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description: A New Begining
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# 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.
