We’ve received so many questions concerning DAOWallet and Token Swap that we decided to publish a series of Frequently Asked Questions devoted to them. The text will be expanded and updated as we keep receiving more and more questions and comments. In case you won’t find the answer here, please feel free to ask directly in our Telegram group or Email us.

NB! IF you've claimed the tokens, the token swap will occur automatically once the validators launch the token bridge (the native BET tokens will then appear on your account and will be managable).

IF you did not claim your tokens before, you will be able to do it via DAOWallet after the validators launch the token bridge.

Join DAOWallet to proceed with the token swap.

On any questions regarding the process of the token swap, please see the instructions:

The process shown in pictures and texts: https://daobet.org/static/docs/wallet_instruction_desktop.pdf

OR see the video on Vimeo: https://vimeo.com/372327747

Where can I find DAOWallet?

Please proceed to https://daowallet.com/ to see more info or directly to https://app.daowallet.com/ to log in.

Where are the tokens traded?

The BET ERC-20 token is traded on HitBTC. The new BET DAOBet token is not traded yet. We're working on it. More exchanges will follow soon.

I’m a validator. How to join?

Please see all the relevant information here: https://daobet.org/ ; https://docs.daobet.org/for-validators and complete a typeform to join: https://daobet.typeform.com/to/Vcin1c

Why swap tokens?

DAOWallet is a token swap tool. As you know, DAOBet transitioned from the Ethereum network to a self-build EOS-compatible chain with improvements for the iGaming industry like three sec finality and certified PRNG. Thus, the token transfers from one network to the other one. DAOBet token swap is a BET token migration from Ethereum to the native DAOBet blockchain network. The new token will be created and distributed among those holders who followed an instruction, while the old token will no longer be supported in some time. All the new BET tokens will be sent to DAOWallet once the token swap takes place.

When is the token swap?

IF you've claimed the tokens, the token swap will occur automatically once the validators launch the token bridge (the native BET tokens will then appear on your account and will be managable).

IF you did not claim your tokens before, you will be able to do it via DAOWallet after the validators launch the token bridge.

What is the deadline for the token swap?

The deadline is TBD, as we acknowledge, that not all of the holders have access to the BET ERC-20 right now, so we will do our best to prolong it as much as we can. More information will follow after the launch of the mainnet.

Can we use the BET ERC-20 token (not transfer to new BET DAOBet) someday?

It will be tradable on exchanges, but will not be supported within the DAOBet ecosystem.

I have my BET ERC-20 tokens on HitBTC, what should I do to transfer them into the new BET (DAOBet) token?

Please see the token swap instruction: https://daobet.org/static/docs/wallet_instruction_desktop.pdf

OR see the video on Vimeo: https://vimeo.com/372327747

I’ve converted BET(ERC-20) to DAOBet at DAOWallet. When can I see DAOBet tokens in my wallet?

The new tokens will appear in the wallet after the Token Swap starts. You can see the DAOBet in DAOWallet, in the tile and on the page of the new BET (DAOBet).

Is wallet downloadable?

No, it is online. We are developing the apps as well, stay tuned.

The wallet is currently in its Beta. Is it safe to swap tokens? Do you recommend this?

Yes, it's absolutely safe. 2FA ensures your fund's safety. Please make sure that you keep your credentials (a password & a mnemonic phrase) in a safe place.

Any plans to support hardware wallets (such as Ledger)?

We are planning to include the feature to import external private keys in a short while.

So what happens if I swap it before the token bridge is launched?

Nothing happens. It is not possible in the DAOWallet. Literally speaking, there's no functional for this.

Is it already possible to delegate our tokens to a validator and earn rewards?

It will be possible soon, please stay tuned.

Why are you called DAO?

We set a very ambitious goal for our project. We aim at creating a fully decentralized, autonomous product for the particular industry. That is why in our case “DAO” means “decentralized autonomous organization”. But we also respect DAO as a philosophical concept.

To be continued.

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