LTO Network is updating the ERC-20 smart contract on Ethereum

The process we had planned was going to involve creating a new Smart Contract and freezing the old one on October 8, 2021. After discussions with the community and our partner exchanges, we've decided to choose a different solution in which freezing the contract is not necessary.

Instead, a soft swap will be taking place. People that hold the ERC20 version of LTO can swap manually from Monday the 25h of October at 10:00 UTC (12:00CET). The main advantage of this soft swap structure is that people who have LTO tokens tied up in other smart contracts (like the liquidity providers on Uniswap) will not miss out. They can swap their LTO when they unstake them from Uniswap.

A new LTO ERC20 contract will be deployed. It will live next to the current LTO ERC20 smart contract. The new contract is similar to the existing one, but will remove permissions for the bridge that aren't strictly required.

What to expect?

• The new LTO ERC20 smart contract (v2) has been deployed and can be found here: https://etherscan.io/address/0xd01409314acb3b245cea9500ece3f6fd4d70ea30
• The old LTO ERC20 smart contract (v1) will remain active:
  https://etherscan.io/address/0x3db6ba6ab6f95efed1a6e794cad492faaabf294d
• After the new smart contract has launched, the bridge will only issue the new ERC20 token when swapping from mainnet or BEP2 LTO tokens. The bridge will always accept both old and new tokens when swapping from ERC20. Please note the swap will only be available from Monday October 25th at 10:00 UTC onward.