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Lisk: Users must claim staked LSK before May 21, and have two years to claim new tokens after the migration is completed

2024-05-18 06:45
Odaily News Blockchain application platform Lisk issued the following reminders to LSK token holders on the X platform: - If users are currently staking LSK tokens, they need to claim the staked tokens before the May 21 snapshot; - After the migration (contract swap) is completed, users have two years to claim the new ERC20 LSK tokens; - In order to be eligible for the LSK HodlerDrop (need to hold 50 or more LSK) and/or KLY airdrop, users must self-custody LSK in an LSK wallet (not on an exchange); - Wallet requirements for claiming: Users can hold LSK L1 tokens in a Lisk desktop or mobile wallet at the time of the snapshot. To claim new tokens, you need to use the Lisk desktop wallet; - If users claim new ERC20 LSK tokens through the Lisk desktop wallet, they will need to bridge some ETH to Lisk L2 to pay for gas fees for future transactions, which can currently be done through the official standard bridge. If the cost of bridging from the ETH mainnet is too high, the official will provide a cheaper bridging option in a few weeks; - In order to claim ERC20 tokens to the Ethereum wallet, users need to add Lisk as a custom network. In early May, Lisk announced that it will distribute a total of 15 million LSK in a series of airdrops in the next few months. As Lisk transitions to L2 form, Lisk is about to launch its first airdrop event, Lisk HodlerDrop. HodlerDrop aims to reward the OG community with a total of 3 million LSK based on participation and holdings at the time of migration.