Polygon and Ethereum networks - with the users deciding which they prefer, so it’s become critical that our core smart-contract can operate across both of those environments - which currently it does not, as its Polygon only. This acquisition not only expands our capabilities, dramatically speeds up our roadmap but also aligns perfectly with our strategy to embrace multichain networks.
Advantages of the Upgrade: The transition to a multichain smart contract allows Cleo to integrate our systems, including the Cleo app and the DoinGud marketplace, across various EVM-compatible chains. This move will enable us to scale into other platforms and partners using different chains and explore opportunities with other DEXs like PancakeSwap.
Token Swap Details: To facilitate this upgrade, we will conduct a token swap. The process is straightforward and requires no action from the holders. It's a straight 1:1 swap (with no other changes), administered as a snaphot and airdrop with no claims process or gas, ensuring a seamless transition. We will snapshot all on-chain holders at 9 am UTC on January 31st, and the new Cleo tokens will be distributed from the new smart contract at 12 noon UTC on the same day.
Instructions for Bitmart Users: For those holding tokens on Bitmart, the process is even simpler. Bitmart will suspend trading, deposits, and withdrawals on January 29th, perform the swap on January 31st at the same time as the airdrop, and resume normal operations shortly after. We anticipate all activities on Bitmart to be back to normal on the day of the swap but they will communicate this directly.
Upcoming Exchange Listing: This upgrade is timely as Cleo is set to be listed on a new exciting exchange on February 7th. Completing this upgrade before the listing is crucial to ensure a smooth transition and to leverage the full potential of the new listing (and further listings coming later in March)
Important Notice for Liquidity Providers: If you have added liquidity to Uniswap pools, please ensure to remove it in time for the snapshot. Once the swap is complete, you can re-add it under the new contract.
In Summary: This upgrade is a critical step for Cleo, reflecting our commitment to innovation and our proactive approach in adapting to the crypto market's trends and opportunities. Also, and importantly this allows us to integrate DoinGud. We are excited about this new chapter and are dedicated to making this transition as efficient and smooth as possible for our community.
For more information and regular updates, follow us on our social media channels. Your support and trust in Cleo are invaluable as we embark on this exciting journey towards a multichain future.
Important Update: The migration completed successfuly and we have now migrated from:
OLD CONTRACT —> 0xfc2d761544C335df930ef9863C671CFE953e4EA4 to the
NEW CONTRACT —> 0xF9B2Ebdfa24688f0Dfb12cc55782e635f91E64a2
And remember Cleo is on the Polygon network and available to trade on MEXC and Bitmart.
