FLM distributions begin for liquidity providers

NEP-17 SWTH tokens are now listed on Flamingo
SWTH token holders must migrate via the Demex non-custodial exchange
The SWTH token smart contract was minted on Neo N3 on Feb. 24

Switcheo has empowered the relocation of its SWTH token from Neo Legacy to N3 utilizing Carbon through Demex. NEP-17 SWTH tokens are presently recorded on Flamingo Finance and FLM reward conveyances have started for supporters of the FLP-FLM-SWTH pool.

Supporters of the FLP-FLM-SWTH liquidity pool currently share a portion of 1.5% of FLM that mints day to day, circulated by their weight of commitment.

The SWTH token was a NEP-5 resource on Neo Legacy that was recorded on Neo’s DeFi stage in Nov. 2020. Before the SWTH relocation to N3, Flamingo Legacy clients could procure FLM compensations in the FLP-nNEO-SWTH pool until Feb. 25, 2022, when reward dispersions stopped.

SWTH token holders should relocate by means of the Demex non-custodial trade. The full declaration connected underneath subtleties the cycle.

The SWTH token savvy contract was printed on Neo N3 on Feb. 24, and FLM award circulation for the FLP-FLM-SWTH pool went live on Friday, March 11.

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Instructions to Migrate SWTH to Neo N3 on Demex

Clients might store SWTH on Demex from their O3 Wallet, Ledger or Token Transfer (just accessible with Encrypted Key login).

1. Associate with your wallet on Demex. For a one-time frame token relocation utilizing Demex, interface through an impermanent Encrypted Key for a speedy and consistent login process.

Clients with SWTH in their Ledger gadgets should sign into Demex utilizing the Ledger technique. In any case, clients are prescribed to download and associate with Demex utilizing Keplr (free) for simplicity of reconnection and improved security.

2. Store your old Neo Legacy SWTH tokens onto Carbon. Under the Neo Legacy (NEP-5) organization, look over O3 Wallet, Ledger or Token Transfer as your store strategy for SWTH.

For stores by means of the Token Transfer technique, there will be 2 variants of SWTH tokens that can be kept: SWTH (Inflationary) and SWTH (Legacy). SWTH (Legacy) alludes to tokens preceding the 2020 SWTH token redesign, while SWTH (Inflationary) alludes to tokens after the overhaul.

3. Select the variant you might want to store and information how much tokens to store. Affirm by endorsing the exchange.

Now you have effectively stored SWTH onto Carbon!

4. Pull out SWTH as the updated Neo N3 adaptation.

5. Select the getting network Neo N3 (NEP-17) and pick how you need to pull out SWTH: Token Transfer or Ledger.

Input how much SWTH you might want to pull out/redesign and affirm by endorsing the exchange.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing