Announcement: Dhash to Migrate DHM and DHT to Binance Smart Chain and Merge with Icarus.finance
To maximize the profits of DHM’s holders, Dhash is to merge DHM into a hashrate token defi project based on the Binance Smart Chain (BSC), icarus.finance.
The team at icarus.finance is rooted in the BSC ecosystem and well established in the community. They reached out to DHM in hopes of on-boarding the Bitcoin hashrate project represented by DHM to icarus.finance and adding it to Icarus’s existing ETH hashrate project.
At Dhash, we have meticulously examined and reviewed not only the proposal but also the potential benefits and drawbacks of a switch to the BSC. With this in mind, we concluded that the BSC ecosystem offers a more robust and synergistic ecosystem that propels DHM’s development, and more importantly, safeguards users’ benefits — this is always our priority.
Merging DHM to BSC will attract higher liquidity, a larger community, and better opportunities for the DeFi project. In the long run, this move will benefit the DHM community, which fits DHM’s principle of providing low-risk and sustainable profitability model for our users.
The team is working at full speed to produce a seamless and successful transition between the two projects. To this end, there are already confirmed partnerships to be announced, confirmed AMAs with the next on the 30th March, daily announcements on the development of the project by checking icarus.finance twitter, and yield farming collaborations in the upcoming days, stay tuned!
Specifications
1. Swap DHT for ICA
1) Who can participate: all DHT token holders on HECO
2) Time for token swap: 7:00 pm Beijing time on March 30, 2021, to 5:00 pm on April 30, 2021. (All the tokens will be swapped in two installments on April 1 or April 30). Tokens swapped from March 30 to March 31, will be distributed on April 1. Those tokens swapped after March 31 will be distributed on April 30.
3) Token exchange ratio: 1 DHT (HECO) = 1 ICA (BSC)
4) How to swap DHT for ICA: Click on the [SWAP TO BSC] button in any page of the official website https://dhash.finance/ and follow the instructions to send the DHT (HECO) to the designated contract.
5) Please note: Dhash is the only channel for DHT-ICA token exchange. DHT holders only need to deposit the tokens to the designated address in the official website, and Dhash will map the deposited tokens in the official address to the users’ wallets under their BSC network at a ratio of 1:1, meaning, users deposit DHT at Dhash’s official website, and Dhash will send back ICA of the same value to the users; Please Note: Dhash will not take any responsibility for asset loss if it’s caused by user’s maloperation during the token exchange.
2.About DHM Swap
1) Who can participate: DHM holders on HECO
2) Time for token swap: From 5:00 pm Beijing time on April 1, 2021 to 5:00 pm Beijing time on May 1, 2021 (In the first 3 days, snapshots will be taken at 15:00 daily and all DHM will be swapped to ZBTC. After 3 days snapshot and swap will occur once a week).
3) Reward calculation: On April 1–3, 2021, DHM hashrate will be transferred to ZBTC according to the amount of token transferred at the daily settlement time.
From April 4, 2021, the original pools of DHM will no longer generate any profit.
4) Token exchange ratio: 1 DHM (HECO) = 1 ZBTC (BSC)
5) Lockup time: 3 months, all migrated tokens will be locked up for 3 months by default, while producing all mining income (BTC+ICA) within these 3 months; ICA rewards will raise to 2x (1x extra rewards for the first month, 0.5x extra rewards for the remaining 2 months. At the end of the mining cycle the extra rewards will be distributed all at once to each address).
6) How to swap DHM for ZBTC: Click on the [SWAP TO BSC] button on any page of the official website https://dhash.finance/ and follow the instructions to send the token DHT (HECO) to the designated contract.
6) Please note: Dhash is the only channel for DHM-ZBTC token exchange. Please note: Dhash is the only channel for DHM-ZBTC token exchange. DHM holders only need to deposit the tokens to the designated address in the official website, and Dhash will map the deposited tokens in the official address to the users’ wallets under their BSC network at a ratio of 1:1, meaning, users deposit DHM at Dhash’s official website, and Dhash will send back ZBTC of the same value to the users; Please Note: Dhash will not take any responsibility for asset loss if it’s caused by user’s maloperation during the token exchange.
Icarus Telegram: https://t.me/icarus_finance
Icarus Twitter: https://twitter.com/zetta_icarus
