Hello Chuds,
Something has finally happened, we have decided to migrate to a new CA.
Why have we decided to do this?
The current CA is an old Klik CA created on the old Klik factory. The problem is that the CTO team cannot add liquidity from the accrued fees, whenever the CTO team claims ETH to add to liquidity, the original deployer of the token receives 2x the value of those fees in tokens, which they are then able to dump. We have contacted Klik and spoken to their team, but there is nothing they can do about this issue as it is a limitation of the old contract.
What will happen next?
To fix this, we have decided to migrate to a new Klik V4 CA. There are multiple benefits to this, including lower fees to buy and sell, as well as the team having full control over the fees, which will be used to add liquidity, something that has been an ongoing issue with the current CA.
How will this work?
1. Holders will send their tokens to:
0x56CB79D4ae3DD639846D21Ecd67e064d7259e779
2. We will sell to drain the ETH from the current pool
3. We will use that ETH to market buy on the new Klik CA, placing us at around the same market cap
4. We will then airdrop all holders who sent their tokens 1:1
When will this be?
48 hours from the date of this post.