Bezant BEP-2 Token Swap Update

Published in

Bezant

3 min readJul 10, 2019

Bezant has begun swapping an initial 25% of ERC-20 BZNT (1 Billion total token supply) to the BEP-2 Token, as we have joined the Binance Chain. The swap between the BEP-2 BZNT token and ERC-20 BZNT token, will allow for two separate token systems, while still maintaining the same total token supply. In order to stabilize the Bezant token ecosystem, we will provide a limited token swap period but after this swap period ends, token swaps will be closed indefinitely.

Token Swap Details

A total of 5.34% of BZNT ERC-20 tokens have been swapped so far; 5% from Reserve (uncirculated) supply and 0,34% via public swap
No. of Tokens available for swap: 196,568,262 (19.65%)

Schedule

Token Swap Registration Period (July 11th, 10:00 ~ July 16th, 18:00, UTC/GMT+9)
ERC-20 Token Deposit Date (July 17th, 10:00 ~ July 19th, 18:00, UTC/GMT+9)
BEP-2 Token Distribution Date (July 20th, 12:00, UTC/GMT+9, this will be done all at once so there might be some delay)

Notice

In accordance with the agreement with Binance, the token swap will convert Bezant tokens from ERC-20 to BEP-2 tokens. At no time will the option to convert Bezant tokens from BEP-2 to ERC-20.

Bezant shall have no liability for any false, inaccurate, or incomplete information or any results caused by false, inaccurate, or incomplete information provided by the user.

1. Registration Notice

If the registered amount of swap tokens reaches the No. of Tokens available for swap: 196,568,262 (19.65%), the registration process will end prior to the end of the Swap Registration Period.

ERC token deposit: you must input the correct amount to be swapped. If you do not deposit the correct amount as pledged in the registration process, you will not be able to get your deposit refunded.

Maximum token swap amount per Registration : 500,000 BZNT
Please find a confirmation email in your inbox. It will be sent once a day. If you send the request by 19:00(KST), you’ll receive confirmation mail at 19:00(KST). The request sent after 19:00(KST) will receive confirmation the next day.

2. Deposit Notice

Bezant will provide a unique address to deposit your BZNT tokens through the email that you provided when registering.
Any deposits (ERC-20 BZNT) after the Deposit Period will not be refunded nor swapped.
After a deposit has been made, there will be no refunds and nor cancellations.
The deposit amount of ERC-20 BZNT tokens should be the same as the number that you pledged in the registration.

Token Swap Method

1. Registration (Closed on July 16th)

1. Go to Bezant website (https://bezant.io/)
2. Click Swap Menu on top
3. Enter your information in the google form
4. Check your email for confirmation (Users will receive a “registration success” email before the max token amount is reached. After it has reached, the user will receive a “registration fail” email.)

2. Deposit (Closed on July 19th)

1. Click on link that you received through the email that you’ve inputted on the registration form
2. Press the “Create Deposit Address” through the link
3. Deposit the total amount ERC-20 BZNT that you’ve pledged into the deposit address
4. Check your balance to confirm that the amount has been deposited
5. Press the submit button
6. Receive “Registration Complete” email

3. BEP-2 Distribution

1. Check the BZNT token balance of your Binance DEX address that you’ve provided
2. On July 20th 12:00, the BZNT BEP-2 token will be sent all at once; there might be some delay

Thank you.

Regards,

Bezant Team