GAMEE, the developer of blockchain arcade gaming ecosystem Arc8 has announced the launch of the GMEE claim page, allowing token holders on Polygon to successfully transition over to the Ethereum network.

Claim Details

The studio has taken a snapshot at block 54189991 on Polygon, so if you owned the tokens in a decentralized wallet before this snapshot took place, that is, before the hack on Polygon happened, you are now eligible to claim your tokens on Ethereum using the official claiming page at a 1:1 rate. Tokens swapped or transferred after the snapshot cannot be claimed.

Users who happened to have bought the token after the hack took place will have their GMEE balance restored to its pre-hack state and will be “reimbursed for their cost of purchase with GMEE tokens,” according to the announcement. The market price used is taken from a random block (54790262) on March 18th, 2024 (04:05:55 GMT). One GMEE token was valued at $0.02111713 at that point in time. This means that if you bought the token after the hack with $100 USDT, you will be reimbursed on Ethereum with GMEE using the aforementioned market price, which in this case would be equal to around 4735 tokens.

To claim your tokens on Ethereum, simply head to the official page linked in the below tweet and connect your wallet to begin the process. You will need to however pay gas fees in ETH to successfully claim your tokens. Users who have a multi-signature wallet such as Gnosis Safe will have to take different steps in order to claim GMEE.

The transition of GMEE from Polygon to Ethereum was announced earlier this year following the hack that occurred on the Layer 2 network that led to around $7 million worth of GMEE tokens being stolen.