Ecobit (ECOB)

EcoBit (XEM) will be migrating to EcoBit (ERC20) Token on February 28, 2020.

There are currently 8,888,888,888 EcoBit (XEM), which will be swapped and reduced at a 10:1 ratio, resulting in a total of 888,888,888 EcoBit (ERC20) tokens (Step 1).

After the swap, your balance will receive a 1:10 bonus issuance (Step 2).

Additionally, due to the delay of the Spirulina Project in 2021, your balance will be given a 1:2 bonus token (Step 3).

Example of balance conversion:

• Current Balance: 20,000 EcoBit (XEM)
• Step 1 (10:1 Ratio Reduction): 20,000 EcoBit (XEM) → 2,000 EcoBit (ERC20)
• Step 2 (1:10 Bonus Issuance): 2,000 EcoBit (ERC20) → 20,000 EcoBit (ERC20)
• Step 3 (1:2 Bonus Token): 20,000 EcoBit (ERC20) → 40,000 EcoBit (ERC20)
• Final Balance: 40,000 EcoBit (ERC20)

Once all EcoBit (XEM) tokens have been migrated, they will be permanently burned and deleted.

Important Notice: Please ensure that your EcoBit (XEM) balance is in your dashboard account. Any balance outside our system (e.g., crypto exchanges or private wallets) MUST be transferred back to your dashboard balance for migration. Failure to do so will result in the permanent loss of your balance.