Ctrl Wallet, a leading non-custodial crypto wallet supporting over 2,100 blockchains, has officially started the migration of its $XDEFI token to the new $CTRL. This strategic move aims to enhance liquidity and support the future growth of the Ctrl ecosystem.

Reasons for Token Migration

The shift to the new $CTRL token is part of a broader rebranding initiative aimed at improving the tokenomics and ensuring long-term stability. The new token will feature a deflationary model where 75% of wallet revenue and 100% of liquidity provider fees will be allocated to buying and burning $CTRL on the open market.

Migration Process and Exchange Support

The migration will occur via a user-friendly portal, where holders of $XDEFI and $vXDEFI tokens on Ethereum and Arbitrum can swap them for $CTRL at a 1:1 ratio. Ctrl will cover all transaction fees through December 31, 2024. Major cryptocurrency exchanges such as KuCoin, Gate, Huobi, LAToken, and Bitci have confirmed their support for the migration.

Future of Ctrl Ecosystem

The new $CTRL token will become a key element in the development of the Ctrl ecosystem. The deprecation of $XDEFI is scheduled for September 25, 2025. Founders and major investors, such as Mechanism Capital, Delphi Digital, and Morningstar Ventures, announced their intention to deposit 32% of the total token supply into liquidity pools for a 12-month period.

The migration of the $XDEFI token to $CTRL will allow Ctrl Wallet to strengthen its position in the cryptocurrency market by enhancing liquidity and updating tokenomics, creating more stable conditions for its users.