Mefai Token Transition and Zero Tax Upgrade

We are announcing a major strategic update for the Mefai ecosystem scheduled for November 1. This change involves the complete removal of slippage and tax settings from the Mefai token structure.

Primary motivation for this decision is to align perfectly with the philosophy of a specific high profile platform we are working to enter. Although this platform occasionally lists projects with 5 slippage we have decided to fully comply with their ideal standards to demonstrate our commitment and facilitate the listing process.

It is vital to clarify exactly what this means for you. This is not a new project. We are not creating a different token for a different purpose. The circulating supply will never change. There will be no impact on the token price.

To explain the process let us use a simple example. Imagine that on the day of the transition there are 1000 tokens in circulation priced at 1 dollar with 1 million dollars in liquidity. We will send exactly 1000 new tokens to holders. If you hold 1000 tokens in the old contract you will receive exactly 1000 tokens in the new contract. You do not need to do anything as this process is automatic. Simultaneously the 1 million dollars in liquidity will be moved to PancakeSwap V3. The price will remain exactly 1 dollar.

There is no new token sale and no increased supply. This is technically a fork of the token to a better infrastructure where the user experience remains seamless.

Our team will deploy the new contract with the same high security standards as the current one including renounced ownership. We will immediately update the contract address on CoinMarketCap CoinGecko all listed exchanges and platform integrations. We will utilize fast track services for CoinMarketCap and CoinGecko to ensure the transition is instant. We will also ensure the new address is listed on Trust Wallet immediately. Since the holder count remains the same this transition will reflect instantly across all platforms.

Transition offers significant benefits. The team is voluntarily forfeiting the 1 percent tax revenue which was previously allocated for development. As our trading revenues are sufficient and we have already burned tokens worth far more than this tax income we no longer need this fee. This change allows us to fulfill the request of our target platform. Furthermore moving to the PancakeSwap V3 model ensures that you will be able to trade with absolutely zero slippage.

Finally this upgrade supports our Mefai Predict market application which will utilize two specific pairs(BNB,Mefai) for streamlined operation. Existing packages and other ecosystem features will not be affected by this change.

This is a step forward towards a frictionless and compliant Mefai ecosystem.