In the summer of 2020 we have announced that we would be upgrading our native ADX token (referred to as legacy ADX token) to pave the way for ADX to integrate with the exploding DeFi ecosystem. The upgrade to the new ADX token, which have been used for Ambire AdEx staking, also introduces a few new features, reduces gas costs and fixes a few minor technical irregularities.
You can read the full announcement on this page.
As the migration of legacy ADX tokens to the new ADX tokens concludes on 16 March 2022, we would want to remind you about this deadline and let you know that if you hold ADX tokens on a wallet (regardless if hardware or software), you are able to upgrade them on our Staking portal - here's how to do it.
How to find out whether I hold the new or the legacy ADX?
- On Etherscan.io, the legacy token will show up with the name “AdEx”, symbol ADX and token address 0x4470BB87d77b963A013DB939BE332f927f2b992e
- On Etherscan.io, the new token will show up with the name “AdEx Network”, symbol ADX and token address 0xADE00C28244d5CE17D72E40330B1c318cD12B7c3
Important: Please make sure to never directly send tokens to the token address. Sending “old” tokens to the new token address will not upgrade them but it will block your tokens. Therefore they will be technically inaccessible and you won’t be able to recover them.
Also important: If you hold a smaller amount of ADX tokens (e.g. under 800 ADX), please consider gas fees you need to pay in ETH before you swap. With gas fees being higher as demand increases, it is possible that you end up spending more money upgrading and staking (if you wish to do so) than the value of the ADX tokens and the potential rewards. E.g. we recommend to swap and stake at least 800 ADX tokens to justify the gas fees. This is a decision you would need to take though!