BURGER proposes to rebrand as SI, $BURGER will be converted to $SI at a 1:1 ratio

ChainCatcher news, BurgerCities has initiated a new proposal to migrate the BURGER token to a new SI token strategy. If approved, the BurgerCities team will implement the new tokenomics as planned and distribute rewards to various contributors.

BurgerCities stated that since the successful launch of si.online, the project has undergone significant changes. Updating the brand and token contract has become crucial as it transitions to a new AI-focused ecosystem. The current BURGER token represents BurgerCities, which has caused some confusion in the new SI ecosystem. Transitioning to SI will eliminate this confusion and establish a more cohesive brand image.

The BURGER token will be converted to SI tokens at a 1:1 ratio. Each BURGER holder will receive 1 SI token. This ensures that the annual supply of SI tokens remains within an inflation rate of 6%-12%. The plan includes technical contract upgrades, coordination with key ecosystem partners, and a structured communication strategy to ensure a smooth transition. The plan will also involve adjustments to the codebase and potential modifications to the tokenomics to reflect the new token structure.