The Ctrl token, formerly known as XDEFI, is undergoing a major migration and rebranding. The article explores the main aspects of the process and new developments.
The Rebranding and Its Reasons
The recent rebranding of Ctrl, previously XDEFI, aims to expand its audience beyond the DeFi sector. Ctrl already offers extensive connectivity to over 2100 blockchains, including Bitcoin, Solana, all EVM and Cosmos IBC networks.
Mobile Version and Its Features
The introduction of a mobile version is a key improvement, making the wallet more accessible. New features include a universal gas token (either USDC or $CTRL), social logins via Google or Apple, and a new burn program for 75% of fees. Beta testing for the mobile version is already underway.
$CTRL Token Migration in Progress
The process of migrating from $XDEFI to $CTRL is a 1:1 swap without diluting current tokens. Migration fees are covered until December 31, 2024. Major exchanges like KuCoin and Gate.io support the new token. Automatic migration is scheduled for October 22.
The $CTRL token transition completes the series of changes for Ctrl, offering enhanced usability for both new and existing users.