Migration to Waves 2.0 Blockchain (The BIG News):
Key Event: WCT is undergoing a mandatory migration from the original Waves blockchain to the new Waves 2.0 blockchain.
Snapshot & Migration Start: A snapshot of WCT balances on the old chain was taken on June 24, 2024. The actual migration process (token swap) began on June 25, 2024.
Deadline: The migration window is open until July 15, 2024 (23:59 UTC). This is critically important for holders.
Action Required: WCT holders MUST migrate their tokens before the deadline to receive the new WCT tokens on Waves 2.0. Tokens not migrated by the deadline will be effectively stranded on the old, deprecated chain.
How to Migrate: The primary method is through the official Waves.Exchange platform. Detailed step-by-step guides are available in their documentation and announcements.
Reason: This migration is part of the broader Waves Ecosystem upgrade to Waves 2.0, aiming for improved performance, scalability, and new features.
Staking Launch on Waves 2.0:
Following the migration, staking for WCT went live on the Waves 2.0 blockchain.
Users who have migrated their WCT can now stake their tokens to earn rewards.
The initial staking APR (Annual Percentage Rate) was advertised around 15%, though this is subject to change based on network participation. Staking helps secure the new Waves 2.0 network.
Focus on Community & Ecosystem:
The migration and staking launch are heavily framed as empowering the Waves community (WCT's core purpose). Updates emphasize community participation in securing and governing the new network.
WCT's role within the broader Waves 2.0 ecosystem (governance, fees, incentives) is expected to evolve and potentially expand.
Key Takeaways for WCT Holders:
MIGRATION IS URGENT: If you hold WCT and haven't migrated yet, you must do so before July 15, 2024 (23:59 UTC). Use the official Waves.Exchange platform and follow their guides carefully. Missing the deadline means your old WCT tokens will be stuck.
Staking is Live: Once migrated to Waves 2.0, you can stake your new WCT tokens to earn rewards (~15% APR initially).
Waves 2.0 is Live: The ecosystem is now operating on the new blockchain.