(MUST-READ)Darwinia Mainnet Progressive Launch Announcement

Note 1: The Genesis Generation does not support transferring of the Gringotts deposit receipt on Ethereum/TRON.Note 2: Genesis swapping of the Darwinia Crab network does not include CKTON, which can only be used on the Crab network.Note 3: Through the Genesis Generation process, you can participate in mainnet staking at the very beginning and get staking revenue. However, because the bridge is not available until stage two, you will not be able to move your coins on the mainnet back to Ethereum, where most exchanges support at this very moment.  Please weigh in the pros and cons before you act.
Note 1: The bridge from Ethereum to Darwinia Network will be based on the innovative Darwinia sub-linear ChainRelay, a decentralized bridge.Note 2: During this stage, the bridge from Darwinia to Ethereum is not activated yet.  This means tokens transferred from Ethereum to Darwinia can not move back until the backward bridge available in the next stage.  However, assets on the mainnet can participate in staking.
Note 1: The bridge from Darwinia Network to Etheruem will be based on an enhanced Proof of Authority model, which will be upgraded to Darwinia sub-linear ChainRelay powered model in the fourth stage of the mainnet launch.
  • CRAB Network
  • TRON
  • BSC
  • EOS
  • Others

👉 Preparations before the mainnet launch

Note 1: The advantage of cross-chain transferring is that RING/KTON can be used for staking immediately after the mainnet is launched. The disadvantage is that these tokens can not be transferred back to the Ethereum network until the Transfer function is activated at stage 3.Note 2: Genesis transferring is more suitable for validators who want to participate staking immediately after the mainnet goes live. Regular users who do not wish to lose liquidity should stay on Ethereum instead.  Please consider the pros and cons before taking action.
  1. Go to https://wormhole.darwinia.network/, click “Ethereum,” and then click “cross-chain transfer” that appears
  1. Go to the Darwinia web wallet and click “Genesis Swap” on the “Account” page.
Note 1: Currently only supports "same-origin address" mapping;Note 2: In the future, we will add Crab network -> Darwinia mainnet swapping in https://wormhole.darwinia.network/ to provide a complete user experience.

👉 The details of Darwinia mainnet genesis block

  1. Ethereum Backing Account. The balance in this account is used to back ERC20 RING and KTON on Ethereum, so the balance in this account is equal to the number of ERC20 RING and KTON in Ethereum. In the process of genesis cross-chain transferring, as ERC20 RING and KTON are continuously being mapped to the mainnet, resulting in a decrease of ERC20 RING and KTON in Ethereum, the balance in this account will also decrease simultaneously.
  2. TRON Backing Account. The balance in this account is used to back TRC20 RING and KTON on TRON, so the balance in this account is equal to the number of TRC20 RING and KTON on TRON. In the process of genesis cross-chain transferring, as TRC20 RING and KTON are continuously being mapped to the mainnet, resulting in a decrease in TRC20 RING and KTON in TRON, the balance in this account will also decrease simultaneously.
  3. Crab Backing Account. The balance in this account is used to back CRING in the Crab network. Because of 1 RING = 100 CRING, so the balance in this account is equal to CRING/100 in the Crab network. This account initially has 40M RING endorsed for CRING. When CRING is swapped into the RING of the mainnet through the genesis cross-chain swapping, the RING in this account will be reduced to less than 40M.
  4. Vesting Accounts of foundation and development team
  • Foundation Vesting 400M, five years vesting period begins when mainnet launch
  • Team Vesting 300M, one year vesting period begins after one year since mainnet launch
  • User’s account on the mainnet after RING and KTON genesis cross-chain transferring.
  • User’s account on the mainnet after CRING genesis cross-chain swapping.

Find Darwinia elsewhere

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