How to Swap MIDAS tokens outside the Midas platform

Midas token swap

Last month, we released the MIDAS Token White Paper and formally announced the migration of the MIDAS token from the Fantom network to the Ethereum network. This migration will open up brand new opportunities in the continued development of the MIDAS token within the DeFi ecosystem, further expanding its utility.

On the 9th of November 2022, we successfully migrated MIDAS tokens from the Fantom Opera Network to the Ethereum blockchain for users who held their tokens on the Midas platform. However, not all MIDAS token holders transferred their funds to our platform for automatic swap. And today, we’re glad to announce the beginning of the Swap period for users who still store their MIDAS tokens on the Fantom Opera Network.

The Swap period has no end date and will be active until all MIDAS holders swap their tokens. MIDAS holders will have the opportunity to swap at any time during this period. The swap procedure is very simple and requires only a few steps.

Instructions

  1. Send your MIDAS tokens to a web3 wallet that supports Fantom and Ethereum networks and has the same wallet address on both networks.
  2. Make sure that you are connected to Fantom Opera mainnet and have the required amount of Fantom (FTM) in your wallet for the swap to be successful. This is a mandatory blockchain fee for transactions.
  3. Send your MIDAS tokens to this wallet address 0xb105e7083EAfBAfDC8fF3f9BC99535b5BA953626
  4. The Midas team will send you back the same amount of MIDAS tokens to the same wallet address that you’ve sent from but on the Ethereum network in ERC20 standard.
  5. Then switch the network from Fantom Opera mainnet to Ethereum mainnet and check your balance. During December, the swap will take up to 48 hours. Starting from January, the new MIDAS tokens will be sent once a week. 
  6. And you’re done! Now, your Midas tokens are stored on the Ethereum network, and you can deposit to the Midas platform to earn 22.2% APY or provide liquidity on Uniswap and earn rewards from liquidity mining. 

If you have any questions, please join the Midas community in Telegram or Discord. Our admins are always happy to help!

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