The Plan For Migration to Tezos Mandala v2
Hey, Buttonists!
We have spent the past week working on Tezos Mandala v2 that we had announced last Thursday. Now we’re happy to announce Tezos Mandala v2 is ready for launch, so here are some details.
What’s new?
In this version, we have removed the mandala generation procedure vulnerability discovered by tezosjabba of Twitter fame. We sincerely thank him for the discovery and are happy to welcome him to our community. We also thank the active community members for their support in those dark times, their help in the battle against FUD, and their involvement in testing Tezos Mandala v2. You are amazing!
In Tezos Mandala v2 nobody can know what your mandala will look like. It is generated from your transaction’s hash and our secret key at a separate server. Thanks to that a potential hacker can’t directly access the mandala generator, and we can always prove the mandala generation was fair and honest.
On top of that, we reduced the maximum number of mandalas from 1999 to 1124 so that each mandala in your collection, be it Unique, Eye, or Tezos, would become even rarer. In v2, each subsequent batch of mandalas will get smaller by 5 mandalas. We don’t want to let down those who expected there would be at least 20 mandalas for 30 tez each after v2 is launched, so the new scheme kicks off with mandala #600. After that, there will be 70 mandalas sold for 35 tez, then 65 mandalas for 40 tez, 60 mandalas for 45 tez, and so forth. The final batch will have only 5 mandalas for 100 tez. Thus, we started with 100 mandalas for 5 tez, and will end up with 5 mandalas for 100 tez.
Three options to migrate
In order to migrate to v2, you will have to choose one of the following options for each of your seed/mandala from v1: you can get a new seed, transfer a mandala, or get a refund.
Get new seed
You exchange your seed/mandala for a new seed in v2 while retaining the original ID.
Transfer mandala
If you want to keep a mandala from v1, you can transfer it to v2 without changing its appearance and ID.
Get refund
Send us your seed or mandala to get tez you had paid for it minus the tx fee for refunds. The tez are sent to the address from which you had sent your seed/mandala. You can use that tez to buy seeds in v2 but only at their current price (the starting price in v2 is 30 tez).
We turn every seed/mandala we get from v1 in exchange for a refund into v2 seeds with the same ID and send them to our team fund.
THIS IS IMPORTANT! Only seeds/mandalas with an ID lower than 579 are eligible for migration (this is the ID where we halted the sale and announced the migration). Do not try to use our old contract to buy new mandalas. Please mind that once you have sent the migration transaction, you have made the final confirmation of your preferred course of action with regard to the three options described above, and you cannot change your choice in the future.
How does the migration actually work?
Migration kicks off on April 5th, 2021 at 3 P.M. UTC and ends on April 8th, 2021 at 3 P.M. UTC. Thus, you have 72 hours to choose between the options.
In order to make a choice, go to the migration page at our website and click Manage on the seed/mandala card. A window will pop up offering you three options to choose from. Once you’ve made your choice, just sign your transaction, and that’s basically it, your choice is made. Please note that you have to make it for each and every seed/mandala in your collection, you cannot automatically apply the decision to all seeds/mandalas you own.
Once the 72-hour period has elapsed, we will take a snapshot and execute your orders within 72 hours. After that, we will publish a post with the official migration results.
That’s it for our plan on migrating to Tezos Mandala v2. If you still have any questions, we will be happy to answer on Telegram and Twitter. Thanks for staying with us, we wouldn’t have made it without you.
