❕$PRTC to $ZAAR Migration and oPRTC Conversion

$PRTC to $ZAAR Migration and oPRTC Conversion

As we pave the way from Protectorate Protocol to Zaar, our framework for token migration ensures a seamless transition for our $PRTC holders. An integral part of this transition is the conversion of oPRTC to XP, aligning with our revamped rewards system. This guide serves to walk you through both processes, ensuring clarity every step of the way.

Step-by-Step Migration Process

1. Prepare for Migration

On April 10th, 2024, be ready to migrate your $PRTC tokens to $ZAAR. Ensure you have access to your wallet and that your $PRTC tokens are not locked or staked in any way that might hinder the migration process.

2. Visit the Migration Page

Access the token migration page via Zaar.Market. This dedicated portal is where you'll seamlessly convert your $PRTC tokens into $ZAAR.

2a. What about my xPRTC?

Simply unstake your xPRTC, and continue to migrating your PRTC to ZAAR. This will allow you to lock your ZAAR as xZAAR, as soon as you've completed migration.

3. Migrate and Convert

Follow the instructions provided on the migration page to exchange your $PRTC tokens at a 1:1 ratio for $ZAAR. During this process, holders of oPRTC will have the opportunity to convert their holdings into XP, which will play a pivotal role in the new rewards mechanism under Zaar.

Understanding XP Conversion

The transition from oPRTC to XP underscores our commitment to simplify and enhance user rewards within the Zaar ecosystem. Here’s what you need to know:

  • Conversion Ratio: Details on the specific conversion ratio of oPRTC to XP will be provided as we approach the migration date. Rest assured, the process will be straightforward and aimed at preserving the value of your holdings.

  • Benefits of XP: XP introduces an innovative way to engage with and benefit from the Zaar platform. It’s designed to reward our community members for their active participation and long-term commitment.

  • Utilizing XP: Holders can use XP to unlock special features, access unique rewards, and enhance their overall experience within the Zaar ecosystem.

New $ZAAR Tokenomics at a Glance

  • Total Supply: 100,000,000 $ZAAR, mirroring the 1:1 migration strategy from $PRTC.

  • Diverse Allocation: Including Strategic Reserve (42.5%), Incentives (25%), Contributors (17.5%), and Investors (15%).

  • Locking and Rewards: Choose to lock $ZAAR for 90 days for a 4x multiplier on protocol revenue in ETH and XP, or opt for immediate liquidity with a reduced reward rate.

Frequently Asked Questions (FAQ)

How is oPRTC Converted to XP?

If you have a balance of oPRTC, it will be automatically converted.

What's the Advantage of Converting oPRTC to XP?

Converting oPRTC to XP aligns your holdings with Zaar's evolved ecosystem, enabling engagement in a refined rewards program designed for community growth and personal gain.

Is There a Time Limit for Conversion?

While the migration page opens on April 10th, 2024, we encourage you to migrate and convert at your earliest convenience to immediately start benefiting from the $ZAAR ecosystem, there is no time limit.

What if I am staking xPRTC?

Since xPRTC is liquid, you can unstake at any time. Once unstaked, migrate your PRTC to ZAAR via the UI.

Final Thoughts

The shift from Protectorate Protocol to Zaar is not just a change of name; it's a leap towards a future crafted with our community's interests at heart. This migration and conversion process have been meticulously planned to ensure you are poised to thrive in the bustling ecosystem of Zaar.

Should you have any questions or require assistance, our support channels via the Zaar Discord server and the support ticket system in the app are at your service.

Welcome to a new era. Welcome to Zaar.

Last updated