About PHL Token Swap
Philcoin, in pursuit of establishing a more scalable ecosystem, made the strategic decision to migrate from the BNB Smart Chain to the Polygon network. To facilitate this transition, it became necessary to mint our new token on the Polygon Blockchain. Recognizing the unwavering belief and support of our community in our vision, we have decided to reward their loyalty by offering an attractive annual percentage yield (APY) of up to 50% when they stake their tokens for a period of 12 or 18 months. This incentive program underscores our commitment to fostering a thriving and rewarding ecosystem for our dedicated community members.Ready to get started?
To keep your PHLs secure, you must swap your tokens to the new Polygon network. By doing so, Philcoin will reward you with up to 50% APY by staking your new tokens. Here's how:- 1
Launch swap App
Launch the Philcoin Swap App. This dedicated application will guide you through the necessary steps to securely swap your existing tokens for the new Polygon-based PHLs.
- 2
Connect your Wallet
Once your MetaMask wallet is successfully connected to the Swap App, you'll be able to proceed with the token swap process.
Make sure you have the required PHL / BNB in your connected wallet to initiate the swap.
- 3
Swap your Old PHL
Philcoin requires holders to swap their existing BNB PHLs for the new Polygon tokens. This can be done through the dedicated Swap App by entering the swap amount, and confirming the transaction.
- 4
Stake your New PHL
Holders can then stake these tokens to earn attractive annual percentage yields of up to 50% for locking periods of 12 or 18 months.
Swap your BNB PHLs for new Polygon tokens using the Swap App and MetaMask. Then, stake the swapped Polygon PHLs to earn up to 50% APY rewards for 12-18 month locking periods. This incentivizes the community's transition to Polygon's scalable network.
Swap your BNB PHLs for new Polygon tokens using the Swap App and MetaMask. Then, stake the swapped Polygon PHLs to earn up to 50% APY rewards for 12-18 month locking periods. This incentivizes the community's transition to Polygon's scalable network.
Swap BNB PHL to PHL
Polygon & Earn More
Unlock rewarding opportunities with the Philcoin Swap & Stake Program! Follow these steps to make the most of our exciting rewards:
- 1. Launch Swap App: Open the Philcoin Swap App in your web browser.
- 2. Connect your wallet: Ensure your MetaMask wallet is connected to the Philcoin Swap App.
- 3. Choose Amount to Swap: In the Swap App interface, you'll see your current PHL balance from the BNB Smart Chain.
- 4. Polygon Exchange Rate: Review the exchange rate and the estimated amount of new Polygon PHL you'll receive.
- 5. Accept T&C: Carefully read and accept the terms and conditions of the token swap.
- 6. Swap App Confirmation: Click on the "Swap Tokens" button to initiate the swap process.
- 7. Select Staking Option: On the platform, you'll see options to stake for either 12 or 18 months. Choose the duration that suits you best.
- 8. Enter Staking Amount: Specify the amount of Polygon PHLs you want to stake. You can stake all or a portion of your tokens.
- 9. Review Transaction Details: Carefully review the Swap / stake details, including the APY, lock period, and any other relevant information.
- 10. MetaMask Confirmation: MetaMask will prompt you to confirm the transaction and pay the required BNB gas fees for the swap. Review the transaction details, and if everything looks correct, click "Confirm" in MetaMask
- 11. Check your Assets: After confirmation you'll be able to see your staked amount within the my dashboard tab. Once the locking period is done you can claim from the same dashboard.
FAQs
How do I access the PhilCoin Swap?
Web
Which wallets are compatible with the Philcoin Swap?
Metamask
Do I need to have a specific amount of BNB PHL tokens in my wallet to initiate the swap?
Min: 5000 BNB PHL Tokens and you need to have enough BNB to cover the network fee.
How long does the token swap process typically take?
It depends on the options you choose 1. 12m vesting, 6m cliff period, 25% bonus reward
2. 18m vesting, 6m cliff period, 50% bonus reward
Can I swap my PHL tokens back to the BNB Smart Chain after migrating to Polygon?
No.
Is there a fee for swapping my tokens?
Yes, you need to pay 5% service fee + cover the network fee
Will I receive the same number of Polygon PHL tokens for my BNB PHL tokens during the swap?
No, you will either have a 25% or 50% bonus, depending on option you choose.
Will my swapped tokens be immediately available for use after the swap is completed?
No, a vesting schedule is applied with a cliff period.