Transfer all LEDU tokens out of Gate Exchange Before the LEDU Token Swap!
A new LiveEDU (LEDU) token smart contract will be released to replace the current smart contract. Education Ecosystem will be conducting an LEDU token swap which means the current ERC-20 Education (LEDU) token will be converted into another ERC-20 token to be used on the Education Ecosystem platform.
The current LEDU smart contract will be locked soon and when it is locked no LEDU tokens can be transferred. If you want to transfer any LEDU tokens before the smart contract is locked, you should do so now.
Make sure you are holding your LEDU tokens in a private wallet before the LEDU token swap. If your LEDU tokens are on the Gate Exchange, they will be useless tokens with no future value. Thus it is important for you to transfer all of your EDU Tokens out of the the Gate Exchange and onto an ERC-20 compatible wallet.
A private wallet is one which is ERC-20 compatible where you own the private key. A few ERC-20 wallets are MyEtherWallet, Ledger Nano hardware wallet (the MOST secure), MetaMask browser plugin, and the Atomic desktop wallet.
LEDU Token Swap Process
The new ERC20 LEDU token swap will be done in a way that current LEDU token holders that follow the steps above don’t have to do anything. The new LEDU tokens will be sent automatically to their address. Again, the key here is:
- Transfer all of your LEDU tokes out of Gate Exchange if you have any stored there
- If you want to trade (sell/buy) LEDUs, now is the time because you won’t be able to once the LEDU contract is locked.
Until next time…