Aion Network Announces Token Swap Details
Matt Spoke gives Token Swap Overview:
https://www.youtube.com/watch?v=Vxe71es5SPw
Official blog Post:
https://medium.com/@aion_network/introducing-the-aion-token-swap-134e31233d13
On April 25th, 2018 the Aion Kilimanjaro mainnet was released along with the launch of Aion mainnet coin and we are excited to be moving forward with the next stage of this release, namely the ERC-20 token to AION coin swap.
The AION coin is the native asset of the Aion blockchain (as outlined in our Whitepaper), which is utilized for critical network functionality and our crypto-economic mechanisms namely: peer-to-peer transactions, utilization of computational resources, rewarding network operators and ultimately a critical security mechanism for inter-chain bridging and our consensus roadmap
While Aion is not the first organization to be performing a swap, we have taken this opportunity to apply our engineering excellence and provide what we believe to be a first-of-its-kind technology. We will be using a trustless Token Transfer Bridge, which will facilitate the swapping of the ERC-20 Token to the AION coin without requiring any intermediaries.
In addition to the Token Transfer bridge we will be supporting the swap via traditional means of exchanges as described in more detail below.
IMPORTANT: The swap window will be between September and November, and we require all Aion ERC-20 tokens to be swapped for AION coins, as 1) the full supply of AION coin is necessary for the healthy operations and the crypto-economic design of the network, and 2) there will be no future utility for the ERC-20 token and consequently we will be removing support for the token at the end of November.
Next Steps:
Signup here: https://tokenswap.aion.network to receive future updates on the timing and details of the swap process. All updates will also be documented on official Aion blog: https://blog.aion.network/. We’ll be releasing full documentation outlining the process of the token swap in early September.
FAQ
How many AION Coins will I get for my ERC-20 tokens?
The swap will be done at a 1 to 1 rate, so you will receive 1 AION Coin for 1 Aion ERC-20 token.
Will the swap cost me anything?
Using our Token Transfer bridge there will be no cost for the swap, other than the Ethereum gas cost for the transaction. If you use an exchange there may be a small transaction fee for facilitating the swap. You will need to check with each exchange for their transaction fees.
How do I migrate my Aion ERC-20 Tokens?
There are two paths for managing the swap.
1) Exchanges — We are working with a group of global and regional exchanges to provide support for the swap across our diverse community. In the coming weeks we will be updating a list of our partner exchanges that will be supporting the swap. These exchanges will allow you to deposit ERC-20 tokens during the swap period and at conclusion you will be able to withdraw AION coins.
2) Bridge — You can access the bridge through our Bridge UI and wallet interfaces such as MEW, MyCrypto, Meta Mask, Coinomi and Jaxx. To create your new Aion public address to input into the Bridge UI, utilize one of the various Aion Coin supported wallets that will be available for the swap. From the Bridge UI and supporting tools you will be able to send your Aion ERC-20, check on the status of your bridge transaction and receive your AION Coins.
Why do I have to switch to the native coin?
The full supply of Aion coin is necessary for the healthy operations of the crypto-economics of the network, and 2) there will be no future utility for the ERC-20 token and consequently we will be end-of-life’ing the token at the end of November.
What if I don’t migrate?
If you do not to migrate and you hold onto your Aion ERC-20 tokens, your tokens will not be supported by the Aion Foundation, Aion Network, 3rd Exchanges or 3rd party Wallets.
How do I store and interact with my AION Coin?
You may store your AION Coin with any exchange or wallet which supports the AION coin. Follow our blog for news on any new third-party entities which offer AION coin support.
Why am I seeing dual AION listings on some exchanges such as Bilaxy.
Several exchanges will be hosting the new AION coin while simultaneously hosting the legacy Aion ERC20 coin. Although the legacy ERC20 token will no longer be supported by the Aion Foundation, Aion Network or any third parties it will still be present on exchanges for a short period of time. Over time — the ERC20 token will no longer be on exchanges and the only Aion asset listed on exchanges will be the AION coin.
Why is there a price difference between the Aion token and the AION coin?
Although there may be a small variation in price between the Aion Token and the AION coin in the short term, the Aion Foundation will swap at a 1:1 ratio. The Aion Token will have no value or utility after the swap is completed.
AION Coin Supported Wallets
Aion Desktop Wallet (Linux & Windows)
Coinomi (iOS & Android)
Ledger Hardware (Under Review)
Additional supporting wallets will be announced leading up to the Token Swap.
AION Coin Supported Exchanges
We are working with top exchanges to support the Aion token swap. All swap supporting and exchanges listing the AION Coin will be announced leading up to the token swap.
visit: http://aion.network
Topic: Aion Token Swap - page 2. (Read 722 times)
Hello from the BITBOX Team,
Due to popular demand, we are having a second round of AION swap bonus!
Swap your ERC-20 AION with AION Coins on BITBOX. Earn 5% on your holdings for the swap.
- Period: 8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC
BITBOX provides a convenient way for AION holders to swap their ERC-20 tokens for AION Coins, while earning more AION!
Details:
1.Deposit your ERC-20 AION tokens on BITBOX (8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC).
