DAPS Coin and SWAPS.network entered into a partnership whereby the token to coin transition process would be jointly built. SWAPS.network have an amazing platform for this and had success with previous projects.
WARNING: make sure to carefully read the instructions before proceeding!
Failure to correctly follow the steps detailed below WILL result in losing your DAPS tokens and DAPS coins.
The Transition will start at mainnet launch by the end of September 2019.
This is how the Transition Process will Work:
Download and install the official DAPS Coin wallet (Win/Mac/Linux or Android/iOS) from our website: https://officialdapscoin.com/wallets/ (to be released before mainnet launch).
Go to the “Receive” tab in your wallet and copy your DAPS coin address which looks similar like this example address:
Proceed by pasting your DAPS coin address in the field as shown below:
After entering your DAPS coin address, the backend will generate a unique Ethereum address connected to this DAPS Coin address.
Transfer your DAPS Tokens to the generated Ethereum address.
The backend will scan the Ethereum blocks looking for the unique address and will send your DAPS Coins to the connected DAPS coin address you specified in step 2. This process shouldn’t take longer than 30 minutes.
Is it really that easy? Yes!
We specifically designed the process to be as simple as possible.
There are many reasons for this, but the main one is that we want the capacity for mistakes to be as little as possible.
We’ve had many instances of people contacting us saying that they had sent their tokens to the contract address etc. We wanted to ensure that the transition process is as simple and easy to use as possible so that the number of mistakes that can be made is almost zero.
The main things to make sure of when you are going through this process is that the DAPS Coin address you provide is correct and entered right and that you make sure that you send the DAPS Tokens to the correct address. If you send the DAPS Tokens to the wrong address or you input the wrong DAPS Coin address you will end up losing both.
This is very important!
We cannot emphasize this enough please make sure all the details you enter into the transition system are 100% correct and also make sure you send your tokens to the unique address that you are given otherwise you WILL lose your tokens or coins or both.
- Do you need to create an account on SWAPS.network to claim?
No accounts needed.
- How many times can a user send tokens to their unique ETH address linked to their DAPS coin wallet?
- How long will it take from the time you send the coins to your unique address until you receive your DAPS coins?
Depends on how fast the ETH network is at the time but it’s estimated at 30 minutes.
- Is it safer to send a small amount first to try and after that send the rest of the tokens?
It is always a good idea to test something first. This is up to personal preference.
- Do I need to provide personal information like a TG-handle or email address?
Not at all.
- Will DAPS token still be trading together with DAPS coin?
- When will the token trading stop?
We are trying to coordinate with exchanges to stop trading as close to mainnet release date as possible. More info on this will be shared.
- Which exchanges won’t be listing DAPS Coin?
Fcoin, CoinVest, Crex24 and Citex.
Please remove your DAPS Tokens from these exchanges as soon as possible.
- How long will the transition process be open for?
60 Days – starting from the 30th of September 2019.
- Will any exchanges support automatic change of tokens to coins?
Stex Exchange is confirmed to date.
- Which exchanges are we waiting on for confirmation?
Bibox and BitMart
Let us know in our official channels Telegram Facebook or Discord if you have more questions and we will add them to the FAQ section above for everyone. Please follow our updates or newsletters closely as we release more information in the coming days regarding mainnet.