Token migration

This proposal seeks approval of the new Niftyx tokenomics by the community members and token holders. The main goal is transitioning the old SHROOM token symbol into a new symbol more friendly for mainstream audiences, while also setting the stage for becoming Avalanche-native.

The suggested name for the new governance token is NIFTYX. The current supply of 65,557,424 will be simply rounded up to 100,000,000. So for each old token, 1.53 will be distributed.

1 SHROOM --> 1.53 NIFTYX

The process will also reinstate around ~7,300,000 of tokens from previous burning events. We suggest to use them as ecosystem rewards to fuel the next stage of growth with the following allocations:

• 5,300,000 for upcoming liquidity programs (rewards + pool setup)
• 1,700,000 for community incentives (marketing, design, community management, partnerships, etc)
• ~300,000 to cover and allow an exact exchange rate of 1.53 (otherwise the exact rate would be 1.52xxxxxxx)

The vote will be open for 5 days while we continue to setup the migration page.

Happy voting!