The incorrect configuration of the http://p.Network bridge recently led to the need for a new pGALA token on BNB Chain. The new pGALA contract is https://bscscan.com/token/0x419c44c48cd346c0b0933ba243be02af46607c9b. You can find more details about the situation here.
The Biswap team is here to provide you with the latest updates.
According to pNetwork's Recovery Plan, the only address eligible to claim the new pGALA tokens is the Biswap LP pGALA contract. Based on the snapshots taken by the pNetwork team, this contract would have been authorized to claim 2 225 319.366982 pGALA tokens.
🔹Audit Of the Contract
Biswap audited the LP pGALA contract before and during the hack and has identified all the addresses that held a pGALA LP position between the two snapshots performed by pNetwork.
All these eligible addresses will be able to claim their proportional share of the 2 225 319.366982 new pGALA tokens. The number of tokens owned by Biswap's LP providers matches perfectly with the data that our contract authorizes us to claim according to the pNetwork’s pGALA Recovery Plan.
🔹New claim contract for pGALA tokens
The Biswap team created and deployed a contract similar to the pNetwork's one, with the old pGALA token holders' information. The pNetwork team verified it and sent 2 225 319.366982 new pGALA tokens there.
🔹Distribution of new pGALA tokens
The funds are being distributed in a 1:1 ratio to the old token holders by following the same eligibility terms of pNetwork's pGala Recovery Plan. Because of this, all eligible pGALA token holders have to sign the Biswap contract in order to claim the new pGALA tokens, according to the pNetwork's pGALA Recovery Plan by the link:
Here you can find answers to the additional questions:
The new pGALA token is redeemable for GALA on Ethereum on a 1:1 ratio.
Find out more about how to exchange pGALA for GALA in Ethereum:
Our users' security and convenience are always the top priority for the Biswap team. We appreciate your understanding of the current situation.
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