PotCoin to Migrate to Polygon
The PotCoin (POT) team is very excited to announce the upcoming launch of PotCoin 2.0 – a new and improved PotCoin network that will help propel us to the forefront of the legal cannabis industry.
Although we have been grinding quietly for the past 3 years, you’ll be hearing plenty from us in the coming weeks and months. We haven’t stopped working towards our goal of making the legal cannabis industry better, stronger and fairer.
Our first big announcement is that PotCoin is migrating to the Polygon network, launching the highly-anticipated PotCoin Foundation, and releasing a completely rebranded website.
The Future is in cross chain value
Interoperability is the future of this industry and the destiny of PotCoin.
Migrating to Polygon allows us to leverage its vast network of developers, applications as well as cross-chain compatibility with Ethereum & Binance Smart Chain. This will also simplify the process of integration into new platforms and bridging over to additional networks.
Legacy chain & new infrastructure
Unless the community decides otherwise, PotCoin’s original chain will continue to exist and be supported along with the legacy ecosystem. It is important to note that every holder has the choice to switch to the new network or stay on the legacy chain.
Full documentation, how-to guides, and explainer videos on the swap will be released and published in the coming weeks.
The new PotCoin 2.0 will be compatible with popular wallets (MetaMask, TrustWallet, Ledger, and Trezor), popular decentralized exchanges and DeFi hubs (UniSwap, DYDXZ, 1inch, and PancakeSwap), Metaverses, NFT marketplaces and much more.
With that, PotCoin community members, ecosystem partners, and network participants will get access to new and improved wallet infrastructure (desktop, mobile, and web apps), and a network with higher throughput and greater capabilities than PotCoin’s original (legacy) network
Swap Details – IMPORTANT!
The swap will go live on November 5, 2021 and be concluded by February 1, 2022. It is designed to burn coins from the PotCoin legacy chain and distribute PotCoin 2.0 tokens.
Bittrex Global will be supporting the swap so if your coins are there, the swap will happen automatically on the date that will be announced by their team. So, if you live outside of the United States and wish to have the swap done for you, feel free to send your legacy PotCoins to Bittrex Global ASAP.
The official start of the swap will be announced along with the swap URL on all of the PotCoin social media channels on November 5, 2021.
We are incredibly excited for what the future holds for PotCoin on the Polygon network and we can’t wait to share and reveal all the exciting products, partners and communities we’ve been working with.
Follow us on Twitter (@potcoin) to stay up to date and feel free to contact us with any questions.
The PotCoin Foundation