Volta Club is a decentralized autonomous organization (DAO) dedicated to promoting crypto/web 3.0 protocols and allocating its treasury resources to emerging projects. By implementing advanced treasury management strategies, the organization aims to achieve significant capital growth and surpass market expectations.

On August 28, 2023, Volta Club transitioned from Wonderland to introduce a new token built on the LayerZero OFT technology. This transition was made to enhance security and improve functionality across Ethereum, Avalanche, Fantom, and Arbitrum One blockchains.

The transition was prompted by the Multichain debacle, which posed a significant security risk to the DAO and left token holders stranded on different chains, unable to bridge and utilize their tokens effectively.

For holders of the now-obsolete wMEMO tokens, a mechanism has been established to transition to the primary Volta token at a fixed rate of 1:330. This transition is facilitated through the Volta Club's app on the respective chain where wMEMO tokens are held. Once migrated, users can easily bridge their tokens using the Volta Club app on any of the four supported chains.

A maximum supply of 1,000,000 Volta tokens has been set to accommodate the migration across all four chains, and no additional tokens will be created. To ensure the 1:330 exchange rate against the 1,000,000 Volta cap, Wonderland conducted buybacks and intentionally burned wMEMO tokens prior to the launch.

Volta Club regularly engages in market buybacks and token burns to maintain the token's value and reflect the collective achievements of the organization.