Our goal between now and v2 is to use the taxes to capitalize PN, setting us up for success long-term. We are putting operational systems in place, hiring the right people, and creating our strategy for how we will generate revenue that can be shared with holders of PN.

Below we have compiled a list of your most frequently asked questions. We have even revealed some new things not yet announced to the community.

Can you find them? 😉

• Wen v2?
  • A date for the launch has not yet been communicated. Building v2 properly takes time and a great deal of work. We appreciate everyone’s patience. The community will be the first to know about the launch date.
• Has there been a fungibles airdrop yet?
  • There has not been an airdrop yet. PN holders of 100m tokens who qualified for the snapshot on December 9th 2021 are eligible to receive the Fungibles Ultra Alpha NFT member pass when it is launched in the future. There will be many opportunities to get a member pass by holding PN.
• I keep hearing about tiers, what are the benefits to holding PN?
  • HODLers are vital to the success of a project. Holding tokens helps stabilizes price and signals faith in the project. Our goal is to create a tiered system that rewards holders at all levels. Currently 500m is our top tier, followed by 100m - 499m, and then any size holder under 100m. In the past we have given more away at the 500m tier, and given away more things of value. We have also listened to the community and created smaller tiers so everyone can participate. It’s very possible 500m won’t even be the largest tier in the future. It’s also incredibly important to note that we aren’t just looking at how many tokens people hold, but the length they have held them. We are contemplating a formal PN Reward system that incentivizes amount & length of holding.
• What snapshots have been taken?
  • There was a snapshot taken on December 9th 2021 for holders of 100m PN to qualify for the Fungibles Ultra Alpha NFT, details outlined above. There was another snapshot taken of all holders for a giveaway of 8 LIT De Niro NFTs which occurred on January 14th. The winners have since received their NFTs.
  • A second snapshot was taken for the LIT Project 2: MOTION giveaway on January 10th, 2022. This snapshot was used solely for that purpose and will have no bearing on further giveaways.
  • As of January 10th, 2022 1:14 AM US PST no further snapshots have been taken. We will announce the next snapshot date ahead of time.
  • Another snapshot will be taken prior to the v2 contract launch in May.
• Do people that hold 500m PN get the Fungibles Ultra Alpha NFT?
  • The only people guaranteed to receive a Fungibles Ultra Alpha NFT are the people who were included in the December 9th snapshot of 100m PN holders. Holders of 500m PN will qualify for additional opportunities to win part of the limited supply.
• Why are people who are not holding 500m PN winning contests/prizes/giveaways?
  • There will be ongoing and future opportunities for holders of PN. There will also be times where giveaways and contests are hosted and open to anyone who is part of or joins the Probably Nothing Telegram. This will help us to grow the Probably Nothing community.
• Can I have more than one wallet with 500m PN?
  • Yes. Please note that if you choose to transfer funds from one wallet to another, that transfer will be subject to the 12% tax on v1, and we thank you for the treasury funds.
• Will v2 be a 1:1 swap for v1 tokens & will v2 be airdropped?
  • Everyone will be able to claim tokens that will have the equivalent value in version 2. Everyone will have ample time to claim before V2 goes live.
• Will we have to pay gas when migrating to v2?
  • Yes. You have to pay gas every single time you interact with the blockchain. There is no getting around this. It pays to be a miner.
• Will there be any other costs when migrating to v2?
  • No. Just your time in making sure you are aware of the process and when the launch will happen.
• What happens to holdings on LBank when we migrate to v2?
  • We hope to launch v2 on LBank as well but the timing of that launch will be uncertain; it may be best to transfer your PN out of LBank if this is a concern.
• How will we know when v2 launches? What if we miss it?
  • We will provide plenty of lead time prior to the v2 launch date and make announcements on our website, Twitter, and Telegram. The Telegram community will know first.
• Will we lose v1 tokens when swapping for v2 due to taxes on either side?
  • V1 tokens will be consumed when swapping for V2 tokens, and the swap contract will eventually hold all V1 tokens. V1 will go out of circulation and eventually all liquidity will be removed. We will take the token tax on v1 into account and considering strategies to minimize or compensate for the tax impact when swapping for v2. You will be able to swap any V1 tokens for V2 tokens for a significant amount of time, as we don’t want to miss anyone.
• Will there be a snapshot of v1 holders for v2?
  • The most likely scenario for v2 at this point will involve swapping v1 tokens for v2 in real time, which will not involve a snapshot.
• Will there be taxes on v2? Why will there be taxes? What will they be?
  • We cannot commit to any information yet on v2 token economics other than we would eventually like to be listed on centralized exchanges, and that tokens with a tax are not able to be traded on centralized exchanges.
• What happens with the liquidity currently locked on v1? Will that impact v2? When does it unlock?
  • The locked liquidity is owned by the previous team, and will unlock in *May. We plan to have migrated to v2 before this unlock, and we have also taken into account not needing that liquidity for a v2 launch. The taxes we are collecting now will go towards our starting liquidity.
• What is the purpose/goal of PN?
  • It is probably nothing. Read the medium article for now: https://medium.com/@Probably_Nothing/a-token-about-probably-nothing-8f2e20c6c9b5
• What is the plan with the current treasury?
  • Provide liquidity for v2 launch
  • Operational expenses for hiring, tech, marketing and brand
  • Make strategic moves to further the vision we are working towards
  • Increase the value of the treasury
  • Reward holders
• What are the targets for the current treasury, and do we have enough?
  • We do want to make sure we have enough to cover 12 months of burn while being able to provide a decent amount of liquidity. A company that has less than 12 months of operational cash in the bank is considered in the “zone of insolvency”. We want to ensure we can cover expenses for 12 months should we hit a bear market. We feel confident we will be able to have more than 12 months OpEx in the bank while also being able to fund the liquidity needed to launch v2.