Mainnet Token Swap: Convert ERD into eGLD via the Elrond Swap Bridge

Lucian Todea
·
Sep 04, 2020
·
2 min read
https://bridge.elrond.com

We’re happy to announce the launch of the official Elrond swap bridge! Our dedicated website enables ERC20/BEP2 ERD holders to swap their tokens for eGLD.

Go to https://bridge.elrond.com and follow the instructions. We have prepared a detailed guide below.

Important:

  • Swap ratio: 1000 ERD = 1 eGLD
  • Swap duration: ~1 hour or more

Detailed guide

  • Go to https://bridge.elrond.com
  • Select the type of token you want to swap: ERD ERC20 (Ethereum) or ERD BEP2 (Binance Chain)
  • Add the address of the wallet where you will receive your eGLD tokens. If you don’t have one yet, go to https://wallet.elrond.com and create one
  • Fill in the captcha and click “Next”.

Your request will be processed and notarized. A unique Ethereum or Binance wallet, depending on the token type you have selected earlier, will be created.

  • Send your tokens there and wait for the transaction to complete.
  • After the transaction is complete, click “Next”. If you click Next before the transaction is complete, you will receive an error.

⚠ Important: Please note that this is an address for one-time use, generated for this swap only. After this swap, you cannot use it again for future swaps.

On the following screen you will see a link to the Elrond blockchain explorer where you can see the status of your wallet. You will see your eGLD delivered there, it takes about 1 hour.

The swap process is carried out in batches. Multiple swap requests are bundled periodically and processed. This means your swap can take anything from a few minutes to a few hours. Please patiently wait for the swap to be completed.

Once it is processed, you will see the following success message, with a link to the transaction where you received your eGLD. Congratulations!

At any point in the process feel free to ask questions using the embedded web-chat. We are online and happy to help you.

The token swap is an important milestone for our ecosystem. It is a prerequisite for the start of the Elrond economy, the integration of more exchanges, staking, delegation, DeFi & others.

Thank you for your continued support for the Elrond mainnet bootstrapping process.


For more information, please visit us:


Written by
Lucian Todea
Co-Founder and COO, Elrond Network.