SIX Token Swap Guideline

SIX Network

Published in

SIX Network

5 min readJul 27, 2020

Convert SIX-Stellar Token to SIX-KCT Token

SIX Token Swap Guideline — from Stellar to Klaytn

1. Background

As ECHO and Snap applications onboard Klaytn blockchain, SIX token, which is a native asset of both applications and is currently on a Stellar-child token, needs to be swapped to become a KCT token (Klaytn Compatible Token) to ensure the compatibility with Klaytn blockchain.

2. Swap Details

· SIX token is currently on Stellar network and the swap is to convert SIX token on Stellar network to be on Klaytn network. The token after conversion will become a KCT token.

· Swap ratio is 1:1.

· Token name (SIX Network), ticker (SIX), and logo does not change.

3. Timeline

· Swap on website : SIX Swap website (29 July 2020, 11 AM Korean time)

· Swap on application : SIX Swap application on both iOS and Andriod (By August 2020 as we need to get approval from iOS and Android) — please note that the website shall be closed once the application on both iOS and Android is released.

Step-by-step guide to swap SIX token

Step 0 : Please make sure you have a Klaytn wallet address handy. If you do not have one, please generate a new Klaytn wallet address in either https://wallet.klaytn.com/or KLIP wallet on Kakao or https://coinone.co.kr/ Please DO NOT LOSE THE PRIVATE KEY. SIX Network is not responsible for the loss of your own private key. Here’s how to create a new Klaytn wallet.

Step 1 : Go to swap.six.network or download “SIX Swap” on iOS on Android which should be available for download by the end of August 2020

Once you get on to the website/ application, you will see the following landing page. Click “Swap”

Step 2 : Insert information as requested in the website

Step 3 : Please copy and paste your Klaytn wallet address here (“public address”). Please make sure that you have kept your private key very confidential. If you lose your own private key, you will not be able to recover any SIX-KCT tokens once you swap the tokens.

Step 4 : Please make sure that the Klaytn wallet address you have entered is correct. If you need to revise, please click the “back” button.

Step 5 : Once you click “next”, you will see the following page. Please make sure that you copy the ticket ID. This ticket ID is used to check the swap status. After you get ticket ID, please transfer the amount of SIX-Stellar you would like to swap to the Stellar address as given on the website and make sure you fill in the memo (text type) before sending the tokens. Upon completion of the swap, the converted SIX-KCT token will be sent to your Klaytn wallet address within 15 minutes.

Important Notes

(1) If you wish to swap SIX-Stellar to SIX-KCT, please make sure you have both Klaytn’s public and private address handy. Please DO NOT LOSE THE PRIVATE KEY. SIX Network is not responsible for the loss of your private key.

(2) Before the end of migration, SIX tokens are on both Stellar Lumen and Klaytn. Any time that you wish to make SIX transactions, please make sure that the wallet address is on the same blockchain as the tokens you are sending to.

(3) Please be REMINDED again that once the swap is initiated, you cannot swap the tokens on Klaytn back to Stellar Lumen.

(4) Do Not transfer the amount of SIX-Stellar you would like to swap to the Stellar address before you get ticket ID

About KLAYTN

Klaytn is a global public blockchain platform developed by Ground X, the blockchain subsidiary of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing an intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency.

About SIX NETWORK

SIX Network, founded in March 2018, is a blockchain project based on reinventing the digital economy to establish decentralized financial services while improving Wallet-to-Wallet interactions. SIX Network pursuits transparent, fair, secure, and efficient ecosystem for all stakeholders in the digital creative economy by providing these solutions, SIX Digital Asset Wallet, Decentralized Financial Services, Wallet-to-Wallet (W2W) Decentralized Commerce

Read the frequency asked question about swap SIX-Stellar tokens to SIX-KCT tokens

SIX Network Official Channels

· Website: https://six.network

· Facebook: https://www.facebook.com/thesixnetwork (Official)

· Medium: https://medium.com/six-network (Official)

· Bitcointalk: https://bitcointalk.org/index.php?topic=3222272

· Github: https://github.com/thesixnetwork

· Reddit: https://www.reddit.com/r/sixnetwork/

· Kakao: https://open.kakao.com/o/gQNRT5K

· Twitter: https://twitter.com/theSIXnetwork

· Telegram community: https://t.me/SIXNetwork (International)

· Telegram Korean: https://t.me/SIXnetworkKorea