How to swap SLV tokens from ERC20 to BEP-2
Following our announcement of partial SLV token migration to Binance Chain, we would like to publish instructions on how SLV token users can swap their SLV ERC20 for BEP-2 tokens.
The integration of SLV with Binance Chain will launch a new BEP-2 token called SLV-986. This SLV token is native to the Binance Chain ecosystem, and the integration will bring about the subsequent migration of the majority of tokens from SLV ERC-20 to SLV BEP-2 tokens.
At least 50% of ERC20 SLV tokens currently circulating in supply will be frozen via an oracle wallet https://explorer.binance.org/tx/AFD8DA10B81CC3AB042234E287BCD996A2A04C656D58F054AD76EF07BF22C032, and an equal amount of BEP2 SLV tokens will be unfrozen on Binance Chain. Remaining tokens yet to be unlocked will be proportionally distributed between ERC-20 and BEP-2.
The maximum circulating supply of the Silverway ecosystem across all chains remains as before: 1,000,000,000. This will ensure continuity and transparency in regards to our market-driven token price and market cap.
The token swap process is very simple: just send SLV ERC20 to the gateway wallet address; provide the Silverway team with your Binance Chain wallet address; and receive the respective amount of SLV BEP-2 tokens.
Before you start:
- Please familiarise yourself with the instructions below before attempting to swap tokens;
- Secure and backup your new Binance Chain wallet. Neither Binance or Silverway can recover lost wallets;
- Keep in mind that there is no rush to swap tokens.
Swap your ERC20 tokens to BEP-2 in 5 simple steps:
- Prepare your ETH address where you store your SLV ERC20 tokens;
- Set up your Binance Chain wallet address to receive your SLV BEP-2 tokens;
- Send your SLV ERC20 tokens to the migration daemon address https://etherscan.io/address/0xe48f6b9d0c90f72e2436cbc4e032cf9452933012 and fill in your Binance chain wallet address in the transaction notes;
- Send an email with the ERC20 transaction TXID to conversion@silverway.io;
- Silverway will send the respective amount of SLV BEP2 tokens to the Binance Chain wallet address you provided.
And that’s it!
Please note that there is no way to swap BEP-2 SLV tokens back to ERC-20: this is a one-way process, with no increase in total supply. SLV ERC-20 held in private wallets or on other exchanges will not be impacted.
Please feel free to contact the Silverway admins on the official telegram channel with any queries you may have: @silverwayOTC
About Binance Chain
Binance Chain is a blockchain software system developed by Binance and the community. Binance Chain is a community-driven development project with many developers and contributors from all over the world. Binance DEX is the decentralized exchange feature developed on top of the Binance Chain blockchain
About Silverway
Silverway is the first integrated provider of trading data and liquidity for private sale tokens. The platform provides professional investors with access to aggregated data and analytics on OTC transactions to support investment decisions and helps buy and sell private round tokens.
Silverway introduces an effective solution to an unstructured and non-transparent market segment, unlocking $4 bn worth of locked value. The current ecosystem already includes 750+ professional investors and hundreds of projects, and could potentially be opened up to far more accredited market participants.
The platform has been created by a team of former Goldman Sachs and Barclays Capital investment bankers and private equity professionals who have been amongst the pioneer professional investors in the crypto and blockchain sector. Silverway team has embarked on a journey to institutionalize the $4 bn private token sales market segment, making it more transparent and safe to invest.
