The stake-in period to merge took place successfully in November 2023. 

On December 1st 2023, the new DD token is getting listed on Uniswap and all merged tokens will become claimable or distributed. 

 

LATE COMER MERGE (if you haven’t merged yet)

We realized that if we allowed merging for another three months by smart contract – even on a worse ratio – that this would damage the DD price probably massively by people arbitrating DUCK, DDIM and DD. To prevent that, we adjusted the “Late-Comer Merge” strategy as follows:

1 WEEK LATE COMER MERGE

We will shorten the “late-comer merge” to 1 week starting from December 1st and we will only accept DDIM and duck, that have been in the wallet before November 29th 2023 or got withdrawn from the old farm (no new purchased DDIM or DUCK will be merged). The process will happen on manual requests via a form, no smart contract anymore. The ratio during this week will be for DDIM 1 : 3.5 and fur DUCK 30:1.

 Apply now for the manual token merge. Click here! 

 

6 MONTH EMGERENCY MERGE

 

After that 1-week period, we will merge/exchange old tokens for another 6 months until the end of May 2024, but the tokens only on dollar value of DDIM at $2.05 and DUCK at 0.021 as of Nov. 29th 2023. Example: if someone has 10.000  DDIM and request the exchange, we will calculate with the reference exchange rate of $2.05. He will exactly $20.500 in DD token based on DD token market price. The DD token price will be fixed at the time of sending out the DD tokens. Also, we will apply a vesting on that amount based on the current DD token price.

Vesting formula: for each multiple of the listing price of 0.55$ there is 1 month of vesting added, up to a maximum of 12 months. That means: 

 
DD rate < $ 0.55 no vesting

$ 0.55 < > $ 1.10 1-month vesting (50% immediately, 50% 1 month later)

$ 1.10 < > $ 1.65 2-month vesting (33.3% immediately, 33.3% each month)

$ 1.65 < > $ 2.20 3-month vesting (25% immediately, 25% each month)

etc. 

The vesting starts on the day of the payout, what will happen only once a month.

If the person would lose his Tier Group Access in the Inner Circle Group, we will give the possibility to lock the tokens but keep the group access.