VeChainThor Wallet User Manual & X Node Binding & Token Swap Guide

it's here viii chain has launched the main net V chain Thor if you are a coin holder you probably wonder what that means for you well first off let's take a look at some of the things that are going to happen over the next few weeks on June 30th there was an X node snapshot on the etherion blockchain on July 9th you can download the official V chain Thor wallet app also this is when we'll be supporting X node binding when the X node binding process is completed we will launch the token swap service in the V chain Thor mobile wallet around mid July exchanges will begin with the token swap from ven to ve T and finally there will be a separate X node snapshot on the V chain Thor blockchain after the period for X node binding has ended X node holders will have to send all of their ve T tokens to the V chained Thor wallet before this snapshot or they will lose their X node status so what exactly is this token swap well the ven tokens that you are in possession of are ERC 20 tokens that means that they are based on the etherion protocol and are part of the etherium blockchain however this is going to change in the coming weeks on the 30th of June we unveiled the new V chained Thor blockchain to the public that means your ven tokens will have to make the jump from aetherium to the V chained Thor platform to do this you will have to exchange all of your ven for a different token the ve T token this is the token swap ven becomes ve T the exchange rate for this token swap will be 1 to 100 that means that for every single ve n token you will receive 100 ve T tokens after the token swap to make this process as simple as possible we have developed the V chained Thor mobile wallet a wallet works on Android and iOS and can be downloaded in app stores on July 9th but first things first if you're ven tokens are sitting on one of these exchanges well sit back and relax you don't have to do anything the exchange will swap your tokens for you come mid-july your tokens will run on the V chain Thor blockchain this is the easiest way to swap your tokens and we strongly suggest that you do it this way however if you feel uneasy about sending your tokens to an exchange you can also swap your tokens with our mobile wallet but more on that later the V chain Thor mobile wallet has five core functionalities you can transfer and receive ve T and V Thor if you own an X node on the etherium blockchain you can use it to bind your X node to a V chain Thor wallet address you can do the ve T token swap with the wallet you can claim your V Thor rewards and finally you can choose to observe an address that was generated by another wallet all the while still enjoying the functions of the V chained Thor wallet such as X node binding the ve T token swap and economic node management as an X node holder you need to transfer your X node to a newly created V chain for wallet address it is essential that you pay attention to the following instructions as critical mistakes could result in the loss of your X node we initiate two separate blockchain snapshots one of aetherium on June 30th and another on V chained Thor to resume X node monitoring in between those two snapshots you are free to move your tokens without losing your X node status don't be scared the binding process is simple just follow the instructions start with opening the V chain Thor wallet app please read and understand the service agreement and then click on the start button this is where you set up your login password to protect your wallet if you are using an iPhone you can also activate touch ID or face ID to speed up the login process click on the create a wallet button follow the instructions to give your new wallet a descriptive name and define a password you are now shown a list of mnemonic phrases it is important that you write them down on a piece of paper keep them safe don't lose them the combination of these words is your wallet key and can be used to restore your wallet on a new device please note that you should never store them on your computer or any other device after you click on already backed up please delete your mnemonic phrases will vanish from your phone congratulations you have just created your V chain Thor wallet if you prefer to create your VJ Thor address with other methods such as hardware or desktop wallis you can use the observe wallet function to add your address to the V chain Thor mobile wallet the observed function can be found by selecting me and then manage wallet now click on import wallet at the bottom of the screen on the next screen you have to navigate to the observer wallet tab to import your address even though this address is only observed you can still use it to perform an X node binding or the token swap just like with the addresses that are created in the mobile wallet so the following instructions also apply to observed wallets you can now bind your X note to your new wallet address please note that this has to be done before the X node binding deadline to bind your X node go to the rewards tab and click on X node binding now select the V Jane Thor wallet that you want to be the new home of your X node on the next screen you are asked to enter your aetherium wallet address remember input the wallet that is currently home to your X node enter the complete address including the 0x at the beginning when you are finished click on the X node verification button below the app is now trying to verify if the entered aetherium address does qualify for x status based on the snapshot that was taken on the 30th of June if it does a new button appears click on start X node binding the app will now show you instructions on how to proceed read them and then click on understood start binding on the next screen a unique intermediary address is created this address is cryptographically generated from both your aetherium and your v chain Thor addresses and is constantly monitored by the V chain foundation please remember the intermediary address can only be generated in the mobile wallet the address contains 20 zeros so that no one owns the private key only sent tokens to an intermediary address that you have created yourself and always check it thoroughly be on the lookout and don't get scammed copy the intermediary address to your clipboard by selecting copy the next step has to be performed from your etherium wallet you will have to send a small amount of ven tokens to this intermediary address to confirm the ownership of your X node and proceed with the binding go ahead and send 0.01 ven tokens to the intermediary address after the transaction is completed go back to the V change Thor wallet and tap on er see 20 ven transferred next that's it once the transaction has been confirmed your X node has been successfully bound to your new wallet but wait one more thing you still have to perform the token swap for all of your tokens there are two ways to do this you can swap your tokens with our mobile wallet since you have already done the X node binding you can simply send the rest of your er c20 ven to the intermediary address once the token swap function is available in the mobile wallet the VIII chain foundation will continuously monitor this address and manually transfer your ve T to your V chain for address the second option is to go ahead and send them to one of these exchanges they will take care of the token swap for you once the tokens have been swapped by the exchange don't forget to send all of them to your main V chained Thor address for which you have performed the X binding but please remember that there will be a separate blockchain snapshot that will happen before the monitoring of X notes resumes it is extremely important that you send all of your swap tokens to the v chain for wallet before this snapshot takes place or you will lose your ex note status all right let's move on what about non ex note holders after the X node binding service ends the token swap service to our mobile app will kick off so if you do not have an ex note and you don't want to send your tokens to an exchange to get them swapped you can also use the mobile wallet to do so this is what you'll have to do create your be chain Thor wallet just like in the last step give it a descriptive name and write down the mnemonic phrases on a piece of paper alternatively you can create your V Jane Thor address with another application and observe it in the mobile wallet once you have your be chained Thor wallet up and running you can go ahead with the ve T token swap to do this click on the me tab and select ve t token swap on the following screen read the ve t token swap service agreement and then click on start now you have to select your V chain Thor wallet this is the wallet that you are going to bind to your aetherium wallet enter your aetherium address into the dedicated field enter the complete address including the 0x at the beginning once you are done click on aetherium ven wallet verification on the next screen a unique intermediary address is created copy the intermediary address to your clipboard by selecting copy the next step has to be performed from your aetherium wallet first you will have to send a small amount of ven tokens to this intermediary address when the transaction is successful and everything works you can go ahead and transfer the rest of your tokens by repeating the last step that's it the token swap through our mobile wallet will be an ongoing process that means that in the future we will continue to monitor all intermediary addresses for ve and tokens and swap them for you because of security concerns and various auditing requirements this will not happen in real time after the transaction it could take between six and twelve hours for your tokens to appear in your wallet please remember to simplify things we strongly suggest that you send your tokens to one of these exchanges and let them handle the token swap for you exchanges will begin with the token swap around mid-july once your tokens have been swamped by at exchange you can create a wallet with the mobile app and transfer your tokens to your wallet address once your new ve T tokens are sitting in your V chain Thor wallet they will start to generate V Thor come and collect your V Thor orbs at the rewards page well that's really all you need to know about the token swap why not go ahead and download the V Jane Thor mobile wallet today

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