Swapping your BTTOLD tokens for the new BTT depends entirely on where you currently hold them. The process is straightforward if your tokens are on a supporting exchange, but may require a few more steps if they are in a private wallet. This guide covers all the necessary steps for a successful migration.
Understanding the BTT Redenomination Plan
The BitTorrent team initiated a token migration plan to upgrade the existing BTTOLD token to a new contract. This process, often referred to as a token swap or redenomination, is essential for users to continue accessing the full functionality and benefits within the BitTorrent ecosystem. Ensuring you hold the correct token version is crucial for trading and participation.
Step-by-Step Swap Instructions
Your path to swapping tokens is determined by your current storage method. Follow the instructions relevant to your situation.
If Your BTTOLD is on a Supporting Exchange
Many major exchanges have chosen to support the automatic swap for their users.
- Automatic Swap: If your exchange, such as Gate.io, supports the BTT redenomination plan, you will not need to take any action. The exchange will automatically convert your BTTOLD holdings to the new BTT tokens behind the scenes.
- No Action Required: Your balance will simply reflect the new token once the process is complete. It is always a good practice to check the official announcements from your exchange for specific timelines.
If Your BTTOLD is on a Non-Supporting Exchange or Wallet
If your current exchange is not supporting the automatic swap or if you hold your tokens in a self-custody wallet, you will need to manually initiate the process.
- Transfer to TronLink: You must first send your BTTOLD tokens to a TronLink wallet. This is a necessary step as the official swap interface requires a TronLink connection.
- Execute the Swap: Once your tokens are securely in your TronLink wallet, you can visit the official BitTorrent Chain website to perform the token swap.
For example, if your tokens are currently on the Binance Smart Chain (BSC), the process would look like this:
- Step I: Deposit your BTTOLD (BEP-20 tokens) to your account on Binance.com.
- Step II: Withdraw your tokens from Binance.com, but select the TRC-20 network. This will send your BTTOLD tokens to your TronLink wallet address.
- Step III: Proceed with the swap on the official BitTorrent Chain portal using your connected TronLink wallet.
👉 Execute the official token swap here
How to Perform the Swap Using TronLink
This section provides a detailed walkthrough for the actual swap process once your tokens are in TronLink.
- Access the Portal: Navigate to the official BitTorrent Chain website.
- Connect Your Wallet: Click on the "Swap BTT" button and then select "Connect to Wallet." Ensure you have the TronLink extension installed for Google Chrome.
- Enter Swap Amount: Specify the exact amount of BTTOLD you wish to convert to the new BTT.
- Confirm the Transaction: Review the details and sign the transaction approval prompt that appears in your TronLink wallet. Please note that standard network gas fees will apply.
Frequently Asked Questions
What is the difference between BTTOLD and BTT?
BTTOLD is the original token contract. BTT is the new token issued as part of a network upgrade and redenomination plan. Holding the new BTT is required for full participation in the BitTorrent ecosystem.
Do I have to pay a fee to swap my tokens?
Yes, standard network transaction fees (gas) are required to process the swap transaction on the blockchain. The official swap interface itself does not charge an additional fee.
My exchange isn't supporting the swap. What is my deadline?
You should move your tokens to a TronLink wallet and complete the swap as soon as possible. While there is often a grace period, it is risky to wait indefinitely as support may be discontinued. Always check for official communications.
Is TronLink the only wallet I can use for the swap?
For the manual swap process described, yes. The official BitTorrent Chain swap portal is designed to interface directly with the TronLink wallet to facilitate a secure token migration.
Can I swap my tokens directly from a hardware wallet?
If your hardware wallet is integrated with TronLink (e.g., Ledger via the TronLink interface), then you can likely use it for the swap. The key is that you must be able to connect and sign transactions through TronLink.
What happens if I send BTTOLD to the new BTT contract address?
This will likely result in a permanent loss of your tokens. Always use only the official migration tools and portals provided by BitTorrent. Never send tokens directly to a contract address unless instructed by a verified guide.
About the BitTorrent Ecosystem
BitTorrent, Inc., founded in 2004, is a pioneer in peer-to-peer technology. Its protocol remains one of the largest decentralized P2P networks globally, responsible for a significant portion of internet traffic. Its popular software clients, BitTorrent and µTorrent, have been installed on over a billion devices, offering users a robust way to share large files. The integration of blockchain technology through the BTT token has further expanded its utility, creating a vibrant economy for content creators and users alike.