Decentralized Token Merger/Acquisition Service (P2)

The first of its kind anywhere in crypto, the exo.fi merger service enables two tokens to negotiate and complete a merger/acquisition, with the liquidity of the acquired token used to buy up tokens of the acquiring project for distribution around its holders, replacing its own.

EXAMPLE:

Token A and token B are both DeFi projects with a similar use case, but token B’s devs no longer have the time to continue supporting their project. Token A has therefore offered to take over and will merge the two projects, absorbing token B’s liquidity into their own.

Using the proposal/counter-proposal dashboard, the devs from both A and B will negotiate the price at which token B’s entire developer-controlled liquidity will be used to buy token A on the market - with these tokens to be redistributed to holders of token B. Once agreed, token B’s holders will have seven days from the date/time of the proposal to vote for/against via community governance. This vote is based on a simple majority; the first option to cross 50%, or whichever is ahead at the end of the vote, is the winner.

If the community votes against it, the developers are free to renegotiate and push a new proposal. If the community votes in favor of the proposed merger, trading on token B is suspended and its liquidity removed and used to market-buy token A at the agreed price. These tokens are then airdropped to each holder of token B, proportional to their holdings of token B, completing the merger/acquisition process.

Where 100% of total trading liquidity is situated on our exchange, the acquired token and references to it will be removed completely across our whole platform once the merger is complete, ensuring a clean transition without ‘ghost tokens’