Swap Guide

Coin swap

A blockchain migration goes hand-in-hand with a migration of the coin that is operable in the network. Coins from the old BitCanna network must be swapped for coins on the new BitCanna network. The name of the coin will remain the same: $BCNA, and you’ll also receive the exact same amount. 

 

The only thing that changes is the underlying network; which will be faster, more robust, and opens up many other opportunities for the BitCanna network. This means that all current BitCanna wallets will be discontinued, and below you’ll also be instructed to create a wallet compatible with the new network!

 

The instructions to swap your current BCNA coins to the new cosmos-based BCNA coins can be found below. Make sure to read all the information.

The BitCanna web wallet

The coin swap is exclusively available in the BitCanna web wallet, therefore you’ll need to set up a new wallet in our new network. The new BitCanna web wallet is an all-in-one platform to interact with the BitCanna blockchain. In this wallet you will be able to manage your funds, perform transactions, stake your coins, and vote on network proposals.

Keplr browser extension

The BitCanna web wallet can only be accessed using Keplr. Keplr is a web browser extension that works with Google Chrome, Brave Browser, and Microsoft Edge. It serves as a second layer of security to connect to the BitCanna chain and is used to perform transactions. Keplr is a renowned name within the industry and is widely adopted by many chains within the Cosmos ecosystem.

 

  • Step 1.1 – Keplr

Download the Keplr browser extension in the Google web store. If you already have a Keplr account set up, you can skip to step 2 to connect your account to the BitCanna blockchain.

 

  • Step 1.2 – Keplr – Create account

Launch the application and choose: “Create a new account”. Make sure to save the seed phrase of your Keplr account in a safe place.

We highly recommend storing your seed phrase with care. We don’t recommend storing it on your computer. The seed phrase is the only way to gain access to your account if you lose access to your computer or want to access your wallet on a new device. You can’t recover your wallet in case you lose the seed phrase. Note that you are responsible for your funds, not BitCanna.

In the field “account name”, you can write whatever you’d like. It’s a descriptive (personal) name of your account.

 

  • Step 1.3 – Keplr – Secure

Now, click “next”. Here you will be asked to enter your seed phrase to check if you stored it correctly. When this is completed, click “register”. Your account is now registered and ready to use.

  • Step 2.1 – Web wallet – Connect with Keplr

Head over to the BitCanna web wallet, and click Keplr Browser Extension as the login method. Keplr will ask you to add the BitCanna blockchain to your Keplr wallet—click “approve”. The Keplr wallet will now automatically log in to your account on the BitCanna web wallet. 

  • Step 2.2 – Web wallet – Navigation

Once connected to the BitCanna web wallet you will find the navigation menu on the left-hand side. At the top of the menu, you will find your new Cosmos-based BitCanna address. This is your new and unique address that’s connected to your Keplr wallet.

To start swapping your old BCNA coins, first navigate to the tab “Swap”.

  • Step 3.1 – Coin swap – Confirm address

In step 1 we ask you to confirm that the address shown in the address field is the address you’d like to receive your new coins on. We automatically prefill the address from your newly generated KEPLR wallet in this section. 

By confirming your address and clicking the “Confirm” button, you expressly warrant to us that you have read our token swap terms & conditions, that you understand its contents and that you agree with the applicability thereof on the token swap.

Once you confirm the address, you can continue to step 2 of the swapping module.

  • Step 3.2 – Coin swap – Sending coins

Please note: If you run a full node wallet and want to send your coins from there, this is only possible when updated to the latest wallet version 1.0.3. You can always reach out in Telegram or Discord if you have questions.

In step 2 you will find a unique deposit address that has been generated on the old BitCanna chain, exclusively for you. This is the address to which you will send your current (old) BCNA coins, in order to swap them.

This unique deposit address on the old BitCanna network is linked to your new Cosmos-based BCNA address. All coins sent to this unique deposit address will be converted 1:1 to Cosmos-based BCNA coins and sent to your new Cosmos-based BitCanna address, which you confirmed in step 1.

DISCLAIMER:

  • Beware of impersonators acting as BitCanna teammembers: we will never ask you for your coins, seed phrases, private keys, wallet.dat files or passwords. We will not do any “special” promotions, or send you any free coins whatsoever. 
  • For the swap, only send coins to your personal unique deposit address generated in the swap section of the new BitCanna web wallet (wallet.bitcanna.io
  • Do not navigate to our web wallet through google or links provided by sources other than the official BitCanna channels. Bookmark the web wallet to save the URL in your browser!

→ Send your (old) BCNA coins to the unique deposit address by copy/pasting the deposit address to your lite wallet or full node wallet, or by scanning the QR-code (mobile wallet users only). You can send multiple transactions; so you can first send a small amount if you feel unsafe! If you keep your coins at an exchange, you can send them from there by pasting your deposit address. 

You will receive your new BCNA coins within 10 minutes in the web wallet (refresh the web wallet to show new transactions). For any questions or trouble during the swapping process, please contact the official BitCanna support on [email protected]. Please only reach out after 10 minutes of waiting!

  • Step 3.3 – Coin Swap – Tracking your transaction

You will receive your new BCNA coins within 10 minutes in the web wallet (refresh the web wallet to show new transactions).

– To track the transaction of your old BCNA coins, simply get the transaction hash that you got in your old wallet, and paste it in cosmos-explorer.bitcanna.io

– To track the transaction of your new BCNA coins, you can click the “View address” button to go to the new BitCanna explorer. It can take a couple of minutes before the transaction shows up. (Normally this is instant, but due to the swapping process this is delayed).

For any questions or trouble during the swapping process, please contact our verified admins in our official Discord and Telegram groups.

Alternatively, you can reach out for support at [email protected]. Make sure to mention your wallet addresses and/or transaction hashes so we can help you better!

Once you’ve received your coins on the web wallet you’re done!

Swapping Period

The coin swap will remain open for at least 3 months (until January 14th 13:00 UTC). After January 14th, you’ll still be able to claim your coins, but only by filing a support ticket.

 

Navigate the other guides

Stay in the loop

Fill in your e-mail to stay up to date