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Dragan
Dragan
Jan 10, 2024
News

Axie Infinity Announces AOC Token Migration to Ronin

Sky Mavis is migrating Axie Origin Coin (AOC) tokens from Ethereum to Ronin on January 22nd at 7 AM UTC, after which holders will be able to use the tokens to give birth to new Origin axies.
Axie Infinity Announces AOC Token Migration to Ronin

Sky Mavis has announced to the community of Axie Infinity that the Axie Origin Coin (AOC) tokens are officially set to be migrated to the Ronin network. 

Migration Details 

According to the announcement, a snapshot of the AOC contract is scheduled to take place on Monday, January 22nd, at 7 AM UTC. With this snapshot, the team will be able to successfully migrate tokens from Ethereum over to Ronin, so if you own AOC tokens before that date on Ethereum, then your tokens will be sent to the equivalent address on Ronin. This means that if your address on Ethereum is, for example, 0x5htm8, then the address on Ronin, ronin:5htm8, will be the one to receive the same number of tokens as the one on Ethereum. 

The official post states that this migration is mandatory, meaning that once your tokens get migrated to Ronin, the AOC contract on Ethereum will be paused, which means that those tokens will no longer be possible to move after the snapshot. 

Benefits 

Once this migration is completed, all AOC token holders will have the opportunity to roll their tokens, leading to the creation of new Origin axies, with 5 AOC needed for the birth of 1 Origin axie. The post states that there is a chance that one of these new axies gets born with a Mystic part, with info on probabilities set to be revealed in the near future. According to the studio, a total of 1375 AOC tokens have been left unrolled on Ethereum wallets, with the post stating that there are only 36 holders, one of them being the company itself. Sky Mavis states that the tokens they hold are reserved for “future marketing and rewards. 

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
Posted: 10 Jan, 2024 14:50 • Updated: 01 May, 2024 18:57
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