The Trips token was created January 21st of 2018 using the MIST wallet, which is not maintained anymore, and makes it hard to prove the properties of the token. The token is also mintable in theory, and very hard if not impossible in practice, while the idea is to have a non inflationary token. Also, since that time, many things changed in the ERC20 standard.

For these reasons, we think that an upgrade of the token is desirable and necessary.

The following are the proposed features of the upgraded Trips Token:

Max Supply: 63,000,000 (63 Million) The same as the existing token.

Mintable: NO Privileged accounts will be able to create more supply.

Burnable: YES Token holders will be able to destroy their tokens.

Pausable: NO Privileged accounts will be able to pause the functionality marked as whenNotPaused. Useful for emergency response.

Permit: YES Without paying gas, token holders will be able to allow third parties to transfer from their account.

Votes: YES Keeps track of historical balances for voting in on-chain governance, with a way to delegate one's voting power to a trusted account.

Flash Minting: YES Built-in flash loans. Lend tokens without requiring collateral as long as they're returned in the same transaction.

Snapshots: YES Privileged accounts will be able to store snapshots of balances that can be retrieved later. For on-chain voting, the Votes option is preferable.

ACCESS CONTROL Ownable: YES Roles: NO

UPGRADEABILITY: NO

LICENSE: MIT

UPGRADE STRATEGY

• Create the new token on the Ethereum blockchain: name and ticker TRIPS
• Bridge it to Gnosis and Polygon chains using their native bridges (we won’t write and maintain bridges)
• Write Upgrade Apps for Ethereum, Gnosis, so that users can upgrade from the old token to the new one by themselves. Polygon users can bridge back to Gnosis first.
• Deprecate the pools with the old token and create new ones with the new token.
• Stop the liquidity program for pools, which has been proven to just be a drain of tokens with little liquidity provided.
• Upgrade contracts will run for 365 days since their launch. After that, any non-upgraded token is not upgradable anymore.