BAK TOKEN UPGRADED INFORMATION

TokenBacon
TokenBacon
Published in
2 min readAug 23, 2019

We have completed the BAK smart contract upgrade. Now BAK lives at:

0x18162474734b1eAbd795B25D978558C09f9e1807 (BaconCoin.eth)

Dear TokeBacon community,

As you may have known, our mission is to establish a comprehensive platform that powered by user self-generated and self-controlled data. It has all been linked with assets. Through excessive technical development, we have upgraded Bacon Coin to a newer and robust version in ensuring a brighter future for the platform.

Details about BAK smart contract upgrade

🔳Expands Smart Contract as Ethereum side chain function
The sidechain application will have separate public accounts and wallets
Side chain wallet deposit/withdraw ETH function 。
Adds ETH seed/gain function in the smart contract without gas fees such as votes.

🔳Provides Digital Signature
➖BaconChain’s b
asic application platform enable users’ MetaMask wallet a fast and secure sign in user experience.

🔳supports “burn” feature

🔳Has the same quantity of token issuance , compatitble with early features. Token name and abbreiviation remains unchanged .

What BAK holders should do?

1) If you hold BAK on BaconWallet, the swap will be carried out based on a 1:1 ratio. The upgraded token will be hosted on the same Ethereum network.

2) If you hold BAK in a wallet other than BaconWallet, it must be transferred to the BaconWallet for completing the upgrade.

3) If you are holding BAK on exchanges, the swap process will be carried out based on a 1:1 ratio and fully automated. (Depends on exchange official announcement)

4) The upgrade will start at 2019/08/26 12:00 (UTC+8) and will shut down the upgrade system after all BAK upgrades are completed.

Summary: All BAK must be transferred to BaconWallet to complete the upgrade.

Reach out if any questions

Please feel free to contact us with any questions. We are happy to assist you. We look forward to this small step on TokenBacon ’s path to underpin the trustless token ecosystem of the future!

.If you still have further inquiries, please do not hesitate to contact us: support@tokenbacon.com

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Thanks for your support.

TokenBacon Team

2019/08/23

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