aelf Extends its Mainnet Token Swap to March 9, 2023
aelf’s swap portal will keep running for another 3 months until March 9, 2023. If you want to try it yourself, please follow this tutorial.
Currently, there are altogether four types of ELF tokens: Mainnet ELF, ERC-20 ELF, BEP-20 ELF, and BEP-2 ELF. And Mainnet Token Swap helps migrate the latter three from their respective networks to aelf Mainnet. With aelf’s swap portal, ELF holders can manually exchange their ELF tokens on other networks to aelf Mainnet. Besides this, users can also withdraw Mainnet ELF at the following popular exchanges: Binance, OKX, Huobi Global, Gate.io, Upbit, and Bithumb.
The migration to Mainnet ELF is important because Mainnet ELF is the backbone of aelf’s ecosystem and governance. It can be used in 3 main scenarios:
- Stake&Vote: Users can stake&vote using ELF to participate in governance and receive staking rewards for their contributions.
- Pay transaction fees: ELF is used to pay transaction fees and SideChain index fees.
- Purchase resource tokens: Resource tokens are needed by developers if they want their projects to run on aelf. Depending on their own needs, developers can choose among the 8 types of resource tokens which ones to use and purchase the tokens with ELF. ELF is also used to pay method fees for calling smart contracts.
As aelf is seeing a rise in its user base and the number of projects developed, Mainnet ELF tokens will be more widely used in the future. aelf sincerely invites all users to join us on Mainnet.
Join us on TG or Discord to stay tuned and interact with aelf communities:
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD
