Kardiachain auto swap KAI ERC20 to KAI Native token

KardiaChain
KardiaChain
Published in
2 min readMar 10, 2021

Dear Kardians,

We are proud to announce that since the launch of KardiaChain mainnet in Dec 2020, 90% of our circulating supply have already been converted to the KAI native tokens, those of which have contributed to 117,000+ wallet addresses, 173,000+ transactions, and 830+ million KAI staked to secure our network.

With the remaining ERC20 KAI tokens are now the minority, KardiaChain next step is to perform the auto swap of existing KAI ERC20 to KAI Native token by the end of March 2021. This action will mitigate confusion and concerns from users regarding KAI ERC20 transfer and provide more accessibility to Kardiachain new products soon, such as staking on Dual Nodes and KAI DEX.

From 9th April 2021, all KAI ERC20 will be paused and untransferable. Any exchange that do not support KAI native tokens will be forced to do so, otherwise their users will NOT be able to withdraw/deposit their KAI.

If your KAI happens to be in those exchanges, it is in your best interest to proactively swap the remains. Please send KAI ERC20 to supported exchanges such as KUCOIN to swap automatically, or swap to KAI Native via our permanent token swap bridge: swap.kardiachain.io

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KardiaChain
KardiaChain

UNIFIED BLOCKCHAIN ECOSYSTEM — The first fully decentralised interoperable and self-optimised blockchain ecosystem