diff --git a/app/src/main/java/com/tari/android/wallet/application/MigrationManager.kt b/app/src/main/java/com/tari/android/wallet/application/MigrationManager.kt
index 1d9259730..d2123e333 100644
--- a/app/src/main/java/com/tari/android/wallet/application/MigrationManager.kt
+++ b/app/src/main/java/com/tari/android/wallet/application/MigrationManager.kt
@@ -2,48 +2,27 @@ package com.tari.android.wallet.application
 
 import com.tari.android.wallet.BuildConfig
 import com.tari.android.wallet.application.walletManager.WalletManager
-import com.tari.android.wallet.data.sharedPrefs.network.NetworkPrefRepository
 import kotlinx.coroutines.Dispatchers
 import kotlinx.coroutines.withContext
 import org.apache.maven.artifact.versioning.DefaultArtifactVersion
-import java.io.File
 import javax.inject.Inject
 import javax.inject.Singleton
 
 @Singleton
 class MigrationManager @Inject constructor(
     private val walletManager: WalletManager,
-    private val application: TariWalletApplication,
-    private val networkRepository: NetworkPrefRepository,
 ) {
-
-    suspend fun validateVersion(onValid: () -> Unit, onError: () -> Unit) {
-        val walletVersion = getCurrentWalletVersion()
-
-        // FIXME: Temporary migration mechanism. It should be removed when minValidVersion is greater than 1.0.0-rc.8
-        if (walletVersion.isNotEmpty() && DefaultArtifactVersion(walletVersion) < DefaultArtifactVersion(PEER_DB_MIGRATION_MIN_VERSION)) {
-            performPeerDbMigration()
-        }
-
-        if (walletVersion.isEmpty() || DefaultArtifactVersion(walletVersion) < DefaultArtifactVersion(BuildConfig.LIB_WALLET_MIN_VALID_VERSION)) {
+    suspend fun validateVersion(onValid: () -> Unit, onError: () -> Unit) = withContext(Dispatchers.IO) {
+        val walletVersion = walletManager.getCommsConfig().getLastVersion()
+            .replace("v", "")
+            .takeIf { it.isNotEmpty() }
+            ?.let { DefaultArtifactVersion(it) }
+        val minValidVersion = DefaultArtifactVersion(BuildConfig.LIB_WALLET_MIN_VALID_VERSION.replace("v", ""))
+
+        if (walletVersion == null || walletVersion < minValidVersion) {
             onError()
         } else {
             onValid()
         }
     }
-
-    private suspend fun getCurrentWalletVersion(): String = withContext(Dispatchers.IO) { walletManager.getCommsConfig().getLastVersion() }
-
-    private suspend fun performPeerDbMigration() = withContext(Dispatchers.IO) {
-        application.applicationInfo.dataDir?.let { appDir ->
-            val peerDbFile = File(appDir, "files/${networkRepository.currentNetwork.network.uriComponent}/data.mdb")
-            if (peerDbFile.exists()) {
-                peerDbFile.delete()
-            }
-        }
-    }
-
-    companion object {
-        const val PEER_DB_MIGRATION_MIN_VERSION = "1.0.0-rc.8"
-    }
 }
diff --git a/app/src/main/java/com/tari/android/wallet/ui/fragment/auth/AuthViewModel.kt b/app/src/main/java/com/tari/android/wallet/ui/fragment/auth/AuthViewModel.kt
index 19b195ad3..1fd27398e 100644
--- a/app/src/main/java/com/tari/android/wallet/ui/fragment/auth/AuthViewModel.kt
+++ b/app/src/main/java/com/tari/android/wallet/ui/fragment/auth/AuthViewModel.kt
@@ -1,8 +1,9 @@
 package com.tari.android.wallet.ui.fragment.auth
 
-import androidx.lifecycle.viewModelScope
 import com.tari.android.wallet.R
 import com.tari.android.wallet.application.MigrationManager
+import com.tari.android.wallet.extension.launchOnIo
+import com.tari.android.wallet.extension.launchOnMain
 import com.tari.android.wallet.infrastructure.security.biometric.BiometricAuthenticationService
 import com.tari.android.wallet.service.service.WalletServiceLauncher
 import com.tari.android.wallet.ui.common.CommonViewModel
@@ -12,8 +13,6 @@ import com.tari.android.wallet.ui.dialog.modular.modules.button.ButtonModule
 import com.tari.android.wallet.ui.dialog.modular.modules.button.ButtonStyle
 import com.tari.android.wallet.ui.dialog.modular.modules.head.HeadModule
 import com.tari.android.wallet.ui.fragment.home.navigation.Navigation
-import kotlinx.coroutines.Dispatchers
-import kotlinx.coroutines.launch
 import javax.inject.Inject
 
 class AuthViewModel : CommonViewModel() {
@@ -32,15 +31,15 @@ class AuthViewModel : CommonViewModel() {
     init {
         component.inject(this)
 
-        viewModelScope.launch(Dispatchers.IO) {
+        launchOnIo {
             migrationManager.validateVersion(
                 onValid = {
-                    viewModelScope.launch(Dispatchers.Main) {
+                    launchOnMain {
                         goAuth.postValue(Unit)
                     }
                 },
                 onError = {
-                    viewModelScope.launch(Dispatchers.Main) {
+                    launchOnMain {
                         showIncompatibleVersionDialog()
                     }
                 }
@@ -65,7 +64,7 @@ class AuthViewModel : CommonViewModel() {
 
     private fun deleteWallet() {
         // disable CTAs
-        viewModelScope.launch(Dispatchers.IO) {
+        launchOnIo {
             walletServiceLauncher.stopAndDelete()
             navigation.postValue(Navigation.TxListNavigation.ToSplashScreen)
         }
diff --git a/build.gradle b/build.gradle
index 33e5a5f2a..76b914395 100644
--- a/build.gradle
+++ b/build.gradle
@@ -6,8 +6,8 @@ buildscript {
     ext.coroutines_version = '1.8.0'
 
     // build & version
-    ext.buildNumber = 304
-    ext.versionNumber = "0.27.0"
+    ext.buildNumber = 306
+    ext.versionNumber = "0.27.1"
 
     // JNI libs
     ext.libwalletHostURL = "https://github.com/tari-project/tari/releases/download/"