Migration updates

Migration updates

Happy ERC20 Golem Holidays everyone!

As you know, on November 19th 2020 we launched the migration GNT -> GLM, and we’re very excited to see the response from our community in the past month. Since the previous update, there has been a few news, and as we are writing, 28.82% of the total supply has been migrated!

Exchanges migrated and Uniswap Liquidity

Since the new GLM can be traded on DEXes, a significant percentage of the trading now happens in Uniswap.

The most exciting part is that the liquidity has been community-sourced (Golem Factory only set up the first Uniswap GLM / ETH pair with a small seed amount).

DeFi (Decentralized Finance) refers to DEXes and protocols that do not rely on central financial intermediaries, but the communities decide about the listings, grow the liquidity and more. If you are curious about DeFi, and you want to learn how then we suggest you start here, a well-rounded learning resource. Trading on DEXes, gives you the opportunity to swap and acquire tokens in a permissionless manner - that means you are the sole responsible for your own safety.  

However, exchanges remain integral to us, and almost all main exchanges have migrated and set up their respective pairs:

The list of pairs itself is far too long to be listed here, so if you want to have a closer look, we suggest you look at the migration portal.

Wallet support

If you have your GNT in a wallet, here is the documentation to walk you through the migration process.

The GNT -> GLM official migration app supports Metamask and subsequently Ledger and Trezor. Use this resource to add the token to the wallet alongside the icon.

As mentioned before, both MyCrypto and MyEtherWallet have widgets in their webUI and you can just migrate safely and directly on their respective websites.

IMPORTANT - read this to prevent scams:

Only trust official links and official Github (.golem.network and https://github.com/golemfactory)

Golem representatives will not contact users on private message form, nor request actions directly. Do not trust personal/direct messages.

Stick to our official social media announcements and channels - website, Discord, Reddit, Discourse, Twitter, Blog, Facebook .

If you stumble across any suspicious issues, please contact us at contact@golem.network, discord: chat.golem.network or Telegram https://t.me/GolemProject

We are happy to answer all questions - reach out to us in the official channels or to contact@golem.network