---
description: >-
  This page will list all the updates as we upgrade EG from v1 to v2 and migrate
  holders to the new token.
---

# Migration Status Updates

### 13th February 2024

Migration to EG v2 closed - [https://news.egtoken.io/1896](https://news.egtoken.io/1896)

### 19th February 2023

The process of removing liquidity from existing PancakeSwap pools was completed.&#x20;

EG v1 owner wallet had the following tokens:

| Token            | Amount             |
| ---------------- | ------------------ |
| BNB              | 5.8406             |
| ELONGATE         | 19,136,729,980,474 |
| BUSD (Tech Fund) | 85,343             |

Liquidity was pulled from PancakeSwap v1 pool, and **97 BNB** were extracted.

The owner's wallet now had the following tokens:

| Token    | Amount             |
| -------- | ------------------ |
| BNB      | 103.2268           |
| ELONGATE | 19,169,260,203,312 |
| BUSD     | 85,343             |

PancakeSwap v1 pool has locked liquidity. So the 19 Trillion tokens were sold against the v1 pool to extract **469 BNB**. These were done in 3 transactions:

<table><thead><tr><th width="127.33333333333331">Number</th><th width="166">BNB Extracted</th><th>Trasnasction #</th></tr></thead><tbody><tr><td>1</td><td>200</td><td><a href="https://bscscan.com/tx/0x34cb8f3c2e7bef78688a30cf8ebf73f0ecd77456c8cb854dbd5ebc9d04860b35">https://bscscan.com/tx/0x34cb8f3c2e7bef78688a30cf8ebf73f0ecd77456c8cb854dbd5ebc9d04860b35</a></td></tr><tr><td>2</td><td>200</td><td><a href="https://bscscan.com/tx/0x54abc9b593c603263849ae678b7d58e551e9885a1c37f2b7001abf071c6ac043">https://bscscan.com/tx/0x54abc9b593c603263849ae678b7d58e551e9885a1c37f2b7001abf071c6ac043</a></td></tr><tr><td>3</td><td>69</td><td><a href="https://bscscan.com/tx/0x62a1a07030405f02a92c5deb04babd77fb16e5c12b8f8d1e88e4733b47b384b5">https://bscscan.com/tx/0x62a1a07030405f02a92c5deb04babd77fb16e5c12b8f8d1e88e4733b47b384b5</a></td></tr></tbody></table>

The owner's wallet now had the following tokens:

<table><thead><tr><th width="358">Token</th><th>Amount</th></tr></thead><tbody><tr><td>BNB</td><td>572.2268</td></tr><tr><td>ELONGATE</td><td>0</td></tr><tr><td>BUSD</td><td>85,343</td></tr></tbody></table>

PancakeSwap v2 pool liquidity was unlocked, so we were able to extract **907 BNB**



The owner's wallet now had the following tokens:

| Token | Amount    |
| ----- | --------- |
| BNB   | 1479.2268 |
| BUSD  | 85,343    |

PancakeSwap v2 pool is now fully drained.&#x20;

We received 77 Trillion Tokens into EG v2 wallet owner, from EGMigrate. These are from holders migrating their tokens to v2.

<figure><img src="https://3745087515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7ZJuIEr9lSVZcD76f2BU%2Fuploads%2FhCEfpBerOZ6P3mw78BSW%2FMigratedTokensSoFar.jpg?alt=media&#x26;token=972f968a-eb96-4728-8f22-306fefe0c775" alt=""><figcaption></figcaption></figure>

Half of these 77 trillion tokens were sold against the locked PancakeSwap v1 pool to extract 561.814 BNB. These were done in 3 transactions:

<table><thead><tr><th width="163.33333333333331">Number</th><th width="155">BNB Extracted</th><th>Trasnasction #</th></tr></thead><tbody><tr><td>1</td><td>200</td><td><a href="https://bscscan.com/tx/0x85768ad7e0754e93c6c8b3a4bc6a9bb83938697eb08b22213ad1d907fd414303">https://bscscan.com/tx/0x85768ad7e0754e93c6c8b3a4bc6a9bb83938697eb08b22213ad1d907fd414303</a></td></tr><tr><td>2</td><td>200</td><td><a href="https://bscscan.com/tx/0xc5879031632164ede86a7dfb07fcbce9975be70e3f6a7783feea31c133052666">https://bscscan.com/tx/0xc5879031632164ede86a7dfb07fcbce9975be70e3f6a7783feea31c133052666</a></td></tr><tr><td>3</td><td>161.814</td><td><a href="https://bscscan.com/tx/0x0aa0bf571b1c8e835c43490e00d4625e3f3db8a39fbdbfdcec2f4d450525c520">https://bscscan.com/tx/0x0aa0bf571b1c8e835c43490e00d4625e3f3db8a39fbdbfdcec2f4d450525c520</a></td></tr></tbody></table>

The owner's wallet now had the following tokens:

| Token    | Amount   |
| -------- | -------- |
| BNB      | 2041.814 |
| ELONGATE | 0        |
| BUSD     | 85,343   |

2040 BNB was sent to EG v2 owner wallet in 2 transactions

1 BNB test transaction - [https://bscscan.com/tx/0x21a26bb8b8b53fa30088c7e7206f985e7e18d0fded199d62011d9e7acc99bf05](https://bscscan.com/tx/0x21a26bb8b8b53fa30088c7e7206f985e7e18d0fded199d62011d9e7acc99bf05)

2039 BNB transaction - [https://bscscan.com/tx/0x21a26bb8b8b53fa30088c7e7206f985e7e18d0fded199d62011d9e7acc99bf05](https://bscscan.com/tx/0x21a26bb8b8b53fa30088c7e7206f985e7e18d0fded199d62011d9e7acc99bf05)

<figure><img src="https://3745087515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7ZJuIEr9lSVZcD76f2BU%2Fuploads%2FP3TPLmP4BaWFrezlFQ2b%2Fimage.png?alt=media&#x26;token=e3211628-4f70-4b9d-9e61-b305c2d7ca39" alt=""><figcaption></figcaption></figure>

80 BNB will be put into the Marketing Wallet

360 BNB will be put into the Tech Wallet

1600 BNB ($500K USD) will be paired with the remaining EG tokens (roughly 46 Trillion at the time of writing, 460 Million after conversion to V2) to provide initial liquidity on EG v2

#### EG v2 Launch Stats

Starting price for EG v2 will be 0.00094

Initial Market cap will be $5.6 Million ($5,640,000)





### 18th February 2023

MEXC have confirmed that they will support EG v2 Launch. If you are holding ELONGATE tokens on MEXC, the exchange will swap them for you. More details here - [https://support.mexc.com/hc/en-001/articles/15726491479705](https://support.mexc.com/hc/en-001/articles/15726491479705)

### 13th February 2023

EGMigrate is Live and token holders are now able to connect their wallets and safely migrate to EG v2

<figure><img src="https://3745087515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7ZJuIEr9lSVZcD76f2BU%2Fuploads%2FiGnN0zw1tb9NQ5GA5PXC%2Fimage.png?alt=media&#x26;token=62d18b55-968e-4e48-b1da-b30698e3e855" alt=""><figcaption></figcaption></figure>

###

### 12th February 2023

Trading disabled on V1 Contract. Buy/Sells will fail with a "Slippage too low" error - :white\_check\_mark:

![](https://3745087515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7ZJuIEr9lSVZcD76f2BU%2Fuploads%2F1in1SWHkxWESIWD6HMZn%2Fimage.png?alt=media\&token=54ef248e-f2a6-4797-94ea-4371aea78c31)

{% hint style="warning" %}
From this point onwards, DO NOT transfer your V1 tokens from one wallet to another, you will lose all your tokens!&#x20;

Only connect your wallet to EGMigrate to migrate your V1 tokens to V2.

You can still unstake without penalty and it will not be affected (i.e you will not lose your tokens)
{% endhint %}



### 11th February 2023

EG Token Wallet setup on smart contract completed - :white\_check\_mark:

EG Token page on the website updated with 0x links - [https://www.egtoken.io/token](https://www.egtoken.io/token) - :white\_check\_mark:

Initial token distribution as per whitepaper completed - :white\_check\_mark:

<figure><img src="https://3745087515-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F7ZJuIEr9lSVZcD76f2BU%2Fuploads%2Fpk6K2Jemv6tV8nv7CmvN%2FSupply%20Distribution1.jpg?alt=media&#x26;token=adf09243-16d4-4489-8831-774ecb97c89b" alt=""><figcaption></figcaption></figure>

### 10th February 2023

| Item                                                                                                                   | Link                                                                                                                                                                       | Status               |
| ---------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------- |
| Whitepaper Released                                                                                                    | [https://wiki.elongate.cc/elongate/whitepaper](https://wiki.elongate.cc/elongate/whitepaper)                                                                               | :white\_check\_mark: |
| V2 Audits Completed                                                                                                    | [PeckShield ](https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-BEP20-EG-v1.0.pdf)& [Vidma](https://www.vidma.io/audit/egtoken) | :white\_check\_mark: |
| <p>V2 Website Live &#x26;<br>V1 website redirects to V2</p>                                                            | [https://www.egtoken.io/](https://www.egtoken.io/)                                                                                                                         | :white\_check\_mark: |
| V2 Mainnet Deployed                                                                                                    | [https://bscscan.com/address/0x74AFe449D1BEFfc90456CfEbD700AB391abD7DAF](https://bscscan.com/address/0x74AFe449D1BEFfc90456CfEbD700AB391abD7DAF)                           | :white\_check\_mark: |
| EG Migrate Deploy & setup completed                                                                                    | [https://www.egtoken.io/migrate](https://www.egtoken.io/migrate)                                                                                                           | :white\_check\_mark: |
| <p>Fee from unstaking removed. <br>Community told to remove tokens from the vault ASAP to get ready for migration.</p> | [https://stake.elongate.cc/](https://stake.elongate.cc/)                                                                                                                   | :white\_check\_mark: |

