The big GMC24 Migration

  • Higher liquidity for fractionalized collections as a result of yield-farming incentives
  • Improved discoverability of popular NFT collections
  • A large community of NFT collectors and investors
  • Platform governance through their UNIC governance token
  • Yield Farming of UNIC for liquidity providers of whitelisted collections (and we are working to ensure GMC24 will be included in this whitelist!)

The migration and vote

We are planning to issue a governance vote to withdraw all 24 Genesis MoonCats from Niftex and move them to a Unicly vault. Based on the NIFTEX governance settings, token holders will have 5 days from the initial release of this proposal to accept or reject it, and anyone holding over 3% of the supply can reject the proposal during this time period. This means that, as significant GMC24 holders, ponderware will be able to reject this proposal if they believe this move is not in the best interest of the community, or support it if they agree with our conclusion that this will be beneficial.

Unicly Launch and Marketing

More details on the launch with Unicly will be released in the coming days. We will be working with Unicly to bring uGMC24 to new communities across the NFT and DeFi ecosystems, and have more exciting things planned already that we will cover in our next update.

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