Step-by-Step Guide to Migrate to $MAG and FAQ about migration
Step 1: Check Your Wallet
- Ensure NFTY Tokens Are in Your Web3 Wallet. Confirm that your NFTY tokens are in a wallet like MetaMask, Trust Wallet, Coinbase Wallet, or Ledger.
- Note: Do not leave tokens in staking contracts, liquidity pools, or centralized exchanges unless explicitly instructed otherwise.
Step 2: Visit the Migration Portal
- Go to the Official $MAG Migration Portal. Navigate to the migration portal at Magnify Cash. Ensure you're using the official site to avoid scams.
Step 3: Connect Your Wallet
- Connect Your Web3 Wallet
- Select "Connect Wallet" on the portal.
- Follow the prompts to link your wallet.
- Approve the connection request in your wallet.
Step 4: Verify Your Balance
- View Snapshot Balance. Once connected, the portal will display your eligible NFTY balance (as per the 07/18/2024 snapshot).
Step 5: Initiate Migration
- Start the Swap Process
- Click “Migrate” to swap NFTY for MAG tokens at the 8:1 ratio.
- Approve the transaction in your wallet.
Step 6: Claim Your MAG Tokens
- Claim on Ethereum Network. After the migration, claim your MAG tokens directly on the Ethereum network.
- Switch your wallet network to Ethereum if prompted.
- MAG tokens will appear in your wallet once the claim is successful.
Step 7: Confirm and Hold
- Verify Receipt of MAG Tokens. Double-check that MAG tokens are reflected in your wallet.
- Add the MAG token contract to your wallet for visibility.
FAQ Infographic Content Outline
Section 1: About the Migration
- What Is the $MAG Migration? Transition of NFTY tokens from Ethereum, Polygon, and BNB to MAG on ETH.
- Why Migrate?
- Enhance scalability and unlock new opportunities.
Section 2: Key Dates
- Snapshot Date: July 18, 2024
- Migration Start: July 24, 2024
- MAG Trading Begins: July 25, 2024
Section 3: Eligibility and Preparations
- Who Can Migrate? Any NFTY token holder as of the snapshot date.
- Where Should My Tokens Be? In a Web3 wallet (not in staking contracts, liquidity pools, or safes).
- What Happens if I Miss the Deadline? Late migration support will be provided through the portal, but act promptly.
Section 4: Token Details
- Exchange Ratio: 8 NFTY = 1 MAG
- Target Network: ETH
- Contract Address: 0x71DA932ccdA723BA3ab730C976bC66DaAF9C598c
Section 5: Troubleshooting
- Issue: Migration Button Not Working
- Ensure your wallet is connected and on the correct network.
- Issue: Tokens Not Showing in Wallet
- Add the MAG contract address manually.
- Need Help? Reach out to our support team on Discord or Telegram.
Section 6: Future Benefits
- Why Hold MAG?
- Participate in identity-backed lending and micro-lending.
- Access custom-branded lending desks.
- Enjoy governance and rewards in a growing DeFi ecosystem.