Step-by-Step Guide to Migrate to $MAG and FAQ about migration

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

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.