This process is a part of a larger rebranding initiative by the wallet, which will improve liquidity, refine tokenomics, and promote the future growth of the Ctrl ecosystem.
The migration will be conducted using a user-friendly migration portal, and holders of XDEFI and vXDEFI tokens on Ethereum and Arbitrum can swap their tokens for CTRL at a 1:1 ratio.
Ctrl Wallet, one of the leading non-custodial crypto wallets supporting over 2,100 blockchains, has announced that it will start migrating its XDEFI token to CTRL. The migration is a critical milestone towards the evolution of the Ctrl brand and signals the beginning of a new chapter for its ecosystem.
Major crypto exchanges including KuCoin, Gate, Huobi, LAToken, and Bitci have confirmed their support for the migration.
The newly introduced CTRL token will adopt a deflationary model to sustain its long-term value. The migration is expected to enhance the long-term value for the community and strengthen the tokenomics of the business. The company will cover all transaction fees until December 31, 2024.
