Vertex Protocol is migrating to the Ink network, and the VRTX Token will be phased out.

On July 8, the decentralized trading platform Vertex Protocol, based on Arbitrum (focusing on Perptual Futures and currency markets), will gradually shut down its existing EVM deployment and will exclusively rebuild its DEX on the L2 network Ink, incubated by a certain trading platform.

The Ink Foundation will receive the engineering team of Vertex and its trading technical architecture, including the synchronized order book, Perptual Futures engine, and currency market code. The foundation's board of directors stated that this move will accelerate its goal of building an "open on-chain capital market."

As part of this migration, Vertex developers will gradually phase out their native token VRTX. The official snapshot is scheduled for July 8 (Tuesday) to determine which VRTX holders are eligible for the Ink airdrop — they will receive 1% of the initial supply of Ink and have priority participation in subsequent incentive programs. Meanwhile, the VRTX tokens that have not been unlocked and the tokens in the project treasury will be destroyed.

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StablecoinAnxietyvip
· 07-11 02:07
Another Rug Pull
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OvertimeSquidvip
· 07-08 15:14
Another Rug Pull, I really can't understand this game.
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StableGeniusvip
· 07-08 15:11
empirically speaking, another L2 migration disaster waiting to happen
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ParanoiaKingvip
· 07-08 15:04
Just accommodate, wherever you go, you'll lose.
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