The LML Project is Being Folded Into GNY, Entire 200 Million LML Treasury and 200 Million GNY Treasury To Be Burnt.

One week after the launch of Version 2 of their AI-powered Range Report, GNY.IO Limited is announcing the swap of all the in-circulation LML tokens for GNY tokens. This decision comes after months of extensive testing on the feasibility of executing the technical roadmap of both projects across two chains.  Consolidating both chains and communities into a single project is the most optimal way to achieve the company’s development goals.

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This swap will not add any additional tokens to the circulating supply of GNY.  Instead, this swap will be funded by a group of GNY’s investors. In return, GNY has agreed to burn the entire stock of 200m LML treasury tokens and 200m GNY treasury tokens held by the company. Full details of the swap, the dates and milestones,

The swap opens tomorrow, For the first 4 weeks of the swap until there will be a 10% GNY token bonus for those who transfer their LML tokens early. All LML tokens will continue to be traded for the entire period of 10 weeks until August 8, 2023 as long as there is a market for them.  After which, all submitted LML tokens will be burnt and the LML tokens will no longer be supported.

This swap facilitates a unified vision of a single ecosystem centred around decentralised AI trading tools and services. At the end of this swap, the combined GNY ecosystem token count will be reduced from 800m tokens to just 200m, and will benefit from having more wallet holders, more liquidity, and less overall circulating supply.

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The company will continue to execute on its vision for its decentralised ML network, centred around an expanded and customisable GNY Range Report, supported by data NFTs to facilitate transparency and auditability of its ML models, the gamification of trading with wisdom of the crowd tools, and continuing with decentralised computation and storage solutions.

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