Hey All,
This post is going to be a real example as to how one can migrate their native COTI tokens to the COTI V2 network and then move the COTI V2 tokens to the Ethereum Network. Incase you are wondering why one would need to do this process of migrating the COTI tokens then the answer is pretty simple native COTI tokens needs to be migrated and the new treasury requires COTI tokens to be on the Ethereum Network incase you want to stake the tokens and get the APR which is above 46% at the moment. In my earlier post I have already mentioned about that I have stake in the new COTI treasury around 45K+ COTI & gCOTI tokens staked and the plan is to build & #hodl the tokens until I reach the 100K+ mark here. The above image represent the overall total value locked $26+ Million in the new COTI treasury with 391+ Million COTI and 90+ Million gCOTI tokens staked getting an APR of above 46% at the moment.
Lets now look at the process of transferring the native COTI tokens. In the above image I am transferring around 4500 native COTI tokens to COTI V2 network. Lets look at it with a step by step process. Before we start let me just state that its a simple process and nothing here is complicated all you need to know is that steps you follow are correct and the address where to transfer the native COTI tokens is correct and quite obvious have sufficient tokens to pay the network fees token in COTI.
1 - Visit you VIPER Wallet & LOGIN
2- Navigate to the Send/Receive/Swap service page - the page is something like above
3 - Before we move any further click on the "Swap to COTI V2" button on this page. Also this means you have already linked your meta mask wallet address. Please note the message as well here on the screen that says::
"Swapping to COTI V2 is one-way process and cannot be reversed"
4 - Enter the details i.e. COTI tokens to be migrated
5 - Confirm the transaction on the Metamask.
Once done wait for some time and then you can check your native COTI tokens would have migrated to the COTI V2 network. You can check the same on the metamask wallet by changing the network to COTI and you should see your COTI V2 token balance. I guess this post should be it for todays post on - "COTI - How to MIGRATE COTI tokens to COTI V2 Network Part1.." Until then its just keep building #build and holding #hodl both the tokens i.e. #coti and #gcoti. Stay tune for the next part 2 where I would be covering::
How to transfer COTI V2 tokens to the Ethereum Network
Lets see how things pan out in near future and Interested then do yourself a favor to grab some coti and gcoti tokens now before they skyrocket and thank me later....& obviously DYOR... Stay Coti... And Happy Investing... cheers
Did you link your Viper Wallet to MetaMask? Are you invested in #COTI token? Did you know about this bridge on the COTI platform that lets you to transfer your COTI from centralized exchange to a DEX? Are you staking COTI vs gCOTI? Would love to hear your thoughts around it in the comment box below?
#coti #gcoti #airdrop #payment #rewards #treasury #staking #node #howto #transfer #crypto #cryptoofinternet #hodl #binance #bridge #currencyofinternet
Best Regards
Image Courtesy:: coti.pay, coti discord, metamask
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've have an interest in BlockChain & Cryptos and have been investing in many emerging projects..
