TRC20 BEXT Token Conversions

The BEXT Tokens were initially created in TRC20, BEP20, and ERC20 formats before the Byte Exchange launch. As per the community's decision, only the BEP20 format was chosen for usage on Byte Exchange, starting from December 31, 2021, until May 15, 2023. During this period, the conversion of TRC20 and ERC20 tokens to the BEP20 format was successfully completed.

For users who have not yet withdrawn their tokens from the ICO panel and those who have already withdrawn tokens to their decentralized wallets between April 12 and August 15, the automatic conversion process covered their withdrawals and conversions until these dates.

Users with tokens still present in the ICO panel or TRC20 format in their own wallets can wait for the conversion, as these tokens will be convertible once the BEXT Coin is introduced on Bytechain, the Bytedex blockchain system.

What Should Users Who Haven't Converted Yet Do?

1- Users with TRC20 format BEXT Tokens in their decentralized wallets can transfer these tokens to their Byte Exchange Bytedex Old (BEXTO) wallets and wait for the process.

2- Users with tokens still present in the ICO panel do not need to take any action at the moment and should wait until the withdrawal process is available.

Why Were Transfers and Conversions Paused?

Bytechain, our decentralized blockchain system, is being launched soon, and as the final step, we are introducing the BEXT Coin. BEXT Coin will become the main unit of the Bytedex ecosystem, replacing all existing tokens. Due to the significance of this process, Bytedex has implemented a buy-back system for the past 1.5 years to maintain BEXT Token stability, alongside stake campaigns.

Announcements and explanations regarding the conversion of existing tokens have been communicated to users through our social media accounts, community channels, and emails. For the creation of the new BEXT Coin token economy and necessary calculations, precise figures are required. Therefore, to ensure the continuity of this essential process, transfers and conversions from the ICO panel have been temporarily paused until the launch of Bytechain and BEXT Coin, planned for the 4th quarter of 2023. Following the launch, transfers and conversions will resume, and the tokens will be directly given as BEXT Coin according to the BEXT Coin tokenomics.

Frequently Asked Questions:

1- Can I currently trade my TRC20 format tokens?

- TRC20 format tokens cannot be traded until the conversions are completed.

2- I transferred my TRC20 format tokens to the Exchange account. Can the conversion be done immediately?

- Conversions will be carried out upon the introduction of Bytechain and BEXT Coin.

3- Will I lose my rights during the conversion process?

- No, your tokens will be converted to BEXT Coin on a 1-to-1 basis, and you will not experience any token loss. However, the tokens will be allocated according to the BEXT Coin tokenomics.

4- Can I sell my newly converted BEXT Coins immediately after the conversion?

- After conversion, you can immediately trade the new BEXT Coins according to the BEXT Coin tokenomics, stake them on ByteChain, or use them in other Bytedex products and services.