Clarification on Token Swap

INT
INT Chain
Published in
2 min readJan 16, 2019

Generally there are three options for token swap:

1. Burn after a general transaction: Use your Ethereum wallet to initiate a transaction on the token swap page. You need to enter your private key to prove that the INT in the Ethereum wallet belongs to you. INT will not save your Ethereum private key, please rest assured. (INT Chain adopts this method)

2. Token burn after transferring token to a black hole address: for this method, the blockchain project cannot verify your identity, that is, can’t identify your newly created INT wallet. So we are not able to send the new INT mainnet coin to your INT Wallet. (INT Chain does not adopt this method)

3. Provide a recycling Ethereum wallet address: In such case, errors may occur when users enter the recycling address, resulting in the loss of coins. Also, INT team can’t identify your newly created INT wallet and are not able to send the new INT mainnet coin to your INT Wallet. (INT Chain does not adopt this method)

After the token swap, you can’t view the new INT mainnet coins in your newly-created INT wallet temporarily. The coins will be sent out to you automatically after a short period of systematic review.

If you still have doubts, you can create a temporary MEW wallet with a small amount of ETH as gas and then transfer all INT to your newly created MEW wallet to complete the token swap.

There is no deadline for the token swap unless INT Chain releases an announcement on the deadline in future. At present, the exchange has paused the withdrawals and deposits of INT. Once withdrawals and deposits are available, only the new INT mainnet coins can be traded, deposited or withdrew instead of ERC 20 INT tokens.

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