Many crypto projects started on the Ethereum network and launched their tokens according to the ERC-20 standard, but as soon as the vision becomes clear and the team receives the necessary funding, and over a period of time that may be predetermined, these projects move to establish their main networks and launch their currencies on the new network.

But what happens to the old ERC-20 project tokens?

The answer is that they are replaced with new ones in a process known as “Swap”.

Explanation of the currency exchange process (SWAP) in the world of digital currencies

Recently, in an official post from the Zilliqa team, he shared it on his official site In it, he explained that the exchange process is ready and that the percentage of currencies exchanged so far has reached 94%.

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The end date of the Zilliqa coin exchange and its symbol ZIL to the main network was set on February 15th.

The exchange process allows ERC20 temporary ZILs to be converted from the Ethereum network to native ZILs on the Zilliqa network at a 1:1 ratio.

It is critical for all ZIL token holders as the temporary ZIL trading for ERC20 will be frozen and will become obsolete and inoperable.

Also, to use the various decentralized applications in the ZIL ecosystem, local tokens and gas fees similar to ETH tokens are needed.

It’s worth noting that after the February 15 deadline, you won’t be able to swap your codes and they will be frozen forever.

So, to avoid this, the swap process can be done as follows:

Users can switch via one of the supported trading platforms listed below:

Binance, Kucoin, Coinhako, Huobi International

Which they must and through two simple steps as follows:

• Deposit ERC20 temporary ZILs in one of the platforms indicated above.
• Get original ZILs in return upon checkout.

ZIL currency can be stored in web or desktop wallets and the main ones are:

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Moonlet Wallet, ZilPay, Zillet.io, Atomic Wallet

Mobile wallets are as follows:

Trust Wallet, Math Wallet, Infinito Wallet.

Hardware wallets: Ledger Nano S

in the last:

Please follow the procedures and instructions of the platform you are using in the process of exchanging the tokens.

for example:

Make sure that you only send ERC-20 ZILs to the Ethereum address provided by the platform for the ERC20 temporary ZIL deposit, and only withdraw the original ZILs to the Zilliqa mainnet address which looks like this:

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zil1xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

important note: Tokens may be lost if you send ERC20 ZILs to the new Zilliqa main address directly without going through the trading platform.

Please refer to the platform’s customer support if you have any questions.

You should also stay vigilant from scammers.

Please use official sources to get your information and confirm this through channel community managers Telegram Official Zilliqa Project.

As a reminder, the last date for the exchange process is February 15, 2020.

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