2.Snapshot of users' account balance will be taken on 18 October 2018, 02:00:00 UTC. 5% bonus will be applied to the balance amount captured in the snapshot.
3.For users that earned their AION bonuses during the first round, bonus given out this round will only be on new ERC-20 AION deposts between 8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC
4.Maximum bonus per user is set at 1,000 AION.
5.No withdrawals of ERC-20 AION tokens will be allowed from 8 October 2018, 02:00:00 UTC - 18 October 01:59:59 UTC
6.In order to take an accurate snapshot, AION deposits will be suspended 2 hours before the snapshot (2018.10.18 00:00:00 UTC - 2018.10.18 01:59:59 UTC)
TERMS AND CONDITIONS FOR AIRDROPS
1. The AION Mainnet Swap Event 2 (collectively "AION Promotion 2") is organised by LINE Tech Plus Pte. Ltd. ("BITBOX"). Please read these Terms & Conditions ("Terms") carefully. By participating in AION Promotion, you agree to be bound by these Terms and all terms incorporated by reference. If you do not agree to these terms then do not participate in AION Promotion.
2. The promotion period covers 8 October 2018, 02:00:00 UTC - 17 October 23:59:59, and both dates are inclusive ("Promotion Period").
3. BITBOX reserves the right to revise these Terms at any time or withdraw AION Promotion at its own discretion and has the final say in the case of any disputes. If we make changes, we will post the amended Terms here.
4. To be eligible for AION Promotion 2:
(a) The user must be a registered user of BITBOX; and
(b)The user must have successfully completed the passport verification process by 17 October 23:59:59 UTC ;
5. Please also read the Terms of Service of BITBOX carefully, as the terms and eligibility requirements apply to all participants of AION Promotion 2
6. BITBOX reserves the right to reject any applicants if they fail to complete passport verification, or do not meet the eligibility requirements of BITBOX as set out in the BITBOX Terms of Service or these Terms. BITBOX's decision will be final.
7. There are no fees associated with your participation in AION Promotion. You may only register for AION Promotion 2 once, and the registration is non-transferable.
8. Please read our Privacy Policy carefully.
9. BITBOX reserves the right to deploy AION in one round or multiple successive rounds at its own election. In the case of a multiple round airdrop, BITBOX reserves the right to modify, cancel, or restrict participation at any time. Neither the issuer of AION token (the "Issuer") nor BITBOX will be liable in the case of any delay.
10. Only 400,000 airdrops of AION will be distributed to BITBOX users on a first come first served basis.
11. BITBOX is not the issuer of AION token, and is not affiliated to the Issuer. The Issuer has gone through the listing review process of BITBOX and has not been listed on BITBOX by default.
12. BITBOX will not be liable for any issues, including technical faults of AION. BITBOX will not be liable in any way whatsoever in relation to any matters including but not limited to the technical functionality of AION.
13. Directors, officers, employees and agents of the Issuer and any of their respective parent companies, affiliate companies, subsidiaries and agents are not eligible to participate.
14. You may withdraw from AION Promotion 2 at any time by contacting https://contact.bitbox.me/
15. If you have any queries about AION Promotion 2, please contact https://contact.bitbox.me/
16. These Terms are governed under Singapore law and all disputes are to be resolved in the exclusive jurisdiction of the Singapore courts.
RISKS DISCLOSURE
1.Please read the BITBOX Risks Disclosure Statement carefully.
2.Trading in digital tokens carries a high level of risk, and may not be suitable for you. When accessing the BITBOX platform, you should consider all risks in relation to the trading of digital tokens including but not limited to the risks listed in the Risks Disclosure Statement (knowledge risk, trading risk, market and pricing risk, liquidity risk, exchange risk, delisting risk, legal and regulatory risk, security risk, technological risk, other risks relating to trading activities).
3. BITBOX is not acting as your broker, intermediary, agent or adviser in any fiduciary capacity in organising the AION Promotion 2. You acknowledge that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these trading risks for you, and that BITBOX does not give advice (legal, tax, investment or other) or recommendations regarding digital tokens including the suitability and appropriateness of, and investment strategies for, digital tokens.
ens.
Due to popular demand, we are having a second round of AION swap bonus!
Swap your ERC-20 AION with AION Coins on BITBOX. Earn 5% on your holdings for the swap.
- Period: 8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC
BITBOX provides a convenient way for AION holders to swap their ERC-20 tokens for AION Coins, while earning more AION!
Details:
1.Deposit your ERC-20 AION tokens on BITBOX (8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC).
2.Snapshot of users' account balance will be taken on 18 October 2018, 02:00:00 UTC. 5% bonus will be applied to the balance amount captured in the snapshot.
3.For users that earned their AION bonuses during the first round, bonus given out this round will only be on new ERC-20 AION deposts between 8 October 2018, 02:00:00 UTC - 17 October 23:59:59 UTC
4.Maximum bonus per user is set at 1,000 AION.
5.No withdrawals of ERC-20 AION tokens will be allowed from 8 October 2018, 02:00:00 UTC - 18 October 01:59:59 UTC
6.In order to take an accurate snapshot, AION deposits will be suspended 2 hours before the snapshot (2018.10.18 00:00:00 UTC - 2018.10.18 01:59:59 UTC)
TERMS AND CONDITIONS FOR AIRDROPS
1. The AION Mainnet Swap Event 2 (collectively "AION Promotion 2") is organised by LINE Tech Plus Pte. Ltd. ("BITBOX"). Please read these Terms & Conditions ("Terms") carefully. By participating in AION Promotion, you agree to be bound by these Terms and all terms incorporated by reference. If you do not agree to these terms then do not participate in AION Promotion.
2. The promotion period covers 8 October 2018, 02:00:00 UTC - 17 October 23:59:59, and both dates are inclusive ("Promotion Period").
3. BITBOX reserves the right to revise these Terms at any time or withdraw AION Promotion at its own discretion and has the final say in the case of any disputes. If we make changes, we will post the amended Terms here.
4. To be eligible for AION Promotion 2:
(a) The user must be a registered user of BITBOX; and
(b)The user must have successfully completed the passport verification process by 17 October 23:59:59 UTC ;
5. Please also read the Terms of Service of BITBOX carefully, as the terms and eligibility requirements apply to all participants of AION Promotion 2
6. BITBOX reserves the right to reject any applicants if they fail to complete passport verification, or do not meet the eligibility requirements of BITBOX as set out in the BITBOX Terms of Service or these Terms. BITBOX's decision will be final.
7. There are no fees associated with your participation in AION Promotion. You may only register for AION Promotion 2 once, and the registration is non-transferable.
8. Please read our Privacy Policy carefully.
9. BITBOX reserves the right to deploy AION in one round or multiple successive rounds at its own election. In the case of a multiple round airdrop, BITBOX reserves the right to modify, cancel, or restrict participation at any time. Neither the issuer of AION token (the "Issuer") nor BITBOX will be liable in the case of any delay.
10. Only 400,000 airdrops of AION will be distributed to BITBOX users on a first come first served basis.
11. BITBOX is not the issuer of AION token, and is not affiliated to the Issuer. The Issuer has gone through the listing review process of BITBOX and has not been listed on BITBOX by default.
12. BITBOX will not be liable for any issues, including technical faults of AION. BITBOX will not be liable in any way whatsoever in relation to any matters including but not limited to the technical functionality of AION.
13. Directors, officers, employees and agents of the Issuer and any of their respective parent companies, affiliate companies, subsidiaries and agents are not eligible to participate.
14. You may withdraw from AION Promotion 2 at any time by contacting https://contact.bitbox.me/
15. If you have any queries about AION Promotion 2, please contact https://contact.bitbox.me/
16. These Terms are governed under Singapore law and all disputes are to be resolved in the exclusive jurisdiction of the Singapore courts.
RISKS DISCLOSURE
1.Please read the BITBOX Risks Disclosure Statement carefully.
2.Trading in digital tokens carries a high level of risk, and may not be suitable for you. When accessing the BITBOX platform, you should consider all risks in relation to the trading of digital tokens including but not limited to the risks listed in the Risks Disclosure Statement (knowledge risk, trading risk, market and pricing risk, liquidity risk, exchange risk, delisting risk, legal and regulatory risk, security risk, technological risk, other risks relating to trading activities).
3. BITBOX is not acting as your broker, intermediary, agent or adviser in any fiduciary capacity in organising the AION Promotion 2. You acknowledge that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these trading risks for you, and that BITBOX does not give advice (legal, tax, investment or other) or recommendations regarding digital tokens including the suitability and appropriateness of, and investment strategies for, digital tokens.
ens.
We are collaborating on integration of the Aion Coin and Swap support with multiple exchanges including Binance. As the exact timing of the support or listing is available we will communicate it through our channels.
Exchanges now supporting the token swap include: Changelly, BitBox, Kucoin, Bilaxy, LAToken, and VVBTC. We will continue to announce exchange swap partners as well as providing support for the Aion Token Bridge.
We are hard at work to continuously provide a seamless process for AION holders during our token swap with more announcements to follow shortly.
Binance stance on mainnet token swap
Binance will support all mainnet token swaps for relevant coins listed on Binance by default. Users holding coins involved in a mainnet swap in their Binance accounts do not need to do anything at the time of the swap: Binance will handle all technical requirements.
Our team is working hard to ensure a swift integration of all mainnet swaps. However, due to the large number of swaps being implemented at this time, we would appreciate your patience and understanding while we conduct the necessary security upgrades. The protection of your funds is our number one priority.
Please note that, in order to ensure the security of our users funds, deposits and withdrawals for coins undergoing mainnet swaps will be opened only after wallets have been fully upgraded and secured.
Thank you for your support.
Per Aion's swap announcement blog post:
"Also, please keep in mind that we require all AION ERC-20 Tokens to be swapped for AION Coins, as 1) the full supply of AION Coin is necessary for the healthy operations and the crypto-economic design of the network, and 2) there will eventually be no future utility for the AION ERC-20 Token and consequently we will be removing support for the token at the end of November."
Basically, the Aion ERC20 is literally just a token which was always intended to eventually be swapped for the native Aion coin for functionality on Aion's main net.
A bidirectional bridge is planned, but the current Aion ERC20 token contract is not compatible with bidirectional bridging because it cannot be burned/minted (or frozen/thawed) at will. Aion has proposed a new token standard that has this functionality. More on this new token standard is available here: https://blog.aion.network/aip-proposal-aion-fungible-token-standard-53c501aec970
Before the new token can be introduced, in order to avoid confusion, the old token needs to be replaced. Think of this as a necessary upgrade, like how early computers needed to add a modem before they could connect to the internet.
Relevant instructions on Ledger wallet are here:
docs.aion.network/docs/ledger-hardware-wallet-guide
docs.aion.network/docs/swap-overview
Aion Token Swap useful Info
https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
When?
Everyone must swap before the end of November, but no action is required immediately.
How?
Step-by-step instructions (including video walkthroughs): docs.aion.network/docs/swap-overview
Native Aion Wallets:
- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
Performing the Swap:
- Aion Token Bridge (advanced users) (http://bridge.aion.network/)
- LATOKEN (fees apply)
- Changelly
If you are not comfortable using the above options, wait for additional participating wallet and exchange options to be announced.
Binance, Kucoin, Trezor, etc. support will not be announced until confirmed.
🛑BRIDGE WARNINGS🛑
DO NOT USE UNTIL YOU FULLY READ AND UNDERSTAND ALL INSTRUCTIONS
🚨DO NOT CHANGE THE AMOUNT ("0") IN THE MEW/MC TRANSACTION OR YOU WILL LOSE YOUR FUNDS🚨
Official FAQ
Sign up for updates and announcements here: aion.network/token-swap
Contact: [email protected]
Hello windave, I am not that good in technicalities so I am asking to confirm and be confident in my next steps to do. So this is my plan, since Kucoin has announced their participation in the token swap, I will deposit my AION ERC-20 to Kucoin and after the system swaps my token, I will store it in my coinomi wallet. And since AION is now a coin itself, I should store it to Coinomi's AION coin and not to AION in Ethereum token. Please correct me if their are problems before I start to do the transfer.https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
When?
Everyone must swap before the end of November, but no action is required immediately.
How?
Step-by-step instructions (including video walkthroughs): docs.aion.network/docs/swap-overview
Native Aion Wallets:
- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
Performing the Swap:
- Aion Token Bridge (advanced users) (http://bridge.aion.network/)
- LATOKEN (fees apply)
- Changelly
If you are not comfortable using the above options, wait for additional participating wallet and exchange options to be announced.
Binance, Kucoin, Trezor, etc. support will not be announced until confirmed.
🛑BRIDGE WARNINGS🛑
DO NOT USE UNTIL YOU FULLY READ AND UNDERSTAND ALL INSTRUCTIONS
🚨DO NOT CHANGE THE AMOUNT ("0") IN THE MEW/MC TRANSACTION OR YOU WILL LOSE YOUR FUNDS🚨
Official FAQ
Sign up for updates and announcements here: aion.network/token-swap
Contact: [email protected]
yes, that would work. But Kucoin's swap date hasnt been announced yet, so check that as well.
🔑🔒Ledger has announced that the AION Coin is now supported on their Ledger Nano S device.
AION Coin and ERC-20 token holders can now benefit from the added security of holding their cryptographic private keys in Ledger's industry-leading hardware wallet.
🎈We are excited that Ledger can now be used to store your AION Coins during our Token Swap.
#AionSwap
https://blog.aion.network/aion-coin-now-supported-on-ledger-devices-e250a743d4c7
Aion Token Swap useful Info
https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
When?
Everyone must swap before the end of November, but no action is required immediately.
How?
Step-by-step instructions (including video walkthroughs): docs.aion.network/docs/swap-overview
Native Aion Wallets:
- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
Performing the Swap:
- Aion Token Bridge (advanced users) (http://bridge.aion.network/)
- LATOKEN (fees apply)
- Changelly
If you are not comfortable using the above options, wait for additional participating wallet and exchange options to be announced.
Binance, Kucoin, Trezor, etc. support will not be announced until confirmed.
🛑BRIDGE WARNINGS🛑
DO NOT USE UNTIL YOU FULLY READ AND UNDERSTAND ALL INSTRUCTIONS
🚨DO NOT CHANGE THE AMOUNT ("0") IN THE MEW/MC TRANSACTION OR YOU WILL LOSE YOUR FUNDS🚨
Official FAQ
Sign up for updates and announcements here: aion.network/token-swap
Contact: [email protected]
Hello windave, I am not that good in technicalities so I am asking to confirm and be confident in my next steps to do. So this is my plan, since Kucoin has announced their participation in the token swap, I will deposit my AION ERC-20 to Kucoin and after the system swaps my token, I will store it in my coinomi wallet. And since AION is now a coin itself, I should store it to Coinomi's AION coin and not to AION in Ethereum token. Please correct me if their are problems before I start to do the transfer. https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
When?
Everyone must swap before the end of November, but no action is required immediately.
How?
Step-by-step instructions (including video walkthroughs): docs.aion.network/docs/swap-overview
Native Aion Wallets:
- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
Performing the Swap:
- Aion Token Bridge (advanced users) (http://bridge.aion.network/)
- LATOKEN (fees apply)
- Changelly
If you are not comfortable using the above options, wait for additional participating wallet and exchange options to be announced.
Binance, Kucoin, Trezor, etc. support will not be announced until confirmed.
🛑BRIDGE WARNINGS🛑
DO NOT USE UNTIL YOU FULLY READ AND UNDERSTAND ALL INSTRUCTIONS
🚨DO NOT CHANGE THE AMOUNT ("0") IN THE MEW/MC TRANSACTION OR YOU WILL LOSE YOUR FUNDS🚨
Official FAQ
Sign up for updates and announcements here: aion.network/token-swap
Contact: [email protected]
Thanks for the info, i will learn about that
When?
Everyone must swap before the end of November, but no action is required immediately.
Maybe the question what happen if people not swap end of november??Everyone must swap before the end of November, but no action is required immediately.
Native Aion Wallets:
- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
So Aion will be own platform right?? Not token erc20 anymore- Aion Desktop Wallet (https://blog.aion.network/aion-desktop-wallets-9e02493dcc8d)
- Coinomi Mobile Wallet (https://blog.aion.network/coinomi-supports-aion-coin-c70cd8f5e90e)
- Ledger Hardware Wallet (coming soon)
KuCoin announced Aion token swap , and what about Binance ? I hope that they will announce swap soon , because binance is a biggest exchange that helds tons of Aion tokens and it's hard to imagine what will happen if they won't be swapped and just disappear when token swap period ends
For those concerned with Binance swap support, people are not really thinking logically, of course Binance will support the swap - they already support Aion and have never delisted a coin (outside of legal issues with CTR). Historically Binance has steered towards the tail-end of time windows for swap processes (which are usually quite short), Aion has declared until November. Take a look at previous swaps supported by Binance, they do not announce support of an upcoming swap until it's rather imminent, likely to not confuse their users with multiple announcements - Binance has not issued multiple announcements for an upcoming swap previously (other than EOS where it was deemed not communicated effectively). Aion has a longer window of time for swapping likely due to the fact users themselves can perform the swap at anytime using the bridge technology. Aions swap is one of the first to have the ability to be done in a decentralized manner. The Aion Foundation probably hopes users will investigate and use the bridge as it validates one of their main goals, something that sets them apart from other blockchain projects - interopability; hence the longer timeframe to aid in this learning curve and demonstrate their achievement.
"Also, please keep in mind that we require all AION ERC-20 Tokens to be swapped for AION Coins, as 1) the full supply of AION Coin is necessary for the healthy operations and the crypto-economic design of the network, and 2) there will eventually be no future utility for the AION ERC-20 Token and consequently we will be removing support for the token at the end of November."
Basically, the Aion ERC20 is literally just a token which was always intended to eventually be swapped for the native Aion coin for functionality on Aion's main net.
A bidirectional bridge is planned, but the current Aion ERC20 token contract is not compatible with bidirectional bridging because it cannot be burned/minted (or frozen/thawed) at will. Aion has proposed a new token standard that has this functionality. More on this new token standard is available here: https://blog.aion.network/aip-proposal-aion-fungible-token-standard-53c501aec970
Before the new token can be introduced, in order to avoid confusion, the old token needs to be replaced. Think of this as a necessary upgrade, like how early computers needed to add a modem before they could connect to the internet.
KuCoin announced Aion token swap , and what about Binance ? I hope that they will announce swap soon , because binance is a biggest exchange that helds tons of Aion tokens and it's hard to imagine what will happen if they won't be swapped and just disappear when token swap period ends
The current exchange swap options are to use
KuCoin:
https://news.kucoin.com/en/kucoin-will-support-the-aion-aion-mainnet-token-swap/
LATOKEN:
https://blog.latoken.com/update-aion-coin-integrated-new-withdrawal-security-check-latoken-platform-in-chinese-korean-2e1c4136e8e
Changelly:
Announcement Blog Post: https://blog.aion.network/swap-your-aion-tokens-with-changelly-eee6d0d61547
Exchange Site: https://aion.changelly.com/
Bitbox:
Announcement Blog Post: https://blog.aion.network/swap-support-on-bitbox-bcb66d7204dc
Here are the latest details about the swap and Aion Token Bridge:
https://blog.aion.network/aion-token-bridge-and-swap-live-1689ed5e279
Here's a list to the FAQs that we will update regularly, this has details to which exchanges are currently supporting the swap (KuCoin to be added soon):
https://forum.aion.network/t/aion-token-swap-faq/2087
KuCoin Will Support The Aion (AION) MainNet Token Swap
KuCoin are pleased to inform you that we will support the Aion (AION) MainNet Token Swap and we will help all AION holders on KuCoin to complete the token swap process. Related follow-ups to this subject will be announced separately.
We strongly suggest you to deposit your AION tokens to KuCoin and we will swap the MainNet token for you automatically.
See the official announcement here:
https://news.kucoin.com/en/kucoin-will-support-the-aion-aion-mainnet-token-swap/
Hello from the BITBOX Team,
Swap your ERC-20 AION with AION Coins on BITBOX. Earn 5% on your holdings for the swap.
- Period: 24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC
BITBOX provides a convenient way for AION holders to swap their ERC-20 tokens for AION Coins, while earning more AION!
Details:
1.Deposit your ERC-20 AION tokens on BITBOX (24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC).
2.Snapshot of users' account balance will be taken on 8 October 2018, 02:00:00 UTC. 5% bonus will be applied to the balance amount captured in the snapshot.
3.Maximum bonus per user is set at 1,000 AION.
4.No withdrawals of ERC-20 AION tokens will be allowed from 24 September 2018, 02:00:00 UTC - 18 October 01:59:59 UTC
TERMS AND CONDITIONS FOR AIRDROPS
1. The AION Mainnet Swap Event (collectively "AION Promotion") is organised by LINE Tech Plus Pte. Ltd. ("BITBOX"). Please read these Terms & Conditions ("Terms") carefully. By participating in AION Promotion, you agree to be bound by these Terms and all terms incorporated by reference. If you do not agree to these terms then do not participate in AION Promotion.
2. The promotion period covers 24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC , and both dates are inclusive ("Promotion Period").
3. BITBOX reserves the right to revise these Terms at any time or withdraw AION Promotion at its own discretion and has the final say in the case of any disputes. If we make changes, we will post the amended Terms here.
4. To be eligible for AION Promotion:
(a) The user must be a registered user of BITBOX; and
(b)The user must have successfully completed the passport verification process by 18 October 01:59:59 UTC ;
5. Please also read the Terms of Service of BITBOX carefully, as the terms and eligibility requirements apply to all participants of AION Promotion
6. BITBOX reserves the right to reject any applicants if they fail to complete passport verification, or do not meet the eligibility requirements of BITBOX as set out in the BITBOX Terms of Service or these Terms. BITBOX's decision will be final.
7. There are no fees associated with your participation in AION Promotion. You may only register for AION Promotion once, and the registration is non-transferable.
8. Please read our Privacy Policy carefully.
9. BITBOX reserves the right to deploy AION in one round or multiple successive rounds at its own election. In the case of a multiple round airdrop, BITBOX reserves the right to modify, cancel, or restrict participation at any time. Neither the issuer of AION token (the "Issuer") nor BITBOX will be liable in the case of any delay.
10. Only 400,000 airdrops of AION will be distributed to BITBOX users on a first come first served basis.
11. BITBOX is not the issuer of AION token, and is not affiliated to the Issuer. The Issuer has gone through the listing review process of BITBOX and has not been listed on BITBOX by default.
12. BITBOX will not be liable for any issues, including technical faults of AION. BITBOX will not be liable in any way whatsoever in relation to any matters including but not limited to the technical functionality of AION.
13. Directors, officers, employees and agents of the Issuer and any of their respective parent companies, affiliate companies, subsidiaries and agents are not eligible to participate.
14. You may withdraw from AION Promotion at any time by contacting https://contact.bitbox.me/
15. If you have any queries about AION Promotion, please contact https://contact.bitbox.me/
16. These Terms are governed under Singapore law and all disputes are to be resolved in the exclusive jurisdiction of the Singapore courts.
RISKS DISCLOSURE
1.Please read the BITBOX Risks Disclosure Statement carefully.
2.Trading in digital tokens carries a high level of risk, and may not be suitable for you. When accessing the BITBOX platform, you should consider all risks in relation to the trading of digital tokens including but not limited to the risks listed in the Risks Disclosure Statement (knowledge risk, trading risk, market and pricing risk, liquidity risk, exchange risk, delisting risk, legal and regulatory risk, security risk, technological risk, other risks relating to trading activities).
3. BITBOX is not acting as your broker, intermediary, agent or adviser in any fiduciary capacity in organising the AION Promotion. You acknowledge that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these trading risks for you, and that BITBOX does not give advice (legal, tax, investment or other) or recommendations regarding digital tokens including the suitability and appropriateness of, and investment strategies for, digital tokens.
Swap your ERC-20 AION with AION Coins on BITBOX. Earn 5% on your holdings for the swap.
- Period: 24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC
BITBOX provides a convenient way for AION holders to swap their ERC-20 tokens for AION Coins, while earning more AION!
Details:
1.Deposit your ERC-20 AION tokens on BITBOX (24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC).
2.Snapshot of users' account balance will be taken on 8 October 2018, 02:00:00 UTC. 5% bonus will be applied to the balance amount captured in the snapshot.
3.Maximum bonus per user is set at 1,000 AION.
4.No withdrawals of ERC-20 AION tokens will be allowed from 24 September 2018, 02:00:00 UTC - 18 October 01:59:59 UTC
TERMS AND CONDITIONS FOR AIRDROPS
1. The AION Mainnet Swap Event (collectively "AION Promotion") is organised by LINE Tech Plus Pte. Ltd. ("BITBOX"). Please read these Terms & Conditions ("Terms") carefully. By participating in AION Promotion, you agree to be bound by these Terms and all terms incorporated by reference. If you do not agree to these terms then do not participate in AION Promotion.
2. The promotion period covers 24 September 2018, 02:00:00 UTC - 8 October 01:59:59 UTC , and both dates are inclusive ("Promotion Period").
3. BITBOX reserves the right to revise these Terms at any time or withdraw AION Promotion at its own discretion and has the final say in the case of any disputes. If we make changes, we will post the amended Terms here.
4. To be eligible for AION Promotion:
(a) The user must be a registered user of BITBOX; and
(b)The user must have successfully completed the passport verification process by 18 October 01:59:59 UTC ;
5. Please also read the Terms of Service of BITBOX carefully, as the terms and eligibility requirements apply to all participants of AION Promotion
6. BITBOX reserves the right to reject any applicants if they fail to complete passport verification, or do not meet the eligibility requirements of BITBOX as set out in the BITBOX Terms of Service or these Terms. BITBOX's decision will be final.
7. There are no fees associated with your participation in AION Promotion. You may only register for AION Promotion once, and the registration is non-transferable.
8. Please read our Privacy Policy carefully.
9. BITBOX reserves the right to deploy AION in one round or multiple successive rounds at its own election. In the case of a multiple round airdrop, BITBOX reserves the right to modify, cancel, or restrict participation at any time. Neither the issuer of AION token (the "Issuer") nor BITBOX will be liable in the case of any delay.
10. Only 400,000 airdrops of AION will be distributed to BITBOX users on a first come first served basis.
11. BITBOX is not the issuer of AION token, and is not affiliated to the Issuer. The Issuer has gone through the listing review process of BITBOX and has not been listed on BITBOX by default.
12. BITBOX will not be liable for any issues, including technical faults of AION. BITBOX will not be liable in any way whatsoever in relation to any matters including but not limited to the technical functionality of AION.
13. Directors, officers, employees and agents of the Issuer and any of their respective parent companies, affiliate companies, subsidiaries and agents are not eligible to participate.
14. You may withdraw from AION Promotion at any time by contacting https://contact.bitbox.me/
15. If you have any queries about AION Promotion, please contact https://contact.bitbox.me/
16. These Terms are governed under Singapore law and all disputes are to be resolved in the exclusive jurisdiction of the Singapore courts.
RISKS DISCLOSURE
1.Please read the BITBOX Risks Disclosure Statement carefully.
2.Trading in digital tokens carries a high level of risk, and may not be suitable for you. When accessing the BITBOX platform, you should consider all risks in relation to the trading of digital tokens including but not limited to the risks listed in the Risks Disclosure Statement (knowledge risk, trading risk, market and pricing risk, liquidity risk, exchange risk, delisting risk, legal and regulatory risk, security risk, technological risk, other risks relating to trading activities).
3. BITBOX is not acting as your broker, intermediary, agent or adviser in any fiduciary capacity in organising the AION Promotion. You acknowledge that you are solely responsible for determining the nature, potential value, suitability, and appropriateness of these trading risks for you, and that BITBOX does not give advice (legal, tax, investment or other) or recommendations regarding digital tokens including the suitability and appropriateness of, and investment strategies for, digital tokens.
Swap Support on BITBOX
BITBOX, a global crypto exchange by LINE Corp, is supporting the Aion Token Swap. AION token holders can use BITBOX to convert their AION tokens to AION Coins.
BITBOX deploys cutting-edge technology to ensure the safety and security of your holdings against a variety of evolving threats. Their security experts are continuously implementing new measures to fully secure your experience and assets.
BITBOX ensures optimal user experience by offering help in a wide variety of languages with some of the longest support hours in the industry. You can rely on customer care in your language as well as direct real-time support when you need it. Please refer to BITBOX’s announcement and swap details for deposit and withdrawal timing.
Please sign up for our newsletter to receive up to date information & announcements by registering here.
BITBOX, a global crypto exchange by LINE Corp, is supporting the Aion Token Swap. AION token holders can use BITBOX to convert their AION tokens to AION Coins.
BITBOX deploys cutting-edge technology to ensure the safety and security of your holdings against a variety of evolving threats. Their security experts are continuously implementing new measures to fully secure your experience and assets.
BITBOX ensures optimal user experience by offering help in a wide variety of languages with some of the longest support hours in the industry. You can rely on customer care in your language as well as direct real-time support when you need it. Please refer to BITBOX’s announcement and swap details for deposit and withdrawal timing.
Please sign up for our newsletter to receive up to date information & announcements by registering here.
https://medium.com/@Changelly/wanna-swap-your-aion-erc20-tokens-to-aion-coin-do-it-with-changelly-e2d722ec8ab8
Wanna swap your AION ERC20 tokens to Aion Coin? Do it with Changelly!
Hey there, Aion holders! We have a really good news to announce for each one of you who wants to seamlessly swap an old AION ERC20 token to Aion Coin, the native asset of the Aion blockchain.
As you already know the Aion Kilimanjaro mainnet release along with the launch of Aion mainnet coin happened on April 25th, 2018. And now the time has come for another important release of the Aion swap service, arranged jointly by Aion and Changelly team for or exchanging your AION ERC20 tokens on Ethereum to Aion Coin. The new transferring service is available via a dedicated webpage.
