EDXA Labs
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V1 to V2 Migration
EDXA Labs will migrate its contract from EDXA Labs v1 to EDXA Labs v2.
It is an upgrade for EDXA Labs exchange.
The goal of this upgrade it to have more tokens with large liquidity to be available to be traded in EDXA Labs exchange.
EDXA Labs v2 contract will be using PancakeSwap pools which in result EDXA Labs exchange can trade any tokens that are available in PancakeSwap.
EDXA Labs v2 will be available on 2/11/2021.
There will be no impact on EDXA token. EDXA token can be used as normal.
It does effect EDXA LP holders. All EDXA LP holders in EDXA Labs v1 pools have to change to Pancake LP and put back in EDXA Labs v2 pools in Incubator to continue to earn EDXA tokens.

Is it normal for the upgrade/migration to happened?

Contract migration from old to newer contract has been done multiple times in other big exchanges like PancakeSwap and Uniswap. The basic goal is to upgrade and improve the exchange and take it to the next level. PancakeSwap has migrated once from Pancakeswap v1 to Pancakeswap v2 while Uniswap has migrated thrice from Uniswap v1 to Uniswap V2 and then to Uniswap V3.

How will EDXA Labs look like once the upgrade is completed?

You will see EDXA Labs has Trade v1 and Trade v2

Once updated can I use EDXA Labs v1 to exchange?

No. It will disable. Exchange v2 will be available.

What is the goal for EDXA Labs to upgrade its contract from v1 to v2?

To have more tokens available with large liquidity to be traded at EDXA Labs exchange.

What is the objectives for EDXA Labs to upgrade its contract from v1 to v2?

It is to change liquidity usage from EDXA Labs Liquidity Pools(EDXA LPs) to PancakeSwap Liquidity Pools(Pancake LPs)

What is the difference between EDXA Labs v1 and v2 to holder?

  • Same tokens that available in PancakeSwap exchange will be available at EDXA Labs exchange.
  • EDXA Labs Incubator will be not using EDXA LPs. It will use Pancake LPs.
All EDXA LP holders in EDXA Labs v1 pools have to change to Pancake LP and put back in EDXA Labs v2 pools in Incubator to continue to earn EDXA tokens.

As a EDXA token & LP holder, what do I need to do?

  • EDXA token holder does not need to do anything.
  • EDXA LP holders in EDXA Labs v1 pools Incubator need to change to Pancake LP and put back in EDXA Labs v2 pools Incubator to continue to earn EDXA tokens.

Any impact on the EDXA token?

No. EDXA token can be used as normal. No impact on it.

Is this upgrade important?

It is important and it is a stepping stone for EDXA Labs to grow to be better and bigger exchange.