XELS Contract Swap

The much anticipated XELS ETH contract upgrade will be happening March 18th 5pm JST (UTC+9).
Our team has been at work testing and fine-tuning things over the past few days.
We are now ready to roll out the update!
This article outlines the steps involved in the upgrade and what you need to do.

What do you have to do for the upgrade?

If you are on the ETH network, you don’t have to do anything before or after the contract upgrade.

Simply hold your XELS tokens in your wallet!
What are the steps involved in the upgrade?

In basic terms, the upgrade will involve the following steps:

1. Trading will be disabled on the ETH XELS contract. This should happen 1 hour before the swap at 4pm JST(UTC+9); don’t take any unnecessary risks and keep your XELS tokens in your wallet or on the exchange. These will be re-enabled after the swap is complete.

IMPORTANT

During the the process of updating the XELS smart contract, and in order to do this as safely as possible we have requested to halt deposits and withdrawals on MEXC, Bittrex Global and BitGlobal 24 hours before the swap.

All your XELS tokens are safe.

2. The XELS Trading will be disabled across all exchanges.

3. A snapshot of all XELS ETH holders will be taken. A snapshot will be taken immediately after trading has been disabled to ensure that these holders are able to get XELS tokens 1:1 immediately after the upgraded contract is rolled out.

4. Liquidity will be supplied: This will be done after the snapshot is taken through a combination of extracting liquidity from the pool and team members contributing tokens to extract max liquidity.

Nobody will get new tokens as there will be no token sale/OTC deal. The token supply/distribution on the upgraded contract will EXACTLY mirror distribution/supply on the current contract at the time of disabling trading.

5. All holders will be airdropped tokens: The airdrop will take place immediately after liquidity has been added to the pool. All holders will receive a 1:1 airdrop according to the number of tokens they held at the time of the snapshot.

In Conclusion

The upgraded XELS contract that goes live March 18th 5pm JST(UTC+9) will let XELS run faster, bigger, and better!

We have AMBITIOUS plans already, but trust us… the pace at which we’ll move after the upgraded XELS contract will take the project to new heights!

New smart contract address
0x397Deb686C72384FAd502A81f4d7fDb89e1f1280

Decimals : 8
Ticker : XELS

Old smart contract address (no longer valid)
0xe748269494e76c1cec3f627bb1e561e607da9161