dHealth introduces the Token Swap Bridge, a sophisticated mechanism designed to facilitate the transfer of tokens from the legacy blockchain to the new CØSMOS ecosystem. This bridge requires active participation from token holders, who must supply information that links their old and new dHealth addresses. This process ensures accuracy and security in the transfer of assets.
All community members must understand the steps involved in the token swap process. This transition is designed to maintain the integrity of your investments while moving to a more scalable and efficient blockchain. Here's a step-by-step guide to help you through this change:
To participate in the token swap, token holders are advised to follow these steps:
- Visit the official dHealth.com token swap instructions page. Ensure you're following the official guidelines to avoid any potential issues during the swap process.
- Review your legacy dHealth wallet balances. Before initiating the swap, knowing exactly how many tokens you're working with is essential.
- Install a dHealth-Cosmos wallet and create the necessary accounts. Choose a compatible wallet that supports Cosmos (Keplr/Leap) to receive your new DHP tokens. Keplr Wallet Guide is available here. Leap Wallet guide is available here.
- Initiate a transaction to the token swap inbound address with your legacy tokens and the CØSMOS receiving address. This step is crucial for transferring your holdings to the new blockchain.
Adding dHealth Mainnet to Your CØSMOS Wallet (Keplr/Leap)
Setting Up Your Wallet for dHealth Mainnet
Before you embark on the token swap process, it's essential to configure your CØSMOS wallet (Keplr or Leap) to recognize the dHealth Mainnet. This setup is a crucial initial step to ensure that you can receive and manage your DHP tokens on the new platform. Click here for a quick guide.
Now that you've set up your CØSMOS wallet and added the dHealth Mainnet to Keplr or Leap, you can proceed with the bridge transaction.
CØSMOS Bridge Transaction Details:
1. Bridge Instructions (SYMBOL-CØSMOS): Send your DHP tokens to the dHealth address:
NAGUG2T3V2LKJUPZVUAROYKQEGOOTQIBLFPULZY
It is crucial to include your CØSMOS address in the message field of the transaction. This address can be provided encrypted or unencrypted, depending on your preference for privacy.
Upon successful validation by the token swap bridge, users will see their new dHealth-Cosmos tokens in their wallets, marking the completion of their journey into the new dHealth ecosystem.
2. MEXC DHP Holders Instructions: There will be no immediate staking capability for holders with DHP tokens on MEXC. The bridge is only operable from the dHealth Wallet (IOS/Android/Desktop).
Timeline and User Journey
The Token Swap Bridge will initially be operational for a period of 4 weeks following the completion of the migration, providing a grace period for holders to make their exchanges. Recognizing the diverse needs of our community members and to ensure that everyone has ample opportunity to transition smoothly.
Moreover, case-by-case support will be available for those who may encounter issues or require assistance beyond the initial 4-week window. This means that DHP holders can rest assured that dHealth is committed to supporting each community member personally, for whatever time period needed, to ensure a successful transition to the new CØSMOS-based ecosystem.
The Challenge of Cryptographic Differences
The landscape of blockchain technology is constantly evolving, with innovations and migrations that promise to enhance security, efficiency, and scalability for projects and their communities. dHealth, a pioneering entity in the healthcare blockchain sector, is at the forefront of such an evolution. dHealth is transitioning from Symbol Catapult technology to the widely used CØSMOS blockchain tech stack. This migration aims to maintain the existing tokenomics while seamlessly transferring current token holdings, ensuring the community's assets remain intact and grow in this new environment.
This migration to the Cosmos blockchain represents a significant milestone for dHealth, signalling a stronger, more scalable future for its ecosystem. By embracing change and facing challenges head-on, dHealth continues to pioneer in integrating blockchain technology into healthcare use cases revolving around data security, incentivisation and DeFi, promising enhanced security, efficiency, and community empowerment.
