SEND v1 Tokenomics
The new total supply of $SEND is 1,000,000,000 with 18 decimals. You can find our circulating supply here: https://supply.send.it/circulating
We're implementing a token upgrade to enhance the SEND token economics.
Here's what you need to know:
The total SEND token supply is being reduced from 100 billion to 1 billion tokens. Your token balance will be adjusted proportionally (divided by 100), maintaining your same percentage of ownership in the ecosystem.
We're also moving our liquidity pools from Uniswap to Aerodrome:
USDC<>SEND pool will migrate to Aerodrome
ETH<>SEND pool will migrate to Aerodrome
The market cap and value of your tokens will remain unchanged during this transition
Why This Upgrade Matters
This upgrade streamlines our token economics and improves overall user experience. The reduced total supply makes token amounts more manageable and easier to understand.
Important Notes
Your proportional ownership remains exactly the same
This upgrade is mandatory to continue using the Send app
The upgrade process is one-time only and cannot be reversed
If you deposit any old SEND v0 tokens into the app after upgrading, you'll need to upgrade those tokens as well
What You Need to Do
Click the "Upgrade" button when prompted
Approve the transaction with your Passkey
Your tokens will automatically convert to the new format
Note: Send.app is the only way to upgrade your tokens. You must deposit your SEND v0 tokens into the app to complete the upgrade process.
Example Conversion
If you currently hold 1,000,000 SEND tokens, after the upgrade you will have 10,000 SEND tokens, representing the same proportion of the total supply.
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