XDEFI Wallet is now Ctrl. To onboard the next 100 million users to self custody we decided XDEFI Wallet needed to evolve. This evolution extends to the branding of the $XDEFI token.
The $XDEFI token will migrate to the new $CTRL token.
Wen migration?
The $XDEFI will migrate to $CTRL starting in September 2024.
You will have plenty of time to migrate from $XDEFI to $CTRL, so please keep an eye on this blog and our Twitter for the latest.
Will the migration be 1:1?
The migration will be 1:1. So, if you have 1000 $XDEFI tokens they will equal 1000 $CTRL tokens after the migration. The total supply of the tokens will stay the same at 240M.
How do I migrate my $XDEFI to $CTRL?
We have built a simple migration tool on our site that will be live in September and is straightforward and easy to use. At that time, follow the steps shown in this video to migrate your tokens.
Step 1: Connect your wallet which contains $XDEFI on Ethereum.
Step 2: Select $XDEFI to be migrated.
Step 3: Select Migrate to $CTRL.
Step 4: Confirm the migration between $XDEFI and $CTRL.
Note: There is no transaction fee, that is on us!
That’s it! After you confirm, your $XDEFI will have been migrated to $CTRL and you are good to go.
What if I own $XDEFI on Abritrum?
In the case that you own $XDEFI on Arbitrum you will have one additional step in order to migrate your $XDEFI to $CTRL.
Step 1: Bridge your $XDEFI on Arbitrum to $XDEFI on Ethereum using a dApp or within the Ctrl wallet.
Step 2: Return to the Ctrl Migration site and connect your wallet which contains $XDEFI on Ethereum.
Step 3: Select Migrate to $CTRL.
Step 4: Confirm the migration between $XDEFI and $CTRL.
Note: There is no transaction fee, that is on us!
What if I own $vXDEFI?
In the case that you have staked your $XDEFI and hold $vXDEFI, you will simply have to sign an additional transaction from your wallet to first un-stake your $vXDEFI.
Step 1: Connect your wallet which contains $vXDEFI on Ethereum.
Step 2: Select $vXDEFI to be migrated.
Step 3: Select Migrate to $CTRL.
Step 4: Confirm the migration between $vXDEFI and $CTRL.
Step 5: Confirm the transaction in your wallet to finalize the migration between $vXDEFI and $CTRL.
Note: There is no transaction fee, that is on us!
What if I hold $XDEFI on an Exchange?
More details to come on this front. Stay tuned.
Note: You can always send your $XDEFI held on an exchange to a self custody wallet including the XDEFI Wallet and then migrate your tokens with ease following the steps above.
If you have any questions at all about the migration please reach out in our Discord or on Twitter.
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At the time of writing (July 23, 2024), the $CTRL token currently does not exist. Please stay safe. Any $CTRL token you see is NOT affiliated with us. Please follow our official accounts for announcements and updates.