Announcement: How to Matrix Token Swap

The Matrix Token Swap begins tomorrow at 11am! Details inside.

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At long last, after countless hours of tireless effort, the Matrix Token Swap is set to begin. As previously announced, the token swap begins tomorrow — April 11th — at 11am (Beijing Time) using the Matrix Web Wallet.

A detailed token swap manual can be downloaded on the official Matrix website. It is STRONGLY recommended to read the entirety of this manual prior to attempting the token swap.

About the Matrix Token Swap

There are three primary methods to complete the token swap: the Exchange-assisted Swap, the Matrix Web Wallet Auto-Swap, and the Manual Swap.

Token Swap Methods

Exchange-Assisted Swap

As of this writing, KuCoin, Coinegg and GAEX will support the Matrix Token Swap on day 1. Bitfinex, LBANK, Huobi and Gate.io will also support the token swap. Each exchange will announce their own schedules and requirements.

While the Exchange-Assisted Swap is the simplest method from the point of view of the token holder, this method creates a potentially awkward situation in the early-going. Please take careful note that, due to the fact that not all exchanges will support the Matrix Token Swap on day 1, there will be a period where both the ERC20 MAN token and native MAN token co-exist. As such, please be sure NOT to send your native MAN tokens to exchanges that only support the ERC20 token, and vice-versa.

Matrix Web Wallet Auto-Swap

What you need to have:

  • The Matrix AI Network Token Swap Manual
  • Your Ethereum wallet address’ private key or keystore file
  • A corresponding Matrix Mainnet Wallet Address
  • The Matrix Foundation Token Burn Account Address

What you need to do:

  • Visit the updated Matrix Web Wallet and unlock your Ethereum Wallet
  • Use your Ethereum Wallet Address to find your Matrix Mainnet Wallet Address
  • Send the number of ERC20 tokens you want to swap to the Matrix Foundation Token Burn Account Address
  • Receive native MAN tokens in your Matrix Mainnet Wallet in less than 2 days

Important to note:

Using your Ethereum wallet address to complete the token swap using the Matrix Web Wallet requires you to manually input the Matrix Foundation Token Burn Account Address. You must ensure that you correctly input this address. You must also ensure that your Ethereum wallet has enough ETH to pay the gas fee.

In order to ensure the safety and successful completion of the token swap, it will take approximately a day from the moment you send your ERC20 MAN tokens to receive your native MAN tokens. In a worst-case scenario, this process may take up to two days. This is because Matrix is using cross-chain technology to complete the token swap. To do so, Matrix is creating a mirrored Ethereum sub-chain. This part of the process is limited by the slow speed of the Ethereum network. You can refer to the Matrix Blockchain Browser or Matrix Web Wallet to verify your balance.

The Matrix Web Wallet Auto-Swap method is only guaranteed to be available between April 11th, 2019 and April 21st, 2019. While tokens can still be swapped afterwards, you will need to either use the Exchange-Assisted Swap or Manual Swap methods.

Manual Swap

A Note About Hardware Wallets

  • send your tokens to an exchange that supports the Matrix token swap.
  • first send your tokens to MEW, then complete the swap according to the steps outlined in the Matrix AI Network Token Swap Manual.

A Special Note

About Troubleshooting

One More Thing

Thank you to everyone who has joined us on this adventure — old friends and new acquaintances alike! And thank you for carefully completing the Matrix Token Swap.

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain.

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Owen Tao (CEO) | Steve Deng (Chief AI Scientist)

Written by

Matrix AI Network leverages the latest AI technology to deliver on the promise of blockchain. Website: www.matrix.io Telegram: t.me/matrixainetwork

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