Topic: Token Swap - Question - page 2. (Read 267 times)

AFAIK, the swap terms and conditions are vary on each project, depends on the dev's decision. Some token just need to sit on an exchange and they'll automatically swapped to higher version while some needs you to "return" the coin to their desktop wallet for the swap. Furthermore, some dev allowed a special case where old token holders, under certain circumstances, can manually upgrade their token by sending it to dev's designated address and the dev will send them back the better version, while some, well some will just ignore you.

A good example that's based on my own experience is PSB (no longer exist, swapped to TOA). They upgraded their coin by simple method where holders only need to keep their coin on an exchange, and the coin will swapped automatically to newer version. A little while after the coin upgrade, they did another swap, rebranding or fusioning or whatever, to a coin called TOA. This time, they require you to transfer your coin to their wallet and it'll be swapped to TOA.

In case of someone missing the event... well, if you check their thread, there is someone missing the event, he just let that be, though, as the coin is a little bit worthless.

p.s.: does this topic belong to this board? Doesn't it have a better and more fitting board? Alt-coin discussion, maybe?

...and get all tokens/coins swapped automatically on big exchanges, like binance, cryptopia, cobinhood?

Should I only have to care about token-swaps for tokens/coins which are stored in a wallet?

Hello,

what happens If I miss a token swap? Is the token then worthless or not tradeable anymore? Do I lose money?

For example, I bougth Wagerr token on Waves and the token is still on this platform. Wagerr started a swap several days ago, do I have to send the tokens to the Wagerr-wallet, or can I leave it on the Waves-exchange, and sell it in a few months/years?