# The Transition

It has been a long time since we gave an update about the current situation with **Adamantium**. **Adamantium** is going through some big changes, the first being the creation of **$ADMx**! We **believe** that we haven't completely explained our vision with **Adamantium** which has led to a disconnect between the community and **The Team**. The vision **$ADM** initially had was never meant to solely be a rebase token, but rather, to be a **Hedge Fund** through utilizing taxes made from the buys and sells of the token which we would invest into potentially profitable ventures. We have made the decision to **deactivate** the script which ensures that **$ADM** pays out **rebases**. By the time you read this message, you will notice that rebases are no longer being distributed into your wallet. As a part of this process we will be deactivating the dashboard on the **DAPP** for the new few days ahead of the release of our new staking pool, which will allow you to redeem your **$ADM** for the **upgraded version**, **$ADMx**. **$ADMx** will allow you to have a better representations of your Adamantium's shares in that your token will be illiquid i.e we won't provide liquidity on any DEX, and instead will be buying/redeeming directly from the Adamantium website at a future time.

Once you redeem your tokens with the contract, it will be **automatically** converted to **$BNB**, while simultaneously receiving your share of $ADMx at the conversion rate of : **1000:1**. The BNB will be held in a **multisig** with **50% control by the Obsidian Council, James and Aussie** , which will require at least one vote from either side to pass any transactions. We are ensuring **transparency** while making sure the transactions happen **safely and smoothly**. The **liquidity** being burned there will always be some **$BNB** left in the original contract (an amount quite high). With the funds from the **$ADM** token, we will be **diversifying the investments** that back the **$ADMx** token as well as giving **base liquidity** in order for your **$ADM** tokens to be **redeemed** on the website. **To be clear**,We recommend you redeem your ADM for ADMx. This will increase the treasury for investments. $ADM's transition to **$ADMx** is the next **massive upgrade** in the history of **Adamantium**! We look forward to continuing to **build** and **provide value** to all of you.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://adamantium.gitbook.io/adamantium-1/usdadm-to-usdadmx/the-transition.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.