Forthewin Network has announced a merger with TOTHEMOON and a shift in focus toward development on the Base blockchain. The team cites a desire to scale operations and remain competitive in the decentralized landscape as the driving factors behind the move.
Since launching on Neo N3 in 2021, FTW has introduced various products, including the open decentralized exchange Smith, and a range of multi-chain utilities such as locker, batch transfer, and bridging tools. FTW also developed Neo Boyz, a collection of 1111 unique NFT characters.
Under the merger, TTM will migrate to Base, and FTW developers will concentrate on integrating EVM-based products while supporting TTM on the new network.
As part of the transition, NEP token holders will see their holdings merged into TTM at a 50% ratio, with 1,000 NEP equating to 500 TTM. While most FTW products on Neo are decentralized and require minimal upkeep, active development on these platforms will be phased out.
The FTW team has also completed a large-scale token burn. A total of 70,706,341.27 NEP has been removed from circulation, including allocations held by the lead developer, team, liquidity pools, and Neo X marketing funds, leaving the circulating supply at 51,976,430.89513559.
An additional 14,608,716 NEP remains to be burned from bridges, farms, and lockers. FTW has encouraged its community to follow the official TTM account on X for future updates.
The original announcement can be found on the FTW Discord:
https://discord.com/channels/927982854187659375/966736913388175472/1333906853863755850
