How to Wrap Your OMI Tokens
Uniswap is the most popular decentralised exchange in the world, processing more than $1bn in daily trading volume on the Ethereum blockchain. The following instructions will enable you to ‘wrap’ your OMI tokens, and create an Ethereum compatible version of them (ERC20), in order to add liquidity to our Uniswap pool or trade your OMI tokens within the Ethereum ecosystem.
Use this service at your own risk
Before You Begin
For anyone new to tokens and chain swaps, we want to make it clear that you do not need to swap your tokens. Wrapping your OMI tokens is simply to enable you to use them on the Ethereum blockchain. If you do not intend on using your tokens on Uniswap or similar, you can leave your tokens as they are.
Using Metamask, or any other crypto wallet is at your own risk. If you do not know how to use crypto-wallets, or how to interact with smart contract functions, please do not proceed with your transactions.
How Do I Wrap My OMI Tokens?
We have built a swap site to make this process easy for you. Before we jump into the instructions it’s important to note that as all of these interactions happen through smart contracts, you will need to fund the gas in both directions. That means having both GO tokens and ETH for the contracts to execute and distribute your wrapped OMI (wOMI).
If you already have/use Metamask for your OMI, and/or have GoChain added as a custom network, you can skip to Step 4.
Step 1. Install Metamask
Metamask is a Chrome-based browser extension and wallet that allows you to interact with the Ethereum blockchain. You can download it by visiting Metamask.io and adding it to your browser. During the wallet set up you will be asked to record your private key (ALWAYS keep this safe, and away from nefarious actors).
Step 2. Add GoChain to MetaMask
As OMI is a GO20 token, you will need to add the GoChain network to Metamask’s interface before you can send your OMI tokens to it.
- Add GoChain as a custom network using these instructions. If you need to enter a chain i.d. enter ‘60’
- Switch to the GoChain network by selecting it in the drop-down box (where you see ‘Ethereum Mainnet’ next to your current account).
- Under the ‘assets’ tab, select ‘add token’
- Select ‘custom token’ and enter the OMI contract address:
- The details for the token should prefill with the name (OMI) and decimals (18). If not- enter them manually.
- Select ‘add tokens’ to confirm.
- You should now see the OMI token available to send/receive. When you go to use MetaMask in the future, just make sure you remember to switch the network to GoChain, or you won’t be able to find your tokens.
Step 3. Send SMALL Test Amounts to Your Wallet
We cannot stress the importance of this step enough. Please only send SMALL test amounts of GO and OMI to your Metamask account, to ensure you have completed this process correctly.
If you are sending OMI tokens from an exchange to Metamask, the exchange will fund the transaction fee. If you are sending your tokens from a personal wallet, such as the Secure Wallet or Trust Wallet, you will need GO tokens on those wallets first to process the transaction.
Once you confirm that you have received your tokens, you will also need to switch to the Ethereum network in your Metamask and send ETH tokens to your address, for gas on the contract distribution side.
The ETH gas fee is set by the current state of the blockchain, however, as a higher-level transaction, it will require more gas than a standard transfer in order to process/approve the distribution. Again- you are responsible for funding these transactions.
Step 4. Add wOMI to Metamask
In order to receive/view your wOMI on Metamask, you will need to add this new contract address.
- Open Metamask
- Ensure you are on the Ethereum Mainnet.
- Select ‘add token’
- Select ‘add custom token’
- Enter the wOMI contract address:
- It may pre-populate the ticker and decimals, however, if it does not:
Token symbol: wOMI
- Confirm and add the new token. You should now see wOMI as an available token option.
5. Connect Metamask to the Chainswap
Once you have set up MetaMask, are holding the tokens you wish to swap, and have both GO and ETH tokens in your account for gas, you can continue with the token swap process.
Please note that ALL transactions on the swap site are user funded, regardless of the direction of the swap.
- Visit chainswap.ecomi.com
- Click ‘connect to Metamask’
- It will pre-populate with the account/address you are currently using. If you wish to use a different address, switch the token account you are using in Metamask, and confirm it is correct on the swap site. You will need to fund this account with the correct tokens, should you wish to use a different address.
If your Metamask is set to the GoChain network, you will see the swap direction is OMI > wOMI.
If it is set to the Ethereum network, you will be presented with the opposite swap direction wOMI > OMI.
Step 6. Confirm Your Balances
Once your MetaMask is connected to the chainswap site, you will be able to see your current balances in the header bar. If this is the first time you are using the site, you should see a balance for OMI, GO and ETH.
Once you have completed a swap, the site will also populate your wOMI balance (unless you then move your remaining tokens out of your Metamask addresses).
Step 7. Enter Your Transaction Amount
For the rest of these instructions, we will detail how to swap OMI to wOMI. To swap back into OMI, and use your tokens in VeVe (or similar) simply change the network on Metamask, and perform the same action in reverse.
You will also note that there are instructions on the swap site page.
- Enter the amount of OMI tokens you wish to swap.
- Confirm that the receiving address listed matches the address on your Metamask account.
- Hit ‘swap OMI’
- Confirm that you understand you are responsible for paying the transaction fees on both sides of the transaction.
- The swap site will open Metamask, and you will need to confirm:
(1) the transaction and
(2) the funding fee (gas)
You must approve the transactions before they can be submitted. The transaction needs 50 confirmations before it will be processed. You should receive a browser notification from Metamask when it has been completed, however, if you do not, simply open the browser extension to see if there is a pending transaction waiting for your approval.
Please be aware that if the swap site is under significant load, these transactions WILL take a while to process. It is expected that the traffic to the site initially will be significant, and this could compound with the slower speeds of the Ethereum blockchain, so please be patient in waiting for the confirmations.
Step 8. Switch to the Ethereum Network
Once that transaction is approved and processed you will need to open your Metamask and switch to the Ethereum Mainnet, in order to approve the distribution of your wOMI tokens.
You will see this message:
- Open Metamask
- Switch network to Ethereum Mainnet
Step 9. Pay Fee and Approve Transaction
- Return to swap site and select ‘pay fee’ to fund the transaction
- Wait for Metamask to prompt you to sign this transaction. Again you will need to confirm the gas amount and approve the transaction.
Distribution of your wOMI tokens will take place after another 50 block confirmations.
Please be aware that if the swap site is under significant load, these transactions WILL take a while to process. It is expected that the traffic to the site initially will be significant, and this could compound with the slower speeds of the Ethereum blockchain, so please be patient in receiving your wOMI tokens.
Once the transaction is fully confirmed, your wOMI tokens will be distributed to your Metamask address. You will see your balances update in both Metamask, and the header bar of the swap site. You can then choose to use them in the Ethereum ecosystem, and interact with Uniswap.
Step 10. Adding Liquidity to Uniswap
Swapping your OMI tokens to wOMI allows you to interact with the Ethereum blockchain. If you would like to, once you have wrapped your OMI tokens you can add liquidity to our token pool on Uniswap and begin earning rewards.
As with all pools on Uniswap you will need to add both sides of the equation in order to earn LP rewards (wOMI/ETH). Using this service is at your own risk. We will provide initial liquidity to the pool, allowing anyone new to the ECOMI family to acquire their tokens from the exchange.
👉👉 Uniswap Pool Link 👈👈
To find the correct pool, please use the link above, or search using the wOMI contract address:
Information on this channel is subjective and should not be considered financial advice and is subject to change. See disclaimer
ECOMI is a technology company based in Singapore and is leading the way in the emerging digital collectibles space. ECOMI offers a one-stop-shop for digital collectibles through the VE-VE app bringing pop culture and entertainment into the 21st century.
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ECOMI sees digital collectibles as a new asset class that offers intellectual property owners the opportunity for new revenue streams in the digital landscape. Digital streaming, gaming, and in-app purchasing have become a multibillion-dollar market and the next to join this digital trend is the pop culture and collectibles industry.