Migrating from BSC token to Layer 1 blockchain
Areon Network has been a project in development for years. We have carefully reviewed several crypto projects in the world and identified problems that we can fix.
Our aim is to create a blockchain environment where anyone can access with convenience and low gas fees. That’s why we started working on our own chain with a unique consensus model.
However, we opted for a decentralized model unlike other projects, relying solely on the company reserves and community support.
That’s why we wanted to initially introduce our project to the world so that we can build and harness a solid community backbone.
On 12 January 2023, we launched AREA as a token on Binance Smart Chain. We also introduced our project, our road map and our products for everyone’s appraisal.
Our community of investors held on to AREA tokens, until the time we launched our mainnet.
We announced that once we launch Areon Chain, AREA tokens on BSC will be swapped with AREA coins on our chain with a 1:1 basis. If someone held 500 AREA tokens before the mainnet, they would receive 500 AREA coins after the mainnet.
The transition will be smooth and instant. But we would like to clarify the process here:
- If you have AREA in an active stake at the time of transition, you don’t have to do anything. The transition of token-to-coin is automated.
- If you have AREA in your decentralized Web3 wallet, you don’t have to do anything. The transition of token-to-coin is automated.
- If you have AREA tokens in an exchange, you will receive instructions from the exchange, as per our agreement with them. The transition will be simple and take less than 30 seconds. But you will need to perform an action. The exchange will explain this action to you and our support team will be ready to help.