Token Unlock Procedure

BitClave
BitClave
Published in
4 min readDec 28, 2017

We are quickly approaching the next major milestone in our journey — the public release of BitClave tokens for mass usage!

Token name is finalized to be CAT. In multiple community surveys, CAT was consistently winning over the alternatives, so we have happily stayed with our original name. We are aware of the issue with duplicated CAT symbol, but our project has much more transactions than the other projects so we believe name conflict will not be a major issue. We successfully resolved this conflict with quite a few leading crypto wallets.

The following post provided a detailed description of the process that you will have to complete on your dashboard. To increase the security of this process, and to guarantee the release of tokens to your correct address, every step in this process will be verified through your email account.

If you wish to keep your tokens at BitClave’s wallet, do not proceed further. You will be able to come back to this procedure in future when you are comfortable.

First, the tokens that were released in Token Sale (called CAT v1) are temporary tokens and will remain locked forever. The main goal for these tokens was to make sure the tokens are sent to correct users and do not leak to exchanges before the procedure for name verification is completed.

The address of v1 token (temporary) is: 0x68e14bb5A45B9681327E16E528084B9d962C1a39

The address of v2 token (final token) is 0x1234567461d3f8Db7496581774Bd869C83D51c93

In order to receive the final token (CAT v2) you have to complete the procedure as is described here. The goal of this procedure is to verify that you hold the correct amount of temporary tokens (CAT v1) and only after you complete the procedure we will send to you the final CAT v2.

Step 1 — Confirm your token withdraw address

In this step we need to verify that the address you have on your dashboard is correct.

If your address is correct, press the green button. You will get email notification about this activity. Please verify you got this email notification and confirm the activity. After your confirmation from email your withdraw address will be finalized.

If your address is not correct, press “Address is not correct”. You will have to enter your new address. You will get email notification and you will have to approve this activity.

After you confirmed the withdraw address from email you will see the following screen and you are ready to continue to step #2

Step 2 — Verify token amount

At this stage we verify that you see the correct amount of CAT v1 tokens in your wallet. As part of this procedure we verify your wallet is ERC20 compatible wallet and supports BitClave tokens. The tokens that you are expected to see are the CAT v1 tokens(at this stage you are NOT expected to see the final CAT v2 tokens). As a reminder, the ERC20 address of the token CAT v1 is 0x68e14bb5A45B9681327E16E528084B9d962C1a39

If you observe the correct amount of tokens in your wallet, press the green button.

If you do not observe the correct amount of tokens, you will have to contact our tech support

After the completion of step 2, you should see the following screen

Step 3 — Final unlock of the tokens

This is the final step.

Step 2a — Verify your identity

In case you did not complete the KYC procedure, you need to complete it here before we can unlock the tokens for you.

Step 2b — Extra Security Verification

In some cases, the activity on an account raised some security concerns for us. In such cases we will take extra step in verifying your identity to protect your tokens, and we’ll ask you to verify your identity by taking a photo of yourself holding your passport

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BitClave
BitClave

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