As we already announced, Iagon launched a special CNT claim procedure area for the people in possession of ERC-20 $IAG tokens. You can dive deep into this topic in ‘Iagon’s going full Cardano’ article on our blog.
We’re so close to our goal to become 100% Cardano-native and only the final step left. Firstly, we are very grateful to our holders and the community for your patience and support. The last step is related to legal and accounting aspects. It requires some actions on both sides.
What requirements do you need to follow?
After lengthy consultations with lawyers and accountants, be sure it’s always hard to talk with these guys, we are forced to inform our investors that they will be required to send their $IAG ERC20 tokens back before the airdrop of CNT native ones. This is to keep the books clean and be transparent in legal matters.
We know that this creates certain inconveniences for you. But we also kindly ask our valuable community to understand the team in our approach to follow all regulation frameworks. We believe that together we can take that last step in our transition to Cardano.
What is the action plan to get your CNT Tokens?
We received a batch of requests from investors through https://claim.iagon.com/ for CNT token claim. Our team checked and collected them into the public spreadsheet.
With a remarkable increase in swap requests, we're introducing a monthly swap limit of 500,000 IAG, starting July 1st, 2023. It's important to understand that this limit is applied to the total swapping volume collectively, not individually. Swap has been open since 2021. Up until then, we've happily provided unlimited swapping opportunities.
So, let’s move to the next you should follow in detail:
1. Submit Token Claim Request on https://claim.iagon.com/
The claimable amount is equal to the total amount of ERC-20 IAG tokens you had in your wallet before the block: 15255835 (Aug-01-2022 09:32:31 AM +UTC).
After this date, we regret to inform you that we will no longer be able to process any further conversion requests. To ensure the successful conversion of your tokens, we kindly encourage you to submit your requests before the specified deadline.
👉 Learn more from that blog.
In Step 1, register your Cardano address on the website. Ensure that you connected with the same Ethereum wallet that contained your IAG tokens at the time of the snapshot.
If you hold additional $IAG tokens, the exact amount will be considered once the team verifies your information based on your request.
Please note that swaps are subject to Know Your Customer (KYC) procedures.
If the claim button is not visible in Step 1.
We suggest you proceed to Step 2 and send us a support ticket to email@example.com that includes both your ERC20 address and your Cardano wallet details. This will enable us to provide you with the necessary assistance efficiently.
2. Then everything is confirmed you need to send ERC20 tokens back to our official Ethereum address
Next step is to send your ERC20 tokens to our Ethereum wallet. Be sure you send the exact amount you claimed in your request. Please note that this is a one-time process.
So in case you hold more than requested -> It's important to send all IAG tokens in your ERC20 wallet during this process. This ensures that the procedure is completed effectively and in accordance with the guidelines provided.
If you have pending tokens through the first swap from IAG v1 to v2, you should send us tokens that you have already received in your Ethereum wallet at that moment. You’ll receive them and the rest of the $IAG tokens as CNT native in your mentioned Cardano wallet.
3. Then the transaction is completed, we will start CNT tokens transfers to your Cardano wallet.
Please give some time for support to respond to your query due to the large number of requests. It may take from weeks to months for an answer.
We kindly request that you refrain from sending multiple emails to the support team, as this could extend the duration of the swap process.
We appreciate your understanding and are here to assist you throughout the process.
Public Token Swap Database
You can view the complete list of token swap requests in a designated public spreadsheet. Please note that this document is for informational purposes only. The team updates it every 1-2 months, so the information may be outdated at times.
If you see any discrepancy with your submission (calculations, wrong numbers, no entry or anything else) - you should email us to firstname.lastname@example.org with details to confirm your submission.
Any actions needed for the crypto exchanges tokens?
$IAG token is CNT native only on Gate and Bitrue. It means we swapped ERC20 tokens to CNT ones for all valid holders. No actions needed and you are in a good shape.
For more information and other updates, please follow us on our social media (links below), or head over to the IAGON Website