Kyber Network’s Token Migration
Tuesday, 20th April, 9PM SGT (GMT+8), Kyber Network announced that the token migration process begins. KNC remains an ERC-20 token.
Wallets, Dapps, centralized exchanges, staking pools, and data sites like CoinGecko and Coinmarketcap will be provided with a set of (technical) KNC migration instructions and are expected to change the ticker symbols and support the migration.This to avoid confusion. The process will not be immediate and there will be a transition period where both KNCL and KNC tokens will run in parallel.
Take note the migration process has no hard deadline and there is no rush to convert to the new KNC tokens. KNC holders managing their own tokens on self-custodial wallets such as Metamask, Krystal, Ledger, Trezor, Keystore etc. you can convert to the new KNC token on your own via the Migration Portal
Migrate Old KNC to New KNC Instructions
💥 Navigate to kyber.org on desktop or using a Dapp browser on a mobile wallet (e.g. Trust, imToken, Enjin)
💥 Click the ‘Migrate’ button on the menu bar
💥 Connect your Ethereum wallet (e.g. Metamask, Ledger, Trezor, WalletConnect, Keystore)
Photo credit to Kyber Network
💥Click ‘Migrate’
💥 Approve Token if you haven’t done so
Photo credit to Kyber Network
💥 Confirm your Migration transaction on the UI and your wallet. As this is a transaction on Ethereum, gas is required.
💥 Click ‘Done’
You should receive your new KNC tokens in your wallet once the transaction is successful
ABOUT Kyber Network
Kyber Network is a decentralized, blockchain-based protocol that aggregates liquidity and enables the exchange of tokens without an intermediary. Kyber Network can be integrated into decentralized applications (dApps), crypto wallets, and decentralized finance (DeFi) platforms.
