❕Migrating From Ethereum Mainnet
Last updated
Last updated
As we pave the way from Protectorate Protocol to Zaar, our framework for token migration ensures a seamless transition for our $PRTC holders. An integral part of this transition is the conversion of oPRTC to XP, aligning with our revamped rewards system. This guide serves to walk you through both processes, ensuring clarity every step of the way.
On April 10th, 2024, migration from $PRTC to $ZAAR opened. Ensure you have access to your wallet and that your $PRTC tokens are not locked or staked in any way that might hinder the migration process.
Access the token migration page via Zaar.Market. This dedicated portal is where you'll seamlessly convert your PRTC tokens into ZAAR.
Simply unstake your xPRTC, and continue to migrating your PRTC to ZAAR.
Follow the instructions provided on the migration page to exchange your PRTC tokens at a 1:1 ratio for ZAAR. Later, holders of oPRTC will have the opportunity to convert their holdings into XP, which will play a pivotal role in the new rewards mechanism under Zaar.
The transition from oPRTC to XP underscores our commitment to simplify and enhance user rewards within the Zaar ecosystem. Here’s what you need to know:
Conversion Ratio: Details on the specific conversion ratio of oPRTC to XP will be provided as we approach the migration date. Rest assured, the process will be straightforward and aimed at preserving the value of your holdings.
Benefits of XP: XP introduces an innovative way to engage with and benefit from the Zaar platform. It’s designed to reward our community members for their active participation and long-term commitment.
Utilizing XP: Holders can use XP to unlock special features, access unique rewards, and enhance their overall experience within the Zaar ecosystem.
Total Supply: 100,000,000 $ZAAR, mirroring the 1:1 migration strategy from $PRTC.
Diverse Allocation: Including Strategic Reserve (42.5%), Incentives (25%), Contributors (17.5%), and Investors (15%).
Locking and Rewards: Choose to lock $ZAAR for 90 days for a 4x multiplier on protocol revenue in ETH and XP, or opt for immediate liquidity with a reduced reward rate.
If you have a balance of oPRTC, it will be automatically converted.
Converting oPRTC to XP aligns your holdings with Zaar's evolved ecosystem, enabling engagement in a refined rewards program designed for community growth and personal gain.
While the migration page opened on April 10th, 2024, we encourage you to migrate and convert at your earliest convenience to immediately start benefiting from the $ZAAR ecosystem, there is no time limit.
Since xPRTC is liquid, you can unstake at any time. Once unstaked, migrate your PRTC to ZAAR via the UI.
