Qtum ERC20 to Mainnet Token Swap
Qtum Ignition Tokens
The Qtum team has released the Qtum Ignition Token and all the Qtum ERC20 token holders will need to swap to the new Qtum mainnet tokens if they want to retain their tokens' value and functionality. The swap from Qtum ERC20 tokens to the functional network tokens or Ignition Tokens took place on October 4th, 2017.
Should you need to swap your ERC20 QTUM tokens for QTUM Ignition tokens, we have documented the process for doing this using the exchange service https://gate.io/. Please keep in mind that you'll need to go through KYC (Know Your Customer) procedures and provide identity verification to withdraw funds from the gate.io exchange.
The newer versions of Exodus support the mainnet tokens if you wish to send them back after the swap. Click here to view instruction on how to upgrade in case you need to.
ERC20 Qtum Token for Ignition Token Swap Process (Gate.io)
- Head on over to Gate.io and create an account. During this process, you'll have to create both an Account Password used for logging in and a Fund Password used for withdrawing your funds.
- Gate.io will contain two QTUM wallets - one is a QTUM_ETH wallet, which is where we'll be depositing our ERC20 QTUM tokens from Exodus. The other is a QTUM Ignition wallet, which will hold your new QTUM mainnet assets after the swap is completed.
Click here to view your QTUM_ETH wallet on Gate.io.
When you visit the link above, you'll be greeted with an address to deposit your ERC20 QTUM to. The page will look something like this:
Note: You may have to refresh this page for the deposit address to show up properly.
- Copy and paste the QTUM_ETH deposit address from the Gate.io page linked above and open up your Exodus wallet. Navigate to the Wallet > QTUM (old) tab within Exodus and Send your ERC20 QTUM to your Gate.io QTUM_ETH wallet:
- Once your ERC20 QTUM has been sent from Exodus to Gate.io, the swap process will take place automatically. This usually occurs within ~10 minutes and your new QTUM Ignition tokens will be deposited directly into your QTUM Ignition wallet at Gate.io, which you can see by clicking this link.
When the swap is complete, you should see the Balance increase in your QTUM Ignition wallet:
Note: You may have to refresh this page to get your balance to show up properly. Please also note that Gate.io requires a 0.2 QTUM Ignition minimum to withdraw your tokens to an external wallet.
If you want to continue storing and exchanging your new Qtum ignition tokens through Exodus, you will need to deposit them in your new Qtum wallet, which is different than the old ERC20 Qtum wallet. After upgrading Exodus, click here to learn how to enable new assets in Exodus.