The new StormX token is being created to ensure the project is flexible and future-proofed against any upcoming changes to the Ethereum ecosystem. The token will be upgradeable following OpenZepplin’s proxy contract pattern and audited before release.
Token holders and exchanges can swap their old STMX tokens for the new token using the swap.stormx.io dApp. There are no changes to the token ticker name or logo. Gas is required for the swap and is paid for by the user.
The swap will not be closed until the governance community votes to close it. We are aware many users have their STMX tokens locked in Voyager. As a result, a vote should not be proposed until STMX token holders in the Voyager community regain access to their funds.