Regardless of whether your tokens are staked, in a software wallet, hardware wallet or on an exchange, they’re safe. Read further to find out whether you need to do anything.
ADX tokens staked on our staking portal will be automatically upgraded to the ‘new’ ADX token. We are also working with the major exchanges which support ADX to make sure tokens held on the exchanges are also upgraded automatically. In both those scenarios you do not need to do anything.
If you hold ADX tokens on a wallet (regardless if hardware or software), you are able to upgrade them on our Staking portal - here's how to do it.
There is no deadline to upgrade, however we do recommend to do it sooner rather than later as exchanges no longer support the legacy ADX token and we may discontinue the migration UI at some point in the future.
Important: Please make sure to never directly send tokens to the token address. Sending “old” tokens to the new token address will not upgrade them but it will block your tokens. Therefore they will be technically inaccessible and you won’t be able to recover them.
Also important: If you hold a smaller amount of ADX tokens (e.g. under 800 ADX), please consider gas fees you need to pay in ETH before you swap. With gas fees being higher as demand increases, it is possible that you end up spending more money upgrading and staking (if you wish to do so) than the value of the ADX tokens and the potential rewards. E.g. we recommend to swap and stake at least 800 ADX tokens to justify the gas fees. This is a decision you would need to take though!