@amalektricity 21 November 2021 edited

According to plan - Joystick.club migrates 898,209 JOY from SLP to SEP20

As according to plan, as we previously explained in our JOY Token Sale article. Today the team behind Joystick.club migrated a huge amount of JOY from SLP to SmartBCH. This was done by burning `898,209 JOY-SLP` on BCH Layer 1 from the bridge *BURN_WALLET* and Minting `898,209 JOY-SEP20` on SmartBCH sidechain. *Transaction details below.* https://read.cash/@amalektricity/joystickclub-token-sale-details-25e8b65c The most used bridge for Joystick.club users has been the SpiceTippingBot which allows people bridge as little as 5 JOY as of November 20, 2021. The Spice team, along with the Paytaca team, helped us setup an easy to use method for users to move their JOY-SLP tokens into our burn only wallet, which lives inside the Paytaca App. Their bot would then repay the user 1:1 in JOY-SEP20. https://www.paytaca.com/

As a result, we've accumulated `898,209 JOY-SLP` worth an estimated ~$76,000 USD at todays rate. Nearly 50% of all JOY that was remaining on SLP will now been migrated to SmartBCH. Making us way ahead of schedule. We expected the SLP migration to perhaps take nearly a couple of years, but it turns out we underestimated the timeframe.

Burn & Mint Transactions Below: 898,209 JOY-SLP Moved from *BURN_WALLET* on Paytaca to Electron Cash https://simpleledger.info/#tx/8c0a5b5ae6cc320276ba2809a319c80a634096a52e4e1cf1c61c42f88e82ca18 898,209 JOY-SLP Burned using Electron Cash https://explorer.bitcoin.com/bch/tx/7ec253f5eeab7bcfe7d6c35f85d69d8edbec328bb6f282f4440e2c93fcd66c9a 898,209 JOY-SEP20 Minted on SmartBCH https://www.smartscan.cash/tx/0xf486f308f9f76bf37d27f77ff82d9153aecfbb46191c9ac76d3d9b2dbb38b8da Token TX Details JOY SEP-20 on SmartScan https://www.smartscan.cash/address/0x6732E55Ac3ECa734F54C26Bd8DF4eED52Fb79a6E JOY SLP on SimpleLedger.info https://simpleledger.info/token/2624df798d76986231c7acb0f6923f537223da44ba6e25171186ab4056a58b64

JOY Supply across SLP and SEP20 Tokens The new total supply on SmartBCH to `3,898,209 JOY` The new total supply on SmartBCH will be `101,244 JOY` *(The ~101,244 JOY will most likely be migrated over to SEP20 in part as remaining users bridge their JOY to SEP20. Some of the JOY-SLP however may never be migrated over if players choose not to migrate)* Joystick.club Governance Beta Testers have more opportunities to earn POINTS (PTS) and bridge those to SEP20 to acquire more JOY to participate in upcoming governance. (Read more about POINTS) According to the SmartBCH team, archive RPC node should be available in February 2022. This will unlock the ability for DAO tools on SmartBCH, such as Snapshot.org, enabling users with JOY to vote on proposals. https://read.cash/@amalektricity/introducing-points-pts-a-new-token-for-rewarding-in-game-play-on-slp-7fd1337f **Join our Beta Testers Telegram** https://t.me/joystickclub Market Cap According to marketcap.cash, the market cap of JOY-SEP20 has increased as a result of the new tokens migrated from SLP to SEP20. At current price Joystick.club market cap is `$323,199` https://www.marketcap.cash/token/JOY **Congratulations to all holders!**