RE: LeoThread 2025-01-18 16:20

[thormyrune]

What’s the process for transitioning $KUJI to $RUJI? Here's a breakdown:

Comments

[thormyrune]

1. Initial Transfer: KUJI.KUJI will be transferred using IBC to ATOM.KUJI.
2. Deposit and Vaulting: ATOM.KUJI will be deposited in the TC ATOM TSS vault, where it will be converted to THOR.KUJI, maintaining a 1:1 ratio, using the

[thormyrune]

RUNE BEP2 switch handler.

1. Churn Cycle Management: Instead of migrating to the next vault, ATOM.KUJI is sent to a RUJI treasury and is disposed of after 12 months.
2. Three-Day Holding: TC holds the migrated KUJI for only three

[thormyrune]

days before removing it.

1. Burn Process: THOR.KUJI is merged into and then burnt as THOR.RUJI.
2. Conversion Timeline: The conversion follows a 12-month kill-switch, shifting from 1:1 to 1:0.
3. Final State: After 12 months,

[thormyrune]

all old ATOM.KUJI is gone, THOR.KUJI is fully burnt into THOR.RUJI, leaving THOR.RUJI as the sole token.

#CryptoConversion #TokenMigration