Migrate POOR ETH to Cronos Chain
After a long and important team meeting, the team have a proposal to the POOR community in regard to our ETH token.
We propose that the ETH token be abandoned in favor of accelerating our move to other chains.
The first chain being Cronos.
This would work in the following way:
✅ All POOR ETH holders would send their tokens back to our deployer address.
✅ We would give an adequate time frame for this to happen.
✅ Once the token collection period has ended, we would drain the ETH liquidity in order to fund the Cronos liquidity.
✅ All POOR ETH holders who send back their tokens, will get the Cronos tokens 1:1, your basically moving from ETH to Cronos.
✅ Trading would then be available on Cronos.
Our reasons and rather rapid announcement in regard to this, is due to POOR ETH being very inactive and at our current MC, growth is very hard because the token value is less than gas is many cases.
We would come back to ETH in the future but only when our MC exceeds $10-15M market cap.
Until then we have decided it's best to use chains which are low in transaction cost.