RATE Group | Insolar Launches Mainnet, Swaps Ethereum-Based Token for Native Coin
78097
wp-singular,post-template-default,single,single-post,postid-78097,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Insolar Launches Mainnet, Swaps Ethereum-Based Token for Native Coin

03 Feb Insolar Launches Mainnet, Swaps Ethereum-Based Token for Native Coin

Posted at 15:54h in Ethereum News by

[ad_1]

Enterprise blockchain platform Insolar is launching its own mainnet, debuting its native Insolar Coin (XNS) to replace its formerly used Ethereum-based token INS.

After successfully piloting the testnet in 2019, Insolar will be rolling out the commercial launch of Insolar MainNet on Feb. 3, the firm said in a press release shared with Cointelegraph.

INS/XNS token swap is immediately available

According to the firm, holders of the Ethereum-based ERC-20 token INS will be able to swap their tokens for XNS on the first day of the mainnet launch. Insolar users will be able to store their XNS tokens on Insolar’s new native cryptocurrency wallet, Insolar Wallet, the firm noted.

As part of the token swap, some crypto exchanges announced that they will be temporarily closing INS deposit and withdrawal services in order to support the token swap. 

As detailed in the Insolar Economic Paper issued in June 2019, the XNS token serves as a medium of exchange and a store of value and can be used…

[ad_2]

Source link