$FLAY Migration and Acquisition

TAKEOVER $FLAY Migration

Flayer has acquired Takeover, and every TAKEOVER holder will be able to swap into FLAY at a fixed rate for 1 year from the migration launch at https://migrate.flayer.io (opens in a new tab). Migration will start on the 23rd of July 2026. 1 year from then the window to migrate TAKEOVER will close. Here's everything you need to know.

Why

We created a live, revenue-generating game that continuously auctioned fees to the community. A new DAO if you will. That technology will continue moving forward but under a new set of tokenomics. If you hold TAKEOVER today, you migrate into the token that inherits the Takeover protocol.

Revenue has new management. Literally, this time.

The rate

That is roughly 3,310 TAKEOVER per FLAY.

The ratio was calculated from the 30-day average USD prices of both tokens leading up to the acquisition (daily closes from their onchain ETH pools on Base, computed 21st July 2026): TAKEOVER at $0.0000013171 and FLAY at$0.0043602. The migration ratio is fixed in an immutable contract and will not change for the life of the migration.

What's covered

The migration contract will be funded with enough FLAY to cover the entire migratable supply at the fixed rate, plus a buffer.

The math: TAKEOVER's total supply is 100B. Of that, 346M is burned and roughly 25% sits in protocol-owned liquidity - neither can ever migrate. That leaves about 74.65B TAKEOVER in circulation that can, which converts to roughly 22,550,000 FLAY at the fixed rate. The contract holds more than that. If you hold TAKEOVER, your migration is covered.

How to migrate

1. Go to https://migrate.flayer.io (opens in a new tab) and connect your wallet
2. Approve TAKEOVER and choose how much to migrate
3. Receive FLAY in the same transaction

The page shows your TAKEOVER balance, the FLAY you'll receive, and the FLAY remaining in the contract.

The window

1 year from launch. After that the migration closes permanently. There is no partial or reduced rate later. The TAKEOVER/ETH LP is permanently locked and will keep trading during the window, but do not rely on it after migration closes - see Post-Migration.

Protocol-owned TAKEOVER (the ~25% excluded above) will not be sold or migrated during the window.

What this means for the game

The app keeps running. But be clear about the token: once the window closes, TAKEOVER will be valueless. So before the deadline, get everything back into your wallet and migrate it:

• Boardroom: this will continue to operate as normal. However the TAKEOVER token will cease to have utility once the migration window closes and seats should be exited and migrated before then.
• TAKEOVER/ETH LP: this will continue to operate as normal during the migration window.
• Rewards and fees: claim anything outstanding. Rewards paid in TAKEOVER that are unclaimed when the window closes will be worthless.

The order is simple: exit your positions, claim what's owed to you, migrate everything at https://migrate.flayer.io (opens in a new tab).

Post-Migration

Once the migration window has closed any remaining FLAY will be withdrawn to the Flayer Foundation. Both the protocol owned TAKEOVER (currently locked) and migrated TAKEOVER will also be withdrawn, sold into the TAKEOVER/ETH LP for ETH, and that ETH market buys FLAY for the Foundation.

Questions you're probably asking

What if I miss the deadline? The contract's end time is immutable, so there is no extension and no second window. After the deadline TAKEOVER has no migration path and the Foundation will sell its recovered TAKEOVER into the LP, after which the LP will hold negligible value. Migrate before the deadline.

Can't I just sell instead? You can but the migration provides the full fixed rate with no slippage. In some instances the LP may provide a better price through arbitrage.

Will there be a snapshot or airdrop for holders who don't migrate? No. This is an active, opt-in migration. You have to move your tokens yourself.

Why wind down the token if the game was making money? The technology isn't going anywhere, it's being acquired. The game proved there was fundamental value, this move will help accelerate it.

Where do I learn more about FLAY? Tokenomics are outlined in Token Distribution & Allocation.

Trust assumptions, spelled out

• The migration contract is immutable: no proxy, no upgrades, and the rate can never be changed
• Nobody can withdraw the FLAY reserve or your migrated TAKEOVER before the window ends. Funding is one-way until then
• Migrations are paid from the contract's FLAY balance, funded with enough FLAY to cover every migratable TAKEOVER token (the full supply excluding burned tokens and protocol-owned liquidity) at the fixed rate

Questions? Ask, we'll answer.

NFTX/FLOOR $FLAY migration ratio

NFTX and FLOOR token holders will be able to migrate their tokens to $FLAY at a ratio outlined below

How to Migrate NFTX / FLOOR for FLAY

1. Go to https://migrate.flayer.io (opens in a new tab)
2. Select which tokens to migrate
3. Approve & Migrate tokens

Migration through Etherscan:

1. Approve NFTX and/or FLOOR tokens for the migration contract
2. Call swap (opens in a new tab) with the following parameters:
   • _recipient Enter the address that will receive FLAY ERC 20
   • Convert the NFTX ERC 20 token using _burnNftx
   • _burnFloor if you want to convert $FLOOR tokens

How to participate/acquire FLAY if you don't own NFTX / FLOOR

FLAY tokens will be swappable on Uniswap at the time of TGE. $FLAY is a token on Mainnet, and the $FLAY Token contract is 0xF1A7000000950C7ad8Aff13118Bb7aB561A448ee

What is the deadline of the migration

The migration window for NFTX/FLOOR token holders will remain open indefinitely. NFTX/FLOOR token holders that choose to migrate must first agree to the Token Migration Terms and Conditions, which can be found here