2022-11-08 19:03:09
$MIDAS Migration to Ethereum
On the 9th of November 2022, we will officially begin the migration to Ethereum - $MIDAS token will move to the ERC-20 token standard native to the Ethereum blockchain.This migration will open up brand new opportunities for the continued development of $MIDAS token in the DeFi ecosystem, further expanding on its utility.
How to Swap $
MIDAS to Ethereum
If you already hold your $MIDAS tokens on Midas’ platform, the migration will be done for you automatically beginning on the
9th of November 2022, at 8:00 am UTC. Deposits, swaps, and withdrawals of $MIDAS will be disabled for approximately 10 hours while the migration is taking place. During this timeframe, $MIDAS token holders will continue to earn $MIDAS payouts according to the updated APY. We will post a follow-up announcement once the migration is completed and everything is back to normal.
If you hold $MIDAS outside of Midas’ platform, you will have two options to complete the migration:
You may deposit $MIDAS into an existing Midas account in order to have the migration completed automatically for you. Please ensure your Fantom-based $MIDAS tokens are in your Midas wallet address by
8:00 am UTC on the 9th of November 2022. Users who chose to keep their $MIDAS off the platform before the specified date will be able to swap their $MIDAS token in a decentralized manner. Please wait for a separate announcement with the necessary instructions.
For more information about the $MIDAS token migration to Ethereum, check out our blog article https://blog.midas.investments/the-upcoming-launch-of-midas-token-swap/
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