While we were upgrading our platform to version 2.0 smart contract, we discovered a problem with our existing token which could cause future viable barriers.
Since we always intend to upgrade tokens to increase the exchange's cross-chain capabilities of switches, we have decided to bring it forward to overcome the possibility of complications in the near future, and receive exchange version 2.0 of switches To allow the best security and smooth transaction process
Thus, we will start swapping 1: 1 for our new token for all SWH holders, who will trade under SWTH Ticker before deploying version 2.0 Smart Agreement. This means that cumulative supply of SWT token is similar to SWH. We will soon interact with third party apps and tools to reflect the new ticker symbol. Overall, we are certain that this will allow us to establish a more secure and reliable infrastructure that will allow nuclear swap in the future.
Currently, our tokens are only listed on switches and gate.io. At present, we are coordinating with Gate.io to ensure that the token swap currently monitors for the token on its exchange. We advise users not to trade SWH on Gate.io.
For the exchange of switches, we will stop the trade and users can cancel the order and withdraw SWH token to swap as well. When V2 launches, you can only use SWTH token as a feed discount token which will be burned on expenditure, so the price will not be worth swaping near the current SWH token.
The rest assured that all the tokens are safe within the switches exchange, and the token upgrade does not affect the safety of the stored token stored within the decentralized exchange smart contract.
Finally, to facilitate this token swap, we will stop the existing business on the exchange for 24 hours till 15 May, 6 PM + 8UTC.
This is a big step for the SWITCHEO team because we are about to unveil a new version 2.0 contract, which will include - immediate business and withdrawal, submission to smart contract, detailed transaction interface, public bot API, and more а lot. Therefore, we ask for your patience and understanding during this period because we transition into our new smart contract.
Token Swap Instructions
We have created a new page where users are able to swap their tokens.
Click on the token swap link available on the top left of the switches exchange, or by logging in to log in to go directly to https://switcheo.exchange/tokenswap. Specify the amount of SWH you want to swap by clicking SEND MAXbutton
Or type it manually. Click to send token for SWAPbutton
Note: You can swap tokens directly by sending tokens to your tokens swap address from your wallet: AiewWqeQBy6VCkqiTR9tgYfDqMWc9
To see upgraded tokens in other pockets like Neon, add the following script hash (SWTH): ab3832559bb203dfa0b07d8b525e132
Once completed, the existing SWH Token smart will be closed in the contract. Please also note that after this token swap, the previous SWH token will no longer be used by switches and the new v2.0 smart contract will fully use the new SWT token.
Please do not hurry because there is not enough time to complete the swap.
Finally, we want to personally thank each of you to support the switches exchange in the SwitchesTo team. Without you, our project could not be excellent at that rate since we started this effort. We are very excited to unveil New Switches Exchange Version 2.0 Smart Contract, and we know that our team will be excited to see all the hard work done in this project.
With devotion,
Switcheo Team
