After the Fusion MainNet went live on June 30th, the time has arrived to transition your ERC20 FSN tokens to Fusion native MainNet FSN coins.

MainNet delivers on Fusion’s promise of being the best in breed solution for blockchain interoperability. As a result, Fusion empowers an incredibly easy Token Swap process whilst ensuring liquidity and compatibility with exchanges.

Indeed, FSN can exist and switch between various forms and still be compatible with MainNet, say as native MainNet FSN coins, ERC20 FSN tokens, or even the FSN Bep2 format that is the standard on Binance Chain DEX.

Token Swap

As described above, in the short/medium term Fusion tokens will exist in various states to maximize access to liquidity and to provide flexibility for token holders.

Token holders can seamlessly swap between native MainNet FSN, ERC20 FSN and later BEP2 FSN using Fusion’s Token Swap mechanism and Asset Gateway. Importantly, the total supply of FSN tokens will remain constant.

ERC-20 FSN

Token holders may send their ERC20 FSN tokens to the public address that will be provided on Fusion’s website. Subsequently, the wallet address from where the ERC20 tokens were sent will automatically be credited to the same wallet address on MainNet with native FSN coins. The amount credited will be equal to the amount sent.

EFSN (from Fusion’s PSN Test Network)

For token holders who have EFSN tokens on Fusion’s testing network known as PSN, the same process above applies. Token holders may send their EFSN tokens to the very same public address that will be provided on Fusion’s website. Subsequently, the wallet address from where the EFSN tokens were sent will automatically be credited to the same wallet address on MainNet with native FSN coins.. This includes time-locked EFSN. The amount and time period credited will be equal to the amount and time period sent.

Exchanges and Liquidity

Because of Fusion’s Asset Gateway, token holders can transition tokens between native FSN coins and ERC20 FSN tokens seamlessly, therefore they do not require exchanges to support Fusion’s token swap immediately in order to maintain liquidity.

Whilst the team expects all exchanges to transition to support native FSN coins instead of ERC20 FSN in the future, in the short term token holders can continue trading ERC20 FSN on exchanges.

UpBit exchange has already announced that they is supporting token swap.

Asset Gateway: Switching from Native FSN coins on Fusion MainNet back to ERC20 FSN

Above the team explained how to Token Swap from ERC20 FSN to native FSN on Fusion MainNet. Here they explains the opposite process, exchanging from native FSN back to ERC20 FSN.

Two items to note:

Switching from native FSN on Fusion MainNet back to ERC20 FSN using the Asset Gateway will be disabled until the 14th of July. There will be a 1% fee associated with switching from native FSN on Fusion MainNet back to ERC20 FSN.

A guide on how to use the Asset Gateway to perform this switch will be released following the launch of Mainnet and before the 14th of July.

Hardware wallets