Tamadoge has ushered in the next era for its play-to-earn ecosystem, announcing the accelerated launch of its $TAMA V2 token on the Polygon network.
The strategic move comes in the wake of a recent hack that targeted the project’s liquidity pool. This prompted a swift and decisive response from the Tamadoge team, revealing the upcoming secret plan to migrate to a V2 token.
This decision addresses immediate security concerns while hinting at a possible roadmap update.
The big advantage of upgrading to polygon
Tamadoge’s transition to Polygon is a pivotal moment in its roadmap. In response to the unfortunate hack, the team is not only moving to a new network, but also completely replacing the existing ERC-20 token.
A move to Polygon was originally planned to be announced after delivery of the Tamadoge Pursuit game via a bridge, marking the end of the current phase of the roadmap. However, the game will instead be delivered after the V2 token is launched, which is now the main priority for reasons of security and improved user experience.
Polygon works as a Layer 2 scaling solution or sidechain, operating in parallel with the Ethereum blockchain. This setup facilitates fast transactions and minimal fees, making it perfectly suited for gaming applications. Additionally, it leverages the liquidity and robust security framework of the Ethereum blockchain.
As a result, the transition from Ethereum to Polygon represents a transformative shift for $TAMA V2 users, greatly enhancing their gaming experience by combining speed, efficiency and security.
How the $TAMA V2 Migration Process Works
To ensure a hassle-free transition for its user base, the Tamadoge team has outlined four steps to effortlessly transition all containers to V2.
Deployment of the new token contract:
The team will deploy an upgraded Polygon contract with additional security features, including blacklist and pause functions, to provide a more secure experience for the Tamadoge community moving forward.
2. Upgrade of the contract:
Next, the Strike contract will be upgraded. All stake balances and associated rewards will be transferred to the new contract on Polygon. Users will simply need to link their wallets to see their game tokens after the switch.
3. Conversion to Centralized and DeFi Containers:
For those holding tokens on centralized exchanges, there will be an automatic conversion to the new token. At the same time, DeFi and non-custodial holders will receive an airdrop of the new token, ensuring a smooth transition for all.
4. Liquidity Pool Addition and Trade Access:
Finally, along with the Airdrop and CEX transition, the liquidity pool on Polygon will be restored, creating a tradable pair that matches the pre-hack V1 price. This will ensure that everyone gets trade access at the same time.
Addressing the Hack – A Safer, Secure TAMA
The Tamadoge project faced a significant challenge when its developer wallet was targeted in a coordinated attack.
When the hackers exploited a contract vulnerability to gain access to the Tamadoge liquidity pool, the team acted quickly to limit the scope of the hack.
This was done by removing liquidity from decentralized exchanges and working with exchange partners to temporarily halt trading. Additionally, the poke and draw pages on the Tamadoge website have also been disabled as a precaution.
A thorough investigation is conducted to understand the cause of the break-in.
As a result of this incident, previously unannounced project plans are now being accelerated to improve security and functionality.
Tamadoge’s new future on polygon is bright
As Tamadoge embarks on its new journey with Polygon, there is palpable excitement within the community, fueled by the team indicating additional steps in the roadmap.
The community is full of speculation: What new features and expansions will Tamadoge introduce? How will this transition shape the future of the ecosystem? These questions indicate an exciting phase of anticipation and potential for Tamadoge.
The decision to delay the release of the Tamadoge Pursuit game, while initially disappointing, is now seen in a new light. This hiatus is considered a strategic move, allowing the team to take full advantage of the Polygon network and integrate it into the gaming experience.
Anticipation for the game has only grown as users look forward to an even more enhanced, seamless and engaging play-to-earn experience on the Polygon platform.
There are many benefits of the polygon chain for the Tamadoge ecosystem. This opens up a realm of new possibilities where users can now look forward to significantly lower transaction fees.
Faster transaction speeds on Polygon mean a smoother, more responsive gaming experience, which is essential for real-time play-to-earn games. In addition, the integration with Polygon’s strike contract will provide more rewarding experiences for players.
Integral to the migration is an increased focus on security. Polygon Network’s robust architecture offers enhanced security features, which are critical to protecting users’ assets and ensuring the integrity of the play-to-earn ecosystem.
This transition to a more secure environment reflects Tamadoge’s unwavering commitment to protecting its community and strengthening trust among its users.
Poised to redefine the play-to-earn landscape, the future of Tamadoge on Polygon is an exciting chapter in the project’s story. Its latest strategic pivot is therefore a testament to Tamadoge’s resilience, adaptability and commitment to delivering an exceptional and safe gaming experience to its community.
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