Guide to convert FED Coin (CryptoNote) to FED Token (Polygon)
In this tutorial we'll convert 12 Fedora Gold coins from CryptoNote blockchain to Ploygon (Ethereum Level 2 ) matic blockchain. The bridge is using ChainLink oracles to validate the amount of tokens burnt at the source and issue same number of tokens on the destination Polygon (Ethereum Level 2) chain.
Polygon uses Matic as it's platform token.
2. Use the Fedora Gold wallet application to open your existing wallet.
3. Select the wallet file if you already have the wallet. You’ll need to enter your password to open the existing wallet. Make sure the blockchain is fully synced. You can also create a new Wallet or import existing wallet using keys.
4. If you have the Fedora Coins in your wallet, you can procced to next step. We have some coins mined to our wallet using the fedora gold pool. You can use one of the pools listed here to mine fedora gold coins on CryptoNote chain.
https://miningpoolstats.stream/fedoragold
5. In order to convert your existing Fedora Gold coins to Fedora Gold tokens on Polygon (Ethereum Level 2 chain), you need to use the “Issue Tokens” option on the Send screen.
6. Enter the number/amount of coins you want to convert to tokens.
7. You’ll see a confirmation screen.
8. Once you press “OK, SEND IT!”, you will see a confirmation.
8. Once you press “OK, SEND IT!”, you will see a confirmation.
9. The wallet will also automatically open a new browser window to help you send the approved transaction to Fedora Gold Bridge to Polygon.
10. Press "Connect to Metamask". Make sure you are connected to Polygon Network.
If you don’t have Metamask, follow the steps below.
- Goto Settings > Networks
- Add Network
- Enter the details for Network and then save
Network Name: Polygon Matic
New RPC URL: https://polygon-rpc.com
Chain ID: 137
Currency Symbol: MATIC
Blockchain URL: https://polygonscan.com