Intro
Welcome to Ethernity CLOUD's SWAP dApp
What is Ethernity CLOUD SWAP?
The token swap involves transitioning your individual ETNY tokens from the Bloxberg blockchain to the new token ECLD to Polygon blockchain. We're upgrading to provide you with advanced features and benefits.
How does Ethernity CLOUD SWAP work?
Ethernity CLOUD SWAP facilitates one-way token conversion, enabling users to convert ETNY tokens to ECLD tokens. This conversion process involves secure transactions and ensures the value of your assets is maintained.
Are there any fees associated with using Ethernity CLOUD SWAP?
No, currently, the swap is entirely fee-free as a courtesy to our users. We're committed to making sure the transition is smooth for all users without any additional charges. However, please note that our fee policy may be subject to change in the future, so it's a good idea to stay updated with our latest announcements and terms of service.
When does the token swap begin and is there a deadline for completion?
The token swap will begin on a specified date, and you'll have 5 years to complete your individual swap. We'll announce the start and end dates in advance to ensure a smooth transition.
How long does the token conversion process take?
The token conversion process on Ethernity CLOUD SWAP is designed to be swift and efficient, providing near-instant results.
Can I swap only a portion of my ETNY tokens?
Absolutely, you have the flexibility to choose whether to swap a portion of your ETNY tokens or all of them, individually based on your preference, with one rule, minimum amount should not be less than 1976 ETNY tokens.
Can I convert ECLD tokens back to ETNY tokens?
No, the swap is irreversible. Once you've initiated the swap and received the new tokens on Polygon, the old tokens will no longer be accessible or recoverable.
How will I receive the new tokens after the swap?
After successfully completing your individual ETNY burning, you'll receive an airdrop of ECLD tokens directly to your designated Polygon wallet address. This airdrop will ensure you have access to the new tokens on Polygon once the swap is complete.
What happens after I receive the new tokens on Polygon?
The ECLD tokens you receive on Polygon will be listed on exchanges, giving you the opportunity to trade or utilize them within the Ethernity Cloud ecosystem.
What is token swapping or bridging?
Token swapping, also known as bridging, is the process of converting tokens from one blockchain network to another. In Ethernity CLOUD SWAP, it involves converting ETNY tokens from Bloxberg to ECLD tokens on the Polygon MainNet.
Why would I need to use token swapping or bridging?
Token swapping or bridging allows you to leverage the benefits of different blockchain networks. With Ethernity CLOUD SWAP, you can tap into Polygon's features using your existing ETNY tokens.
What is the burning process in Ethernity CLOUD SWAP?
Burning tokens refers to sending your old ETNY tokens from Bloxberg to a special address. This step initiates the swap process to receive the new ECLD tokens on Polygon.
How does the minting process work in Ethernity CLOUD SWAP?
Minting involves creating new ECLD tokens on the Polygon MainNet when you convert your ETNY tokens. This process allows you to access Polygon's ecosystem using your minted ECLD tokens.
Where can I get support if I have questions or issues with Ethernity CLOUD SWAP?
For any inquiries or concerns, reach out to our dedicated support team at contactus@ethernity.cloud.
For support related to KYC, reach out to compliance@ethernity.cloud.
We're here to assist you throughout your experience.
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