The EG team has reached an agreement with the team at HeadsTails to facilitate operations for the EG project moving forward. HeadsTails will act as the executory and accounting partner, ensuring that the funds management and operational duties of the token are carried out without the restrictions that have been placed on the project in the past. Elongate global Ltd has been renamed to EG Global Ltd and remains a separate entity registered in BVI.
It is not currently planned that the EG Token will become the native currency of the HeadsTails platform, but that could become effective in the future.
In coordination with this restructuring, the EG team is planning a variety of new initiatives.
EG Token V2 Relaunch
The majority of liquidity on EG V1 is locked, so it requires participation from the community to manually migrate their tokens from V1 to V2. This will be done via a simple web app.
The team will notify the community and update this page when a timeline of migration is decided.
Gator Gang NFT Staking Platform
The team will develop a staking platform for Gator Gang members. This will allocate a portion of revenue to these holders, with rare multipliers reserved for Legendary holders and those who collect all 8 squads.
EG Donations Portal
The team will develop a dedicated website to track and showcase the community’s dedication to the 17 Sustainable Development Goals, with new mechanisms for community members to get involved and provide support.
Community Leadership Working Groups
The community will form dedicated working groups, assigned to manage the defined project wallets. The groups will propose and ratify projects, and submit them to EG & HT for execution. This will comprise marketing, tech development, social impact, and more.
What is HeadsTails?
HeadsTails is a community-powered platform for betting on the predictions of real-world events using cryptocurrency. HT is built on the Binance Smart Chain (BSC) which enables users to take part by paying very low gas fees. The main currency on the platform is BUSD (BEP20) tokens but it also has the capability to support any BEP20 token including BNB.
“We are excited to support the best community in crypto, with 15% of our revenue going to EG holders, and 15% going to fund social impact. We are committed to making a real difference in crypto with innovative products – BetFi is just the start.”
HeadsTails Leadership
Alex G
admin
