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DOCK to Finalize Token Migration on March 15th

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cheqd has outlined the next steps for migrating DOCK tokens to CHEQ, following Proposal #52. The process involves minting 52.8 million $CHEQ to facilitate the token merge and burning any unclaimed tokens after the migration period ends on March 15, 2025.

Key developments include:

— Network Upgrade under Proposal #57 to enable EIP1559-style burning, fee abstraction, generic burn transactions, and governance-approved $CHEQ minting.

— Approximately 30 million CHEQ has already been distributed to DOCK holders, including users on KuCoin and Gate.io, whose DOCK tokens will soon be burned.

— The remaining minted CHEQ will be held in the cheqd Foundation/treasury account: cheqd1txzxytwlq3h8kwdezd2nw5frdh3eqmp0j2ng34

Once the migration window closes on March 15, 2025, any unclaimed CHEQ will be burned, ensuring the process adheres to the original proposal and supports transparency.

Event date: March 15, 2025 UTC

What is a coin swap (token swap)?

A coin swap is a process of cryptocurrency migration from one blockchain to another. It may be due to a hard fork (coin swap) or a mainnet launch (token swap). Holders need to follow swap guides in order not to lose their cryptocurrency.

cheqd.io 🆔
@cheqd_io
New Proposal Discussion - Token Mint

We're advancing the $DOCK to $CHEQ migration under proposal #52. A recent network upgrade (proposal #57) enables the minting of 52.8m $CHEQ to backfill tokens distributed to $DOCK holders.

https://forum.cheqd.io/discussion/25910-dock-migration-proposal-to-mint-cheq
cheqd.io 🆔
@cheqd_io
Around 30m $CHEQ has been distributed, with $DOCK tokens being burnt imminently. The remaining $CHEQ will be distributed or burnt after the migration window closes on 15th march 2025.

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Added by Leisan
Dec 16 19:17 (UTC)
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