Token Upgrade
In this guide, we will provide you with a clear and concise explanation
on how to upgrade your tokens, We will also discuss the benefits and
reasons behind upgrading your tokens.
How Upgrade Token
1. Create a Wallet on Hedera with HashPack Wallet
2. Associate ASSET(HTS) to your wallet, Token id 0.0.1991880
3. ASSET(BEP20), NBM(BEP20) => ASSET(HTS)
Why Upgrade Token
- 1. NBM (BEP20) was the native token of NFTBlackmarket, an NFT platform.
- 2. The platform shifted its focus to creating more DAPPs, and as a result, the name changed to iAssets.org.
- 3. The NFT platform’s name also changed to iAssets.Market, and it is currently under development.
- 4. NBM (BEP20) was changed to ASSET (BEP20).
- 5. A decentralized social media platform, iBird.io, was created.
- 6. The goal is to support multiple blockchains such as Hedera, Ethereum, Polygon, Avalanche, BNBchain, Arbitrum, and Optimism.
- 7. Both iBird.io and iAssets.Market will support these blockchains, but the intention is to migrate the ASSET (BEP20) token to the Hedera network as ASSET (HTS) for low fees and fast transactions.
- 8. The purpose of this migration is to customize for DAO, community ownership, active stewardship, pay tips on social, and use as a utility token on iBird.io.
- 9. NBM holders can convert their NBM to ASSET, with a reduction of 50% from 1 Quadrillion NBM to 500 Billion ASSET.
- 10. The old tokens will be burned, and the new tokens will be sent to holders. 84.89% of NBM was burned, and holders received ASSET (BEP20).
- 11. NBM is still available for trade on PancakeSwap, while ASSET (BEP20) will also be available for trade on PancakeSwap too.
- 12. In the future, ASSET (BEP20) will be burned, and holders will receive the new ASSET (HTS) on the Hedera network.
- 13. Also on hashport we will bridge to other networks and ASSET will be available on Ethereum, Polygon, Avalanche, BNBchain, Arbitrum, and Optimism.