The NULS Mainnet Swap Function Closes by 21st March

After the launch of NULS2.0 on September 12, 2019, the NULS team re-opened the NULS mainnet swapping function in conformity with their policies to reduce the probability of loss.

As per the plan, the ongoing swap function of the NULS mainnet will end on March 21, 2020, The members of the NULS community who have not completed swapping, are advised to complete it before the closure. Requests made after March 21, 2020, will not be taken into consideration. And the remaining, relevant ERC20 tokens will be donated to the NULS Community Fund.

The NULS core team has provided certain instructions which are to be noted;  

After the successful submission of the swapping application, the community member will get a unique ETH recycling address. The users are advised to remember this recycling address as it will be required for the transfer of the original NULS tokens after the swapping starts. In the meantime, after the transfer procedure ends the new mainnet NULS coin will be transferred to the submitted NULS address.

To ensure the safety of their assets, the users are advised to identify the recycling address that belongs to them. The community members are warned not to trust others that have offered self-identified recycling addresses via email, telegram, etc. In case if you have not received the NULS address within 24hours after the transfer, it is advised to save the transfer screenshot and other related information. The community members can contact support@nuls.io to report the issues. 

As per the swapping rules, if the swap is transferred now, a 1% service fee will be charged. The NULS token that is not swapped by March 21, 2020, will be further donated to the NULS Foundation.

Once the transfer procedure is complete, one can re-submit the NULS address to have a look at the transfer records of the account, including the transfer status, quantity and time of the transfer. 

Presently, the NULS has already launched a blockchain-building product named “Chain Factory” which is available to anyone for a limited time period, meanwhile, users can build a blockchain network on this platform. The primary agenda of Chain Factory is to assist anyone to build a blockchain at a low rate. It aims to discard technical barriers of blockchain and along with that provide access to better-quality third-party services which makes it a cost-effective platform for its users. NULS has been showing steady growth. With the launch of Chain Factory, the team hopes that this new endeavor will gain much popularity in the near future.  

Recent Articles

VeChain (VET) Keeps Uptrend Intact Despite Recent Pullback

VeChain has come up with a new tool that allows the food industry to deploy on-chain safety management solutions. It includes traceability templates. This...

Verge Battles the Bearish Pressure; May Soon Reflect Recovery

Verge currency’s YTD price movement has been volatile. The substantial improvement was seen in the last three months despite the sluggish momentum. The market...

Ontology Partners with NEAR Protocol to Boost Secure ID Solutions

Ontology is an open-source and highly performant blockchain for self-sovereign ID and data. Its sole aim is to deliver a fast, user-friendly platform equipped...

Bullionix is Set to Drive New Minting User Experience With Chainlink

The management board of Bullionix excitedly announced the scheduled collaboration with Chainlink VRF to drive the latest upgrade of the platform of distribution of...

KardiaChain Targets Blockchain Mass Adoption with New CBO

With many blockchain players competing around, blockchain solution providers are having a hard time achieving blockchain adoption among mass audiences in the non-crypto business. In...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox