Token Swap Launched!
The day is here — the token swap process has begun! Since the mainnet is now active, the only step left for you to start running your Essentia masternodes is token swap. Here, we will do our best to provide as much information as possible — if you have any further questions, please refer them to the official Telegram channel!
Ratio
The token/coin ration is 1:1, meaning that your one ESS token will be swapped to one ESS coin.
Schedule
The token swap has started today, on Wednesday, December 11, and will not have a final date. You will be able to swap your tokens any time you want.
Methods of swapping
For now, the token swap is only possible to conduct via Essentia desktop application: we developed a simple and fast service for everything to go as smooth as possible.
If you hold your tokens anywhere other than the Essentia native wallet, including MEW, exchanges, hardware wallets, etc, you will have to transfer or import your tokens to the native wallet using your private key.
Note: For now the token swap is only available for Linux and macOS. Windows will be available later, stay tuned for the news.
Not conducting the swap
If you choose not to swap your tokens, then you will not be able to set up a masternode.
Airdrop tokens
The tokens you got during the airdrop campaign should also be swapped for ESS coins if you wish to deploy a masternode.
ESS coin vs ESS token: how do I tell them apart
In the desktop application, you will be available to see both separate balances. Also, you can check your Ehtereum wallet balance on https://etherscan.io/ and ESS coin balance on https://blockexplorer.essentia.one/
Fees
Keep in mind, that in order to perform a token swap you will have to pay a regular ETH/GAS as a payment for the conducted transaction.
Support
If any issues occur please reach out to support@essentia.one and we will do our best to solve them.
WARNING
It is a known fact that the token swap period is one of the times when scammers are especially active. Please be careful and remember that:
- The Essentia team member will never reach out to you first.
- You shouldn’t share any personal information including your private keys with anyone asking for them.
If you detect any suspicious activity or have doubts about anything, please share your concerns in the official Telegram group — we are always there to clarify anything that doesn’t sit right with you.
Taking into account all the information stated above, please follow the official token swap step-by-step guide, which is posted separately for the sake of convenience: Token Swap Guide.
We hope this article was informative for you! Feel free to reach us any time you need it, we are here to walk you through every step of the Token swap.
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