Mainnet Swap(Mainnet Swap) Beginner's Guide
Mainnet Swap is the process by which a crypto project migrates assets from the original blockchain to another blockchain, commonly from a third-party hosted network to the project's own mainnet. Holders need to pay attention to the swap method, ratio, deadline, and service suspension arrangements.
What is Mainnet Swap
Mainnet Swap refers to a crypto project's migration from one blockchain to another, usually from a third-party platform to its own native mainnet. It does not necessarily mean building a new blockchain; it may simply involve adopting an existing protocol that better meets the project's technical requirements.
How does the migration work?
During a migration, holders typically exchange old tokens for the project's native coins at a fixed ratio to maintain the quantity relationship before and after the migration. Once completed, the old tokens are often burned or frozen. The migration may be handled automatically by a supporting platform, or users may need to use a migration contract.
What should holders pay attention to?
Rules, deadlines, and procedures vary by project; if the deadline is missed, old assets may become unusable because they are frozen or burned. During the migration, some services may also suspend deposits and withdrawals, and temporary differences between the old and new markets may arise before the liquidity transfer is completed. Therefore, the project's official instructions should be checked first.
Original Tutorial
https://www.binance.com/en/academy/glossary/mainnet-swap
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