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Home»TRADING NEWS»Play-to-Earn Games Trailblazer Tamadoge Reveals $TAMA V2 On Polygon
TRADING NEWS

Play-to-Earn Games Trailblazer Tamadoge Reveals $TAMA V2 On Polygon

By Crypto FlexsJanuary 31, 20245 Mins Read
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Play-to-Earn Games Trailblazer Tamadoge Reveals $TAMA V2 On Polygon
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Tamadoge kicks off the next era of the Play-to-Earn ecosystem with the announcement of accelerated launch of the $TAMA V2 token on the Polygon network.

This strategic move comes after a recent hack targeted the project’s liquidity pool. This prompted a quick and decisive response from the Tamadoge team, soon revealing their secret plans to migrate to V2 tokens.

This decision addresses immediate security concerns while hinting at a possible roadmap update.

Huge benefits of upgrading to polygons

Tamadoge’s transition to Polygon is a key moment in our roadmap. In response to the unfortunate hack, the team is not only migrating to a new network, but also completely replacing the existing ERC-20 token.

The move to Polygon was originally scheduled to be announced after the Tamadoge Pursuit game was delivered over the bridge, marking the end of the current phase of the roadmap. However, the game will instead be available after the launch of the V2 token, which is now a top priority due to security and improved user experience reasons.

Polygon operates as a layer 2 scaling solution or sidechain that operates in parallel with the Ethereum blockchain. This setup is perfectly suited for gaming applications as it promotes fast transactions and minimal fees. It also leverages the liquidity and strong security framework of the Ethereum blockchain.

As a result, the transition from Ethereum to Polygon marks a revolutionary change for $TAMA V2 users that will significantly improve their gaming experience by combining speed, efficiency, and security.

How $TAMA V2 Migration Works

To ensure a hassle-free transition for our user base, the Tamadoge team has laid out four steps to seamlessly transition all holders to V2.

  1. New token contract deployment:

Going forward, the team will be deploying upgraded Polygon contracts with additional security features, including blacklisting and pausing capabilities, to provide a more secure experience for the Tamadoge community.

  1. Staking contract upgrade:

Next, your staking contract will be upgraded. All staking balances and associated rewards will be carried over to Polygon’s new contract. Users simply need to connect their wallets to view their staked tokens after conversion.

  1. Transition of centralization and DeFi holders:

If you hold tokens on a centralized exchange, they will automatically be converted to the new token. At the same time, DeFi and non-custodial holders will receive airdrops of the new tokens, ensuring a smooth transition for everyone.

  1. Add liquidity pool and access trading:

Finally, along with the airdrop and CEX conversion, the liquidity pool will be restored on Polygon, creating tradable pairs matching the pre-hack V1 prices. This allows everyone to gain transaction access at the same time.

Hacking handling – TAMA safer and more secure

The Tamadoge project faced serious problems when developer wallets became the target of a coordinated attack.

After hackers exploited a contract vulnerability to gain access to Tamadoge liquidity pools, the team acted quickly to limit the scope of the hack.

This was achieved by removing liquidity from decentralized exchanges and working with exchange partners to temporarily suspend trading. Additionally, as a precautionary measure, the staking and tokens pages on the Tamadoge website have also been disabled.

A thorough investigation is underway to determine the root cause of the hack.

The incident is accelerating plans for previously unannounced projects to enhance security and functionality.

The future of Tamadoge’s Polygon is rosy.

As Tamadoge begins its new journey with Polygon, there is palpable excitement within the community as the team hints at further steps in its roadmap.

The community is abuzz with speculation. What new features and expansions will Tamadoge bring? How will this transition shape the future of the ecosystem? These questions represent an exciting step forward in expectations and potential for Tamadoge.

While initially disappointing, the decision to delay the release of the Tamadoge Pursuit game is now seen in a new light. This pause is seen as a strategic step to allow the team to take full advantage of the Polygon network and integrate it into the gaming experience.

Excitement for the game has only grown as users expect better, smoother and more engaging play-to-earn experiences on the Polygon platform.

The Tamadoge ecosystem has many benefits of the Polygon chain. This opens up a new realm of possibilities where users can now look forward to significantly lower transaction fees.

Polygon’s faster transaction speeds mean a smoother, more responsive gaming experience, which is critical for real-time play-to-revenue gaming. Additionally, integration with Polygon’s staking contract is set to provide players with a more rewarding experience.

At the heart of migration is a focus on security. The Polygon network’s robust architecture provides enhanced security features that are critical to protecting user assets and ensuring the integrity of the Play-to-Earn ecosystem.

The move to a more secure environment reflects Tamadoge’s firm commitment to protecting our community and strengthening trust among our users.

Poised to redefine the Play to Earn experience, the future of Tamadoge on Polygon promises to be a thrilling chapter in the project’s story. The latest strategic pivot is therefore a testament to Tamadoge’s resilience, adaptability and commitment to providing an exceptional and safe gaming experience for the community.

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