Important Announcement: $ESNC Migration to BSC and upcoming plans.
The Evolution of Essence
We have some exciting news to share with you! The Galaxy Arena Team continuously exerts effort to grow and has developed a long-term, sustainable plan to ensure dynamic success. We’ve decided to migrate the token to the BNB chain and will make sure that the process is easy and convenient for our community.
We will be relaunching the token on a DEX (PancakeSwap) where we will have access to a much wider audience and more volume. Also in this way, our marketing efforts will give us a bigger ROI in token value. Detailed tokenomics will be announced soon.
We have partnered with TokensFarm, a reputable company, to facilitate this migration process. Detailed step-by-step instructions for claiming your vested tokens will be communicated through an official announcement.
Additionally, we are creating an LP Farm with Tokensfarm to allow individuals interested in providing liquidity to the ESNC/BUSD pair to easily do so on their platform.
Here are the reasons for this move:
1. Our plan to create a fresh new start, on a DEX with a liquidity pool that isn’t controlled by a centralized exchange will be a better path forward for everyone.
2. The increased unlocked token pressure mixed with the selling pressure from Bybit has created a poor-looking chart that doesn’t look attractive to investors.
3. The FTX collapse 2 weeks after launch created a shock and crash to the crypto industry. Investors became a lot more scared to trade on CEXs.
Taking all of the above into account, our migration to the BNB chain will help us connect and integrate with the Binance Ecosystem. We are connected with Binance connect and we will continue to connect with other Binance arms such as Binance Pay, Binance NFT, etc.
After 16 months of long work, the founding team of the project has made the executive decision to continue with this path and that this is the best way forward for our community and the project’s longevity. We have consulted many professionals as well before taking this decision.
MIDTERM ROADMAP for 2023:
Tokens Update
- Migrate to the Binance Chain
- We’re doing a huge marketing campaign for the new token, effective on launch day.
- Launch on PancakeSwap
- Launch Liquidity farming
Metaverse Update
- Start a comprehensive marketing campaign for the fight in the metaverse of Roy Jones JR vs NDO Champ in Q1 of 2023.
- Launchpad hub goes live
- Our first event airs on PPV, various streaming platforms, and on-demand across North America
- Polish our final product and increase accessibility
- Onboard more affiliates
- Release NFT passports
- Blockchain integration to the Metaverse
More information on the migration will be announced in the next coming days, so stay tuned and be with us on this new journey!
This will be a positive milestone forward for all of us, and we are dedicated to achieving the best possible outcome for everyone. We will do everything possible to protect the community’s interests.
We really appreciate all the support from everyone until now. Believe us when we say we are working long hours behind the scenes to keep this project alive and we assure you that this is the right way to go about the continuous progress of the project.
Extra rewards for our current token holders will be announced in the coming days to thank everyone for their patience 🚀
