#106·Khala PHA migration - Council motion #106

This motion will do the following operations to migrate the PHA token from Khala to Phala and Ethereum.

Step 1: Mint the required PHA to match the 1B PHA total issuance

Mint to: 436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3 (modlsygma/01 - Phala Bridge Vault)
Amount: 150,000,009.038343285962

Step 2: Transfer the corresponding balance from Khala wallets to Phala wallets

From: 436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3 (modlsygma/01 - Phala Bridge Vault)
To: Treasury
Amount: 54,479,144.153341352216

From: 436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3 (modlsygma/01 - Phala Bridge Vault)
To: 42hizisMoAkLonuiqSj2pfoDtZePydt9g1NNpuEW8fgATxnh (XCM outstanding PHA holdings)
Amount: 206,695.243350703098

From: 436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3 (modlsygma/01 - Phala Bridge Vault)
To: 436H4jat7TobTbNYLdSJ3cmNy9K4frmE4Yuc4R2nNnaf56DL (modlphala/pp - Phala Mining Subsidy)
Amount: 5,298,448.984889784818

From: 436H4jatj6ntHTVm3wh9zs1Mqa8p1ykfcdkNH7txmjmohTu3 (modlsygma/01 - Phala Bridge Vault)
To: Ecosystem Multisig for Migration (Transferring to Ethereum)
Amount: 116,980,473.930162043866

Next Step

We will initiate a tx to bridge the PHA from the Ecosystem Multisig for Migration wallet to Ethereum to set up the token migration to PHA ERC20.