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GNY Swapgate – facilitating GNY token swaps
Can I swap between GNY Mainnet, GNY ERC-20, and GNY BEP-20 tokens?
The GNY token may be held as either an ERC20 token on the Ethereum Chain or as a BEP20 token on the Binance Smart Chain. You can convert either token type to the GNY mainnet utility token and then swap again to your preferred token type (GNY ERC20 or GNY BEP20) all using the functionality of GNY’s in-wallet Swapgate. This will allow you access to a wider variety of trading and utility options.
All swaps happen without inflating the overall existing GNY token count. Swaps are 1:1.
You can get a better understanding of how the GNY token flow works by studying the following GNY Ecosystem Diagram:
What route do I take to swap GNY BEP20 tokens to GNY ERC20 tokens and vice versa?
To swap from GNY BEP20 tokens to GNY ERC20 tokens you must swap from GNY BEP20 tokens to GNY mainnet tokens, then swap from GNY mainnet tokens to GNY ERC20 tokens. GNY BEP20 >>> GNY mainnet tokens >>> GNY ERC20 tokens.
To swap from GNY ERC20 tokens to GNY BEP20 tokens you must swap from GNY ERC20 tokens to GNY mainnet tokens, then swap from GNY mainnet tokens to GNY BEP20 tokens. GNY ERC20 tokens >>> GNY mainnet tokens >>> GNY BEP20 tokens.
There are four separate GNY Swapgate function available within the GNY desktop wallet that provide for all the possible swap permutations.
- GNY BEP20 token to GNY mainnet token swap
- GNY mainnet token to GNY ERC20 token swap
- GNY ERC20 token to GNY mainnet token swap
- GNY mainnet token to GNY BEP20 token swap
The importance of binding your wallets before you commence your first swap.
The binding process is an essential initial step to ensure smooth swapping of tokens. Binding links the two wallets that are to engage in the swap. If your swap involves the GNY BEP20 token then a bind on the Binance Smart Chain must have been carried out (just once) prior to the swap. If your swap involves the GNY ERC20 token then a bind on the Ethereum Chain must have been carried out (just once) prior to the swap. Please note that using the GNY Swapgate without prior binding on the relevant chain will result in the loss of your tokens.
Binding for swaps that involve the Binance Smart Chain.
Swaps involving the Binance Smart Chain and GNY mainnet require both the user’s GNY Mainnet wallet and Binance Smart Chain-enabled wallet to be have a bind carried out in advance of the first swap. This step only needs to be carried out once for the Binance Smart Chain, and following it you may swap GNY mainnet/GNY BEP20/GNY mainnet as you desire. Even though you may have previously bound these wallets on the Ethereum Chain you are still required to bind on the Binance Smart Chain to facilitate GNY BEP20 swaps.
You can learn how carry out the Binance Smart Chain bind in the following tutorial:
Binding for swaps that involve the Ethereum Chain.
Swaps involving the Ethereum Chain and GNY mainnet require both the user’s GNY Mainnet wallet and Ethereum chain-enabled wallet to be have a bind carried out in advance of the first swap. This step only needs to be carried out once for the Ethereum Chain, and following it you may swap GNY mainnet/GNY ERC20/GNY mainnet as you desire. Even though you may have previously bound these wallets on the Binance Smart Chain you are still required to bind on the Ethereum Chain to facilitate GNY ERC20 swaps.
You can learn how carry out the Ethereum Chain bind in the following tutorial:
How to swap between GNY BEP20 tokens and GNY mainnet tokens
Have you carried out a bind between your GNY Mainnet wallet and Binance Smart Chain-enabled wallet? If the answer is yes then you can learn how to how to swap between GNY BEP20 and GNY mainnet tokens in the following tutorial:
How to swap between GNY mainnet tokens and GNY BEP20 tokens
Have you carried out a bind between your GNY Mainnet wallet and Binance Smart Chain-enabled wallet? If the answer is yes then you can learn how to how to swap between GNY mainnet tokens and GNY BEP20 tokens in the following tutorial:
How to swap between GNY ERC20 tokens and GNY mainnet tokens
Have you carried out a bind between your GNY Mainnet wallet and Ethereum Chain-enabled wallet? If the answer is yes then you can learn how to how to swap between GNY ERC20 tokens and GNY mainnet tokens in the following tutorial:
How to swap between GNY mainnet tokens and GNY ERC20 tokens.
Have you carried out a bind between your GNY Mainnet wallet and Ethereum Chain-enabled wallet? If the answer is yes then you can learn how to how to swap between GNY mainnet tokens and GNY ERC20 tokens in the following tutorial:
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