TWIC: Migrate Your MXC Tokens Before It’s Too Late!

Welcome to this week in crypto! Major developments include the upcoming MATIC-POL migration for Polygon, bullish Bitcoin price predictions, and the final migration round for MXC users. Stay tuned for the details.

1. Polygon Labs’ MATIC-POL Migration Confirmed for Sept. 4
2. Bitcoin Price Predictions Post-Miner Capitulation
3. Final Migration Round for MXC from Datadash to AXS

1. Polygon Labs’ MATIC-POL Migration Confirmed for Sept. 4

Polygon Labs is set to replace its original MATIC token with POL tokens on September 4 as part of its Polygon 2.0 roadmap. This upgrade aims to enhance the utility and functionality of Polygon’s native token, primarily focusing on zero-knowledge-based layer 2 chains.

Key Points:

• Launch of POL Token: The Ethereum contract for the POL token was launched on October 25, marking a significant step in Polygon’s transition.
• Enhanced Ecosystem: The upgrade is designed to power Polygon’s ecosystem of zero-knowledge-based layer 2 chains, known as AggLayer.
• Mainnet Migration: After successful testing on the Polygon testnet, the community has six weeks to address any potential issues before the mainnet migration.
• Automatic Upgrade for MATIC Holders: MATIC holders on the Polygon PoS network will be automatically upgraded to POL. Those holding MATIC on Ethereum, Polygon zkEVM, or centralized exchanges will need to manually bridge or update smart contracts.

The POL upgrade will support broader roles in the upcoming Polygon staking hub in 2025, including block generation and zero-knowledge proof generation.

2. Bitcoin Price Predictions Post-Miner Capitulation

Bitcoin’s price could soar to $220,000 based on historical miner capitulation patterns, according to multiple crypto analysts. Recent price movements and a return to deep profitability for miners suggest a bullish trend, however we must stress, this is in no way financial advice you should rely on.

Key Insights:

• Historical Patterns: Previous Bitcoin halving cycles have shown massive price increases post-miner capitulation: 5,110% in 2012, 3,346% in 2016, and 591% in 2020.
• Current Market Recovery: With Bitcoin reclaiming key support levels around $64,700, analysts predict significant gains.
• Potential Price Peak: Using an exponential decay model, analysts suggest a potential price peak of $223,000 for the current cycle.
• Institutional Inflows: Consistent institutional investment could push Bitcoin’s price to $100,000 and beyond.

Pseudonymous crypto traders highlight positive indicators like the Goon X and MVRV-Z cycle top zones, suggesting strong trend continuation and new all-time highs.

3. Final Migration Round for MXC from Datadash to AXS: Last Chance to Migrate

Next week, MXC will begin the last and final round of migration for old Datadash users, set to conclude on October 15, 2024. This marks the seventh round, and it is crucial to note that this is the final opportunity for users to migrate their balances from Datadash to AXS. After this deadline, no further claims or migrations will be accepted.

Key Details:

1. Final Round Deadline: August 31, 2024
2. Importance: Essential for all eligible community members to complete the migration to avoid losing access to their tokens.
3. Action Required: Fill out the migration form using the unique code received via email.

To ensure a smooth transition, users need to fill out this form with the unique code they received via email. This form is the key step in successfully migrating your MXC balance from Datadash to an external wallet.

Steps to Follow:

1. Check for Unique Code: Ensure you have received your unique migration code via email.
2. Fill Out the Form: Complete the form linked above with your unique code.
3. Tokens Safety: All tokens in DataDash, whether in your DD Fuel, Wallet, Stake, or Bond, are safe and will be migrated with assistance from MXC.

Didn’t Receive a Code?

If you haven’t received your unique code, don’t worry. Follow these steps to obtain it:

1. Email Request: Send an email to hello@mxc.org from your DataDash login email address.
2. Email Subject: Use the subject line “Transfer Request.”
3. Receive Code: MXC will reply with your unique code and further instructions.

It is important to highlight that you do not need access to Datadash itself to complete this migration. The unique code and form are sufficient for the process.

Final Reminder:

This is the last migration round. Users who fail to fill out the form by August 31, 2024, will not be able to make additional claims or migrate their tokens in the future. It is imperative to act now to ensure your balances are successfully transferred and accessible in your new AXS wallet. Don’t miss this final opportunity to secure your assets.