HKD.com HDAO: Restructure and Burn

Dear HDAO Supporters,

For better future development and the value of HDAO, a new HDAO proposal passed in the recent meeting between HDAO private investors, HDAO foundation, and the HDAO development team. HDAO foundation decided to restructure the HDAO distribution, and transfer the entire HDAO from Ethereum, and Tron networks to the Polygon network.

The HDAO Foundation burnt 90% of the total amount of HDAO tokens decreasing from the original 5 billion to 500 million HDAO tokens. The burning significantly reduced its total supply in the market and increased the scarcity of HDAO already in circulation.

HDAO tokens that are still on ERC20 and TRC20 networks are considered Legacy HDAO Tokens.

Legacy HDAO token holders whose token has been withdrawn from the HKD.com platform can contact HKD.com's customer service on or before 30 Apr 2023 for assistance in transferring the Legacy HDAO token to the new HDAO token that is on the Polygon chain. Holders need to report and register their holding addresses to HKD.com's customer service before sending their TRC-20/ERC-20 HDAO tokens to the burn addresses, otherwise the burning will not be considered. 

However, if the HDAO token is still on the HKD.com platform, the platform will automatically transfer it to the new Polygon chain, and HDAO holders can seamlessly trade it on the HKD.com platform.

HDAO Foundation
21 Jan 2023