WAB Migrated To Binance Chain And The Entire ERC-20 WAB To Be Burned

Dear WAB Network community!

WAB team is very pleased to announce that we have committed to move and develop the project on the Binance Chain ecosystem — one of the largest coin ecosystems today.We consider that this is a huge step which is rational with the upcoming development of WAB and ready for the mainnet event in the upcoming time. We deeply acknowledge the tremendous value that Binance has contributed to the electronic money community and wish to become a part of their new decentralized ecosystem and promote blockchain applications in real life.

The current WAB token on the ERC-20 platform of Ethereum will be entirely transferred to BAW token on BEP-2 platform of Binance Chain

Here are 3 notes about swap event:

• Conversion rate between WAB and BAW is 1:1
• After token BAW is listed on the exchange, we still support WAB for those who do not know about this swap event.
• All WAB token converted to BAW token will be burned monthly and we will have specific announcement about this burning.

1. Swap Instruction

Round 1:

With the cooperation and support from IDAX exchange, swap process will be fully automatically run until the end of June 14th, 2019.

Beside Binance, IDAX is the first exchange integrate BEP2 platform and BAW is the first coin which is run under BEP2 platform on IDAX. User who wants to swap WAB to BAW must join and register IDAX and send WAB to IDAX. The system then will automatically convert WAB to BAW

Swap schedule on IDAX:

• May 28, 2019 to June 14, 2019: IDAX will open WAB deposit function
• June 19, 2019: Automatically swap WAB → BAW and swap completed

Announcement of IDAX: https://idax.zendesk.com/hc/en-us/articles/360028821951-IDAX-will-open-WAB-deposit-withdrawal-and-trading

Round 2:

The development team has built an online swap port for any user from WAB community. So don’t worry when you can’t swap on IDAX, we will make a detailed swap instruction after BAW is stably listed.

2. Details of BAW token

• Platform: BEP-2 Binance Chain
• Contract: soon…
• Total Supply: 25 billion (unchanged)
• Circulating Supply: 10 billion (unchanged)
• Symbol: BAW
• Decimals: 8

3. Roadmap for the old WAB platform

• We still develop WAB in parallel with BAW until 100% users have completely swap.
• All the current Exchanges that WAB is listed remain unchanged.
• Once a month, we will sum up the swap amount of WAB token and will burn it all until the Total Supply equal to 0.

Thanks for your interest, we will announce about the next processes in the upcoming article !

Find us on social media:

• Whitepaper: https://baw.network/Whitepaper.pdf
• Official Website: https://baw.network
• Twitter: https://twitter.com/BAWnetwork
• Telegram Group: https://t.me/BAWgroup
• Telegram Channel: https://t.me/BAWannouncement
• Reddit: https://reddit.com/r/BAWnetwork
• Medium: https://medium.com/@BAWnetwork
• Youtube: http://bit.ly/2K6jgYo