What happens when a token migrates?
I'm wondering about the process and effects of token migration. Specifically, what changes occur when a token migrates from one platform or network to another?
What is token migration?
Excuse me, could you elaborate on the concept of token migration? I'm a bit confused about what it entails within the realm of cryptocurrency and finance. Does it involve the transfer of tokens from one blockchain to another? Or does it signify something more intricate and complex, such as the redistribution of tokens within a decentralized ecosystem? Clarifying this term would greatly benefit my understanding of the dynamics within the cryptocurrency space.
How does token migration affect the value and functionality of a cryptocurrency?
Could you elaborate on how token migration impacts the overall value and functionality of a cryptocurrency? How does it affect the holders of the tokens, and what are the potential risks and benefits involved in the process? Additionally, how does the migration impact the network's decentralization and security? Understanding these aspects would help us to grasp the full picture of the impact of token migration on a cryptocurrency.