Token Swaps: What Are They, How They Work & Why They’re Happening Now

Learn some basics about token swaps, it will become the norm with Ethereum as a fund raising platform but not an effective operational blockchain.

Token Swaps: What Are They, How They Work & Why They’re Happening Now

So, your token is being sent to a new blockchain…

Far from an elaborate crypto scam, the decision to carry out this process, known as a “token migration” or “token swap,” has become increasingly popular among blockchain projects. Notably, two of the top 25 cryptocurrencies trading globally – Tron and EOS – are in the midst of such a transition, and at least two more top 30 tokens are expected to soon follow suit.

With millions – even billions – of dollars worth of tokens involved in each migration, the stakes are high. But despite this, the blockchain industry remains largely uninformed on token migrations and their implications. In a sampling of experts, CoinDesk found that even industry leaders were sometimes unable to answer basic questions about the process…….

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