The Final Countdown: Deadline for ERC20<>CNT Token Swap Requests Announced!

Iagon Team -

As we continue our journey as a Cardano-native, it's crucial to expedite the remaining ERC20<>CNT token swap requests. This step is not just about embracing change, but also about safeguarding our holders and maintaining transparency within our community. The time has come to finalize this transition and we're here to guide you through it.

Deadline: The Clock is Ticking!

We initiated the swap process more than year ago, providing ample time for everyone to make their move. Now, we're advancing to the next phase.

The final deadline for the swap requests has been set to 90 working days starting from today (November, 23th 2023). Post this period, we regret to inform you that we won't be able to process any further swaps. This is your last chance to make the switch!

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We will be accepting requests until 05.April 2024. 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. 

What if You've Already Registered?

If you've already submitted your swap request, relax! There's nothing more you need to do on your end. Just sit tight and await further instructions.

Please note that due to high demand, support response may exceed 10 days. Rest assured, if your request is submitted before the deadline, it will be processed.

Haven't Registered Yet?

If you haven't registered your swap yet, it's high time to do so! Please ensure to register your swap at swap.iagon.com before April 5th, 2024. This is a critical step to avoid missing out on the swap.

$IAG CNT Token Claim Procedure: Final Step
Our Cardano target is at arm’s length, but the last push must be made together.
Iagon Official BlogIagon Team

The Swap Process: Patience is Key

Remember, the swap won’t happen instantaneously. It follows a 'First Come, First Served' (FCFS) format and is capped at 500k IAG per month in total, not per user. So, patience will be your best ally here.

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We introduced a monthly swap limit of 500,000 IAG in total, starting July 1st, 2023.

What Happens After You've Sent Your Request?

Once your request is in, the waiting game begins. Here’s what you need to do next:

  • Wait for Your Turn: Your request will be queued in our system.
  • Monitor Your Status: Keep an eye on the public spreadsheet to check your current position in the queue.
  • Complete Step 3: Don’t forget to send your ERC20 tokens to the designated wallet as per the instructions in Step 3 of the swap process.
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Once you see your request in the public spreadsheet, then send ERC20 tokens back to our official Ethereum address - 0x707c05618b4ed6535af08995A4EEC212999d06a9

Summary: Your Action Plan

To ensure a smooth transition, here's your checklist:

  1. Submit Your Swap Request Before April 5th, 2024: Don't miss the deadline!
  2. Send Your ERC20 Tokens: Once you’ve registered, send your ERC20 tokens to the wallet we’ve specified.
  3. Await Your Turn for CNT Tokens: CNT tokens will be disbursed on a monthly basis, with a cap of 500k tokens per month.

Discover Updated Terms and Conditions for Token Swap Procedure in detail

Iagon-ERC20<>CNT Swap-Terms-and-Conditions.docx
Iagon-ERC20<>CNT Swap-Terms-and-Conditions.docx.pdf
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In summary, the key to a successful swap lies in acting promptly and following the steps meticulously. We're here to assist you through every step of this journey.