Token Swap — How to Obtain Native MainNet FSN Coins
Dear Fusionites,
The much anticipated Fusion MainNet will go live on June 30th. And so, if you desire, the time has arrived to transition your ERC20 FSN tokens to Fusion native MainNet FSN coins.
MainNet delivers on Fusion’s promise of being the best in breed solution for blockchain interoperability. As a result, Fusion empowers an incredibly easy Token Swap process whilst ensuring liquidity and compatibility with exchanges.
Indeed, FSN can exist and switch between various forms and still be compatible with MainNet, say as native MainNet FSN coins, ERC20 FSN tokens, or even the FSN Bep2 format that is the standard on Binance Chain DEX.
Article Contents
Token Swap
As described above, in the short/medium term Fusion tokens will exist in various states to maximize access to liquidity and to provide flexibility for token holders.
Token holders can seamlessly swap between native MainNet FSN, ERC20 FSN and later BEP2 FSN using Fusion’s Token Swap mechanism and Asset Gateway. Importantly, the total supply of FSN tokens will remain constant.
How to execute Token Swap and obtain native FSN coins?
Fusion will publish a Token Swap public address on it’s website www.fusion.org once Fusion MainNet goes live on the 30th of June. The Token Swap public address will NOT be provided in advance of MainNet release. Please be careful of fake addresses and phishing attacks.
ERC-20 FSN
Do not send ERC 20 FSN to Easy Swap address directly from an exchange.
Token holders may send their ERC20 FSN tokens to the public address that will be provided on Fusion’s website. Subsequently, the wallet address from where the ERC20 tokens were sent will automatically be credited to the same wallet address on MainNet with native FSN coins. The amount credited will be equal to the amount sent.
Please note: Native FSN MainNet coins will ONLY display in www.myfusionwallet.com. Of course, once token swap is executed your ERC20 FSN will no longer be available to you in your ERC20 based wallet.
Do not send ERC 20 FSN to Easy Swap address directly from an exchange.
EFSN (from Fusion’s PSN Test Network)
For token holders who have EFSN tokens on Fusion’s testing network known as PSN, the same process above applies. Token holders may send their EFSN tokens to the very same public address that will be provided on Fusion’s website. Subsequently, the wallet address from where the EFSN tokens were sent will automatically be credited to the same wallet address on MainNet with native FSN coins.. This includes time-locked EFSN. The amount and time period credited will be equal to the amount and time period sent.
To access the PSN Fusion Wallet after MainNet goes live please visit the following web url: https://psn2.myfusionwallet.com
Exchanges and Liquidity
Because of Fusion’s Asset Gateway, token holders can transition tokens between native FSN coins and ERC20 FSN tokens seamlessly, therefore we do not require exchanges to support Fusion’s token swap immediately in order to maintain liquidity.
Whilst we expect all exchanges to transition to support native FSN coins instead of ERC20 FSN in the future, in the short term token holders can continue trading ERC20 FSN on exchanges.
UpBit exchange has already announced that they will be supporting token swap. We thank them for their promptness and commitment to our project. Please await their instructions before trading.
Asset Gateway: Switching from Native FSN coins on Fusion MainNet back to ERC20 FSN
Above we explained how to Token Swap from ERC20 FSN to native FSN on Fusion MainNet. Here we explain the opposite process, exchanging from native FSN back to ERC20 FSN.
Two items to note:
- Switching from native FSN on Fusion MainNet back to ERC20 FSN using the Asset Gateway will be disabled until the 14th of July.
- There will be a 1% fee associated with switching from native FSN on Fusion MainNet back to ERC20 FSN.
A guide on how to use the Asset Gateway to perform this switch will be released following the launch of Mainnet and before the 14th of July.
Hardware wallets
- Ledger is supported on www.MyFusionWallet.com and you can use it to access your native FSN on Fusion MainNet.
- Trezor support has not yet been integrated with www.MyFusionWallet.com and will be supported sometime in the future.
Additional Notes
Why change to native FSN on Fusion MainNet?
Only native FSN can be used to participate in staking.
Why not transition to native FSN?
Exchanges may not support trading native FSN immediately after Fusion MainNet launch. It will take some time for exchanges to be familiar with Fusion’s advanced technologies and execute changes on their end. However, UpBit will support trading of native FSN in the near future.
Important Things to Remember
- Most exchanges in the short term will continue to support ERC20 FSN trading instead of native FSN. When you deposit to the exchanges, please pay attention to the type of FSN tokens that they are supporting. You might lose your coins or tokens if you send the wrong type of FSN.
- Only native FSN coins on Fusion MainNet can be used for staking.
- There is no requirement to transition to native FSN on Fusion MainNet in the short/medium term.
- UpBit exchange will support native FSN shortly, follow their Social Media for exact timing.
- Be careful sending ERC20 FSN directly to a wallet address on Fusion’s MainNet, they may well be difficult to access unless you are very experienced in cryptography.
- Be careful sending MainNet FSN directly to a wallet address on the Ethereum network, they may well be difficult to access unless you are very experienced in cryptography.
- Do not send ERC 20 FSN to Easy Swap address directly from an exchange.
- Be careful of phishing websites, only obtain Token Swap address from www.fusion.org after MainNet goes live on the 30th of June.
Please be careful when executing Token Swap and feel free to ask any questions in the Fusion Official Telegram channel.
