How to convert C98 BEP20 or ERC20 to C98 SPL
For the purpose of skin-in-the-game on Solana with C98 while having it on Ethereum (ERC20) or BNB Smart Chain (BEP20) network, users can make such a conversion via a centralized exchange that supports depositing C98 tokens on ERC20/BEP20 and withdrawing it on Solana.
Step 1: Transfer C98 ERC20 to FTX
1.1. Access FTX → Go to the Wallet section → Search & select Coin98;
1.2. Click Deposit → Copy ERC20 the wallet address. Make sure you choose the right network;
1.3. Open Coin98 Super App → Click C98 ERC20 from the home screen of the Wallet section → Click Send;
1.4. Enter the transaction info:
- The amount;
- The receiving wallet address copied in Step 1.3;
Slide the Send bar from left to right to complete.
- Ethereum (ERC20) wallet addresses start with “0x”.
Step 2: Withdraw C98 tokens to your Solana wallet on Coin98 Super App
2.2. Search C98 SPL token → Click the receiving icon → Select a wallet as desired (if you have more than one Solana wallet) → Copy wallet address
2.3. Access FTX → Go to the Wallet section → Click Withdraw;
2.4. Enter the transaction info:
- The amount;
- The wallet address copied in Step 2.3;
- Select Solana SPL on the Withdrawal Method box;
- Process the 2FA
2.5. Click Withdraw to complete.
Important: Direct transfers should be done within the same blockchain only. Make sure to copy the correct wallet address and select the corresponding network when withdrawing tokens from centralized exchanges.
You can refer to the steps above regarding how to execute transactions between FTX and Coin98 Super App. However, as FTX does not support depositing C98 tokens on the BEP20 network currently, you can operate it as follows:
Step 1: Swap your C98 BEP20 to BUSD BEP20 on Coin98 Super App;
Step 2: Transfer BUSD BEP20 to FTX;
(You can refer to Step 1 in the previous instruction)
Step 3: Convert BUSD to C98 on FTX;
Step 4: Withdraw C98 to your Solana wallet address on Coin98 Super App
(You can refer to Step 2 in the previous instruction).
Please note that the bridges can require 2 fees on both sides and especially, the fee on the ERC20 side can be significantly high depending on the blockchain in certain circumstances.