How does the migration work?
During the migration period, you can deposit your LIGHT or LIGHT-BNB LP tokens into the migration contract on BSC. All deposited tokens get locked and removed out of circulation. In return, you will receive a receipt token called Genesis Light (gLIGHT). Once the migration period closes, we will take a snapshot of all Genesis Light (gLIGHT) holders. This snapshot determines how much LIGHT tokens you will be able to claim.
I heard there was a migration bonus?
Yes, everyone who deposits pre-migration receives a migration bonus on the amount of v3 tokens. So you will end up with more LIGHT tokens relative to the total supply than you have now.
Are my new tokens vested?
There's no vesting for migrators. Along with our migration there are also changes to our tokenomics. Light is raising capital in seed and potentially Series A. Mainly for the DAO-based Capital Fund, Venture Fund, and Trading Fund. New domain post-migration will most likely be light.xyz.