The initial development of the Staava EVM Chain was started in June, 2023. While that was ongoing, A Wrapped Token, STAAV (Staava Protocol) was issued to Avalanche C-Chain on Sat, 03 Feb 2024 02:56:42 GMT.
As we commence asset migrations, All holders of STAAV must be migrated to the SE-CHAIN through the custom bridge. This cross-chain will burn the STAAV on AVALANCHE, to redistribute the STAV (Staava Protocol) native coin on SE-CHAIN. Every 1 STAAV will equal 20 STAV.
⛓ All holders will receive x20 distribution of their STAAV on SE-CHAIN after release.
⛓ A total of 17,200,000 STAAV was issued on Avalanche and renounced.
⛓ Locked Treasury: 12,650,600 (Tobe Burnt on 30th SEPT, 2024)
This precursor chain ticker is decided sequel to MAINNET deployment of the elastic subnet feature of the Staava EVM Chain and its forbids more than 4 character as TICKER with the Avalanche Go-Implementation. Therefore, the change is imminent.