How to Swap your Aion ERC-20 token to Aion Coins?
1. First of all, install the Aion desktop wallet. Here you can find the Aion full guide for the wallet installation.
2. Go to aion.changelly.com and login/sign up (to do that you need only an email).
3. On the first step enter the amount of AION ERC20 token to swap. You will get exactly the same amount of new Aion Coin (except the scanty Gas swap cost to execute a smart contract). Read the Terms of Use and Privacy Policy, tick the box below and proceed to the next step.
4. Enter your Aion new mainnet address generated by the wallet from the step 1. Then enter AION ERC20 token refund address and click the next step.
5. Check the amount, the recipient wallet address and other information. Send your tokens to start the token swap.
6. Now send your AION ERC20 tokens to us and wait for around 5–10 minutes. Your transaction status is shown in your transaction history along with other transactions made on Changelly.
7. Wait for the swap. The swapping process itself takes around 5 seconds (the rest of the time is taken by the network) and consists of three stages:
Getting confirmation
Swapping Aion to mainnet
Sending to your wallet
How does the swap process work?
When doing the swap you don’t do the exchange itself, hence no commission is charged for the procedure, other than the Ethereum gas cost for the transaction. In fact, you send us your AION ERC20 token, we burn it and fill up your wallet with the same amount of native AION coin. Changelly accepts tokens from any wallet that supports ERC20 such as Jaxx, Exodus or Myetherwallet, etc.
Pay attention that the swap window will be available between September and the end of November.
About Aion Coin
The Aion coin is the native asset of the Aion blockchain which is utilized for critical network functionality and its crypto-economic mechanisms namely: peer-to-peer transactions, utilization of computational resources, rewarding network operators and ultimately a critical security mechanism for inter-chain bridging and our consensus roadmap.
About Changelly
Changelly is the instant swap platform providing the ability to instantly and seamlessly exchange over 100 altcoins at the best market rate or buy them using a bank card. Operating since 2015, Changelly has attracted over 2M registered users from around the world. Currently, the service processes more than 15K transactions weekly with a monthly turnover of around 60K BTC.
Still got some questions about Aion? Feel free to ask Changelly support ninjas at [email protected]
Wanna swap your AION ERC20 tokens to Aion Coin? Do it with Changelly!
Hey there, Aion holders! We have a really good news to announce for each one of you who wants to seamlessly swap an old AION ERC20 token to Aion Coin, the native asset of the Aion blockchain.
As you already know the Aion Kilimanjaro mainnet release along with the launch of Aion mainnet coin happened on April 25th, 2018. And now the time has come for another important release of the Aion swap service, arranged jointly by Aion and Changelly team for or exchanging your AION ERC20 tokens on Ethereum to Aion Coin. The new transferring service is available via a dedicated webpage.
How to Swap your Aion ERC-20 token to Aion Coins?
1. First of all, install the Aion desktop wallet. Here you can find the Aion full guide for the wallet installation.
2. Go to aion.changelly.com and login/sign up (to do that you need only an email).
3. On the first step enter the amount of AION ERC20 token to swap. You will get exactly the same amount of new Aion Coin (except the scanty Gas swap cost to execute a smart contract). Read the Terms of Use and Privacy Policy, tick the box below and proceed to the next step.
4. Enter your Aion new mainnet address generated by the wallet from the step 1. Then enter AION ERC20 token refund address and click the next step.
5. Check the amount, the recipient wallet address and other information. Send your tokens to start the token swap.
6. Now send your AION ERC20 tokens to us and wait for around 5–10 minutes. Your transaction status is shown in your transaction history along with other transactions made on Changelly.
7. Wait for the swap. The swapping process itself takes around 5 seconds (the rest of the time is taken by the network) and consists of three stages:
Getting confirmation
Swapping Aion to mainnet
Sending to your wallet
How does the swap process work?
When doing the swap you don’t do the exchange itself, hence no commission is charged for the procedure, other than the Ethereum gas cost for the transaction. In fact, you send us your AION ERC20 token, we burn it and fill up your wallet with the same amount of native AION coin. Changelly accepts tokens from any wallet that supports ERC20 such as Jaxx, Exodus or Myetherwallet, etc.
Pay attention that the swap window will be available between September and the end of November.
About Aion Coin
The Aion coin is the native asset of the Aion blockchain which is utilized for critical network functionality and its crypto-economic mechanisms namely: peer-to-peer transactions, utilization of computational resources, rewarding network operators and ultimately a critical security mechanism for inter-chain bridging and our consensus roadmap.
About Changelly
Changelly is the instant swap platform providing the ability to instantly and seamlessly exchange over 100 altcoins at the best market rate or buy them using a bank card. Operating since 2015, Changelly has attracted over 2M registered users from around the world. Currently, the service processes more than 15K transactions weekly with a monthly turnover of around 60K BTC.
Still got some questions about Aion? Feel free to ask Changelly support ninjas at [email protected]
Any plans for Desktop Wallet for Windows lower than Windows 10? Good thing we are given enough time to swap AION because with the given instructions, it's quite hard for a non-advance individual like me to follow. I hope they can give an easiest way to swap in the next weeks before November ends.
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