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Final Reveal
PKT Migrates to Base
Summary
![Summary](/img/good_news/final_reveal/pkt-migration-1.webp)
PKT has migrated to the Base blockchain, marking a significant technology and wallet upgrade. The move changes the project from proof-of-work to an innovative Stake-to-Earn protocol. Anyone can stake PKT into the dashboard and earn daily rewards. Beginning on October 30, 2024 is Infrastructure Day, when each stake must be paired with a DePIN node that powers the network for daily yields.
View Dashboard![Summary](/img/good_news/final_reveal/pkt-migration-1.webp)
Buy/Sell
![Buy/Sell](/img/good_news/final_reveal/pkt-migration-2.webp)
PKT has been difficult for new buyers to buy due to the inability to access the asset in decentralized way. Now that PKT has a liquidity depth on Uniswap, anyone can buy/sell PKT directly from their Web3 wallet, such as MetaMask and Coinbase Wallet. Base is an Ethereum L2, so transactions are near-instant and gas fees are negligible. This instantly paves the way for TokenStrike.
![Buy/Sell](/img/good_news/final_reveal/pkt-migration-2.webp)
Liquidity Pool
![Liquidity Pool](/img/good_news/final_reveal/pkt-migration-3.webp)
With PKT trading on a decentralized exchange, there is automatic market making liquidity to ensure users can transact. This will also anchor the price on CEX as well. The Stake-to-Earn protocol specifically incentivizes community members who contribute PKT/ETH liquidity to the liquidity pool with a 1 million PKT per day divided between liquidity providers. There are also yield multipliers, up to 4x, to incentivize long term liquidity lockups.
![Liquidity Pool](/img/good_news/final_reveal/pkt-migration-3.webp)
Staking
![Staking](/img/good_news/final_reveal/pkt-migration-4.webp)
PKTโs Stake-to-Earn protocol is designed to reward people that operate infrastructure nodes that power the PKT Network. Rather than wasteful, centralized proof-of-work mining, DePIN nodes earn daily rewards based on the node type and stake. There are 5 different infrastructure node types with that have varying complexity and yields. DePIN nodes can also earn yield multipliers, up to 4x, for long term staking lockups, and node uptime.
![Staking](/img/good_news/final_reveal/pkt-migration-4.webp)
PKT Migration
![PKT Migration](/img/good_news/final_reveal/pkt-migration-5.webp)
Holders of PacketCrypt proof-of-work coins are eligible to be airdropped PKT on Base tokens. Simply paste each wallet address Private Key plus a Web3 wallet address into the provided Migration tool to generate a signature. Then paste the signature into PKT Migration dashboard tab. Eligible holders will receive 1/3rd of their tokens now, and 1/3 every 6 months. Anyone can swap PKT on Base into PacketCrypt coins via OTC, by using escrow.
![PKT Migration](/img/good_news/final_reveal/pkt-migration-5.webp)
Referral Rewards
![Referral Rewards](/img/good_news/final_reveal/pkt-migration-6.webp)
PKT has an affiliate program built into the protocol. Each connected wallet receives an affiliate code. If an individual stakes using an affiliate code they receive a 1% yield bonus and the affiliate code provider receives a 4% yield bonus. Each affiliate code provider also receives a 1% yield bonus 1 tier down from each intro. This becomes lucrative as more people use any individualโs affiliate code over time.
View Dashboard![Referral Rewards](/img/good_news/final_reveal/pkt-migration-6.webp)