6 min read · Aug 9, 2022
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Over the summer months of 2022, the Petoverse Team has been coming up with the ideal tactics & changes to implement inorder to re-innovate the Petoverse Project into a mass consumable product & company that will assuredly capture the people’s attention on a global scale.
It became apparent, that to do this successfully, there were some things about the existing Petoverse Project that need be changed. Over the last few weeks & months, within our telegram & discord communities, the Team has disclosed several of its reasons for initiating changes throughout the Petoverse Project.
Today we will look at each of these points in more depth & explain upon the reasonings for the upcoming rebrand & the move to V2 . Additionally, we will review some of the cosmetic changes to soon be found within the project.
Enhanced Contract Coding
After receiving & reviewing the Certik Report of the native $PETO token, although there was no major faults, it became obvious that there existed several minor contract coding errors that pertained to Solidity logic & coding standards. In order to become the leading team in this space, a change must be enacted so that our contracts are up to standard & well received by investors. Therefore, to amend these errors, the only steps that can be taken is the issuance of a V2 (Version 2) of the Projects Native Token.
Increase Outward Appeal as Product/Company
It is imperative that our team puts it best foot forward as we become more known across the space & it is beyond important to continuously adapt & appeal to the masses as a reputable company that is globally well received. In order to best do this, our team feels that the need for change arises now more than ever as we head into our ‘Open to All’ testing stages & have a v2 of the native token on the way. Therefore, the Petoverse team is taking this opportunity to make some Cosmetic Changes to the Project in order to increase our likelihood for long-term success. With the migration to v2 users can expect to see the issuance of a ‘team’ rebrand alongside the rollouts of a newly updated website/whitepaper. These changes in no way alter the trajectory that the Petoverse Game & project is on. “Rebrand” solely refers to the rebranding of the Team Name for the Individuals behind the Petoverse project in order to best represent ourselves & our products to the world.
Enhance Security within Contract
After several months of open trading on the market & through the analyzing of wallets that have interacted with the PETO contract, we found that we had encountered an individual, who through the use of blockchain technologies, was able to undeservedly work their way to the top of our holders, effectively controlling a large sum of tokens. Although this user has not acted maliciously through the dumping of their tokens, they pose a threat on the project as a whole. Which thus highlighted the need to address this issue. This threat will be effectively removed during the migration to V2. Typically a team would simply ‘BlackList’ the address, however that is not an option for the PETO contract due to its set coding, Therefore to prevent future similar cases from occurring, these missing additive security measures are now to be found within the contract of the soon to be newly issued native token for this project.
Removal of Unassociated Wallets
In order to combat the issue regarding unwanted 3rd parties detailed above, luckily, with the migration to a V2, we simply just do NOT include the users address in the relaunch. This effectively makes it so that they no longer have any association with the project token & no longer pose any threat on the investor, giving peace of mind knowing that the newly issued contract has increased measures to prevent such things from occurring again. Additionally, there is the PinkSale wallet from the original public sale filled with unclaimed tokens, these tokens will also not be included in the transition.
Supply Logistics
Although our Protocol performs expertly, there is a fault within the supply logic for long-term viability & sustainability. At its current projected rates the Native PETO token will reach its max supply able to be produced prior to the initially stated 12 month period. This alone causes the drastic need for updated supply figures through the issuing of a new token. However, it’s important to note, that with the rebrand & v2 comes an adjusted earning structure in place, so supply levels & the features behind them will look slightly different then those currently found within the PETO contract coding.
Restructure Features/Tax
With the rebrand comes a newly fostered outlook on the long-term viability of the token & the approaches taken to find the best ways of ensuring continued contract functionality with minimal intervention. This calls for a need to re-innovate the highly popular Features found within the Petoverse Contract. These changes made will ultimately affect the Taxes that are intertwined within the contract & token. We will disclose more details about these tax & feature changes as we reveal more about our Rebrand & V2 Contract.
Reframing of Earning Structure
The team has worked tirelessly to come up with a series of enhanced protocols & innovative features that are algorithmically designed to bolster & enhance the value of long term investments. The earning modes/structure of the Petoverse native token will be seeing exciting new additions & alterations as investors migrate to V2. Stay tuned for detailed looks at these changes to come.
Fresh Chart
Ultimately, with the migration to a new Contract, comes the fruition of a new chart & fresh start for the investors. This in itself is not reason enough to require a V2 migration, it is more-so an added benefit for all current & future investors. The PETO Chart itself was afflicted by drastic ATH price points from initial hype that quickly diminished through poor market conditions & the arrival of the Bear Market. Despite the offering of such high APY, the PETO token itself has maintained well & the project Market Cap & liquidity have performed expertly, however, the charts timeline leaves confusion for new investors & paints a picture of an undesirable place for investing. With the migration to v2, the chart will have a clean slate & through v2’s newly incorporated features investors will soon have a chart filled with green candles ready to attract both new & old investors to Petoverse.
General Overview:
Due to several reasons (listed above) the Petoverse Team is in need of a rebrand & a new version of its Native Token. Luckily these two things go hand in hand & the introduction of one is made easier by the paired existence of the other. Therefore, over the weeks of August 2022, the Petoverse Project will issue a Rebrand. This rebrand does not adversely affect the Petoverse game or its vision, but instead works to enhance the journey towards becoming a household company & product that is renowned across the world.
It is during these upcoming announcements that the team will discuss at great length all the major changes & updates to be found within the project. These updates will address ALL questions held by investors regarding the Rebrand & newly added project directives, as well as dictate how the move to V2 will take place.
Have More Questions About The Need For Change?
Reach out to the Petoverse Team directly 24/7 by joining & contacting our Telegram/Discord Communities: Telegram ← — — — → Discord
