ABI has migrated to a new contract

In light of the recent multichain issues, we are proposing to push up the timeline of moving the token to ethereum. The new token will be based on the L2StandardERC20 and will natively support bridging to L2s. This mean once deployed on Ethereum, it can be bridged using the ERC-20 bridges on arbitrum and optimism.

Token deployments will be tested before going live, but the entire process will be expedited. The token will be a standard token contract audited and highly vetted using zepplin libraries.

Along with this proposal, we also propose to limit the total supply of the token to 1m. This supply is enough to cater to all current ABI + pABI in circulation. More details on this below.

Motivation

In our roadmap we mentioned our priority now is to estabish a base on an L2 and some tools that were not available to us regarding standard L2 token contracts are now publicly released. Given the multichain issues, current the anyswap bridge is completely defunct and this will cause prices to fluctuate between Ethereum and Polygon.

The team wants to establish a token standard that can be used natively on L2 and hence we are proposing pushing this forward.

New Supply

311,775 circulating ABI (may change slightly as some last rewards come through)
385,000 pABI
303225 DAO Treasury (For future use)
Allow 1:1 redemption of ABI via the app.