🏦Market Swap

Swap your legacy tokens at the market price and get COT at a +30% increase on the market price. Once swapped you will receive COT with 25% monthly release after 12 months.

Market swap method

The Market Swap method allows you to exchange your legacy Tokens - TREE, TCO2, and SEED - at a revalued market price, which is 30% higher than the current market value. This means that your tokens will be valued 30% more than the market value when converted into COT. However, it's important to note that the COT will not be immediately available. Instead, it will be subjected to a 12-month vesting period.

Attention please: You can make maximum of 3 Market Swaps per legacy tokens. Use this feature wisely!

Let's illustrate this with the SEED-COT conversion. The conversion process is similar to the Independent Swap method, where we first determine the SEED-WBNB (Wrapped Binance Coin) price using our Current DEX V2 pairs. Then, we get the WBNB-USD price using the Binance oracle. These two steps allow us to accurately determine the value of SEED in terms of USD.

The difference lies in the final step, where we convert SEED to COT. In the Market Swap method, the price of COT is revalued by 30%, meaning your SEED tokens will be worth more when converted to COT. However, the COT you receive will be subjected to a 12-month vesting period. After this period, you will receive your COT in four equal installments over the next four months, receiving 25% of your total COT each month.

Executing your swap

To execute a Market Swap, select your legacy token from the list and choose the amount you wish to swap. You will see the expected COT amount, which will be 30% higher than the current market value. Click on the "Swap" button to initiate the process. If it's your first swap, an additional approval transaction will be required. Unlike the Independent Swap method, you will not receive your COT immediately. Instead, after a 12-month vesting period, you will start receiving 25% of your COT every month for the next four months.

Claim your COT

To claim your COT tokens, you'll need to click on the "Claim Market Swaps" button. This action will prompt the system to check the vesting schedule and determine the amount of COT tokens that are due for release.

The system will then release all unlockable COT tokens at once. This means that if you've performed multiple swaps at different times, the system will only unlock the COT tokens that have completed the 12-month vesting period and are due for release according to the 1-month release schedule.

For example, if you performed a swap in January and another in March, and it's now February of the following year, only the COT tokens from the January swap will be available for claiming. The COT tokens from the March swap won't be available until the following month, given the 12-month vesting period.

This Claim Method ensures that the distribution of COT tokens is orderly and respects the vesting schedule, providing a fair system for you and all users.