Phala Network (@PhalaNetwork): 🔔Community Notice: Treasury Update
Estimated coin impact
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- PHA+10Positive
🔔Community Notice: Treasury Update A motion for a 50M $PHA transfer from the treasury has been proposed to facilitate the transition from Khala to ERC20 $PHA tokens. 1⃣ The funds will ensure a safe and efficient token conversion process. 2⃣ They’ll only be used for moving tokens between networks/exchanges, not for trading. 3⃣ All transactions will be recorded on-chain for full transparency. 4⃣ The unused funds will be returned to the treasury once the process is complete. 📜Details here 👇khala.subsquare.io/council/motion… This process will be managed with safety and transparency as top priorities. Let’s ensure a smooth transition together! 🙏