Important Update: CADAICO Migrates to Arbitrum – Please hold off on trading $wCADAI!

We are announcing that CADAICO is migrating to the Arbitrum network!

The smart contract has been successfully deployed on Arbitrum, and we are now initiating the migration process. While this decision was not announced earlier, it was carefully considered to ensure that all necessary measures are in place to safeguard against any potential manipulation. 

What happened with the liquidity?

To prioritize the security and long-term stability of our ecosystem, we have temporarily drained liquidity from Uniswap. This was a necessary precaution to minimize potential risks and prepare the liquidity pool for the upcoming token migration. Recent issues with the bridge highlighted the urgency of swift action to prevent long-term exposure and risk. Unfortunately, the bridge vault was compromised, resulting in tokens being moved to wallets beyond the control of our bridge provider and, therefore, beyond our control, posing a potential risk. In response, we have taken proactive measures to mitigate this danger and protect the ecosystem. We encourage you to stop trading or any P2P transactions involving $wCADAI tokens!  

As we migrate to Arbitrum, a new token $CADAI will be rolled out. Your $wCADAI tokens will be exchanged for the new ones on a 1:1 basis, making the process easy and preserving your holdings’ amount. 

The migration to Arbitrum chain is a strategic decision aimed at ensuring lower transaction costs and enhanced scalability. This move addresses inefficiencies, providing a more stable and secure foundation for future growth. Arbitrum, a Layer 2 solution, reduces gas fees, speeds up transactions, and maintains Ethereum’s security. Its compatibility with Ethereum ensures a smooth transition, and its vibrant community offers CADAICO great visibility and growth opportunities. This move doesn’t signal a shift away from our long-term vision of developing a native Layer 1 chain. Instead, by embracing a multichain approach, we gain flexibility and reduce reliance on third-party platforms. As our ecosystem expands, we remain committed to building our own chain when the time is right.

Token Exchange

Tokens on Ethereum and BSC will be exchanged for the new token at a 1:1 ratio, ensuring your holdings remain fully intact. To register for the token exchange, head to our staking website, staking.cadai.co. Once you connect your wallet, you’ll see the “Register for Airdrop” button. Detailed instructions on how to register for the token exchange you can find here.

 Our Commitment

We assure you that we will do everything to make this transition seamless, and your token holdings will remain secure throughout the process. We are committed to transparency and will continue to keep you updated with every step of the migration. In the meantime, we discourage any $wCADAI trades or transfers, including P2P.
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Note: $wCADAI purchased after the migration are not eligible for the migration.

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Staking

All staking pools are unlocked! You can now harvest your rewards, withdraw your tokens, and migrate them to Arbitrum. Details here.


New token, $CADAI, on Uniswap.

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Our team is available to answer any questions on our official Telegram channel.  Stay tuned for further updates!