Safex Migration

in cryptocurrency •  6 years ago 

Hi Steemit

safex.jpg

Safex ( Safe Exchange Coin) is doing a migration to its own blockchain. it has been about 1 month, but the number of migrated coins are currently around 10 percent of the total. If you own some Safex you need to migrate the coins and you will get the new Safex tokens, and also an airdrop of Safex Cash at ratio of 1: 0.0023

I think the time for migration is 1 year, so no hurry at this time i guess, I don't want to be the first because if there is a problem some people would have posted in discussion somewhere, i also don't want to be the last as i might forget about the deadline

These are the steps i took to Migrate my Safex Coins

Firstly Visit safex.io and click 'Get the wallet' to download Wallet version V0.0.7 which has the Migrate function in it

download wallet.jpg

You will need some BTC in your Safex wallet to perform the transactions, approximately 0.0005 on my first attempt and then the second one it was less, only around 0.0003

Open the wallet and click migrate on the top right

click migrate.jpg

And then choose the address you want the coin to migrate from (You can have multiple addresses in one Safex wallet) And click 'Migrate'

migrate.jpg

Read the terms and conditions and click I understand and proceed

read and proceed.jpg

Then choose new address

new address.jpg

This will be your new address where the coins will be migrated to on the new Safex blockchain. After you click new address your address information will be displayed, then choose "Backup" and save the txt file or you can print or screenshot if you like.

Click set first half

It will tell you how much BTC you would need , and then wait and refresh until the pending BTC becomes zero, it may take several minutes depending on the network

Click Set second half

set second half.jpg

Make sure you have the needed amount of BTC, and again wait few minutes and refresh until pending BTC becomes zero

Final Step Burn old Safex

final step burn safex.jpg

Enter the amount of Safex you want to burn and click send , make sure you have the required amount of BTC to perform. Check the target Migration address is the correct one also. It should be address that you have saved in your TXT file along with the keys

Again wait a few minutes and refresh, safex balance would become 0 but don't panic, wait a few more minutes and refresh again, and your migrated balance would appear under the migration table beside your old safex balance that should be 0 now

migration table.jpg

I believe the Safex team will release a wallet version V0.0.8 that will allow us to move the new coins and tokens

Thank you for viewing

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I don't have any safex, it sounds too much like a condom name....lol

Thank you edkarnie. Lol. There is also simplex which is a bitcoin exchange

@djohan,
You expressed those steps perfectly! I will try to be there! Hope we have more time to be there! Thank you for this update!

Cheers~

Thank you theguruasia. Still plenty of time for migration

Things are getting more complicated ...

Thank you freedomshifts, yes most tokens would eventually have their own blockchain and.you need to migrate them

Never heard of Safex before. Thanks for explaining.

Thank you floridanow. It is building an online shopping platform. I have owned it for over a year

Than you for sharing!! Have a nice weekend!
It’s going to rain here pretty soon!

Posted using Partiko iOS

Thank you kaminchan

Thanks for this update . Good description on safex migration.

Thank you pardeepkumar

You explained in very good tutorial. Thanks

Thank you spiritualpower

Thanks for sharing the update with us all didn't know about it earlier : )

Thank you blazing

Very good and well defined .
Thanks for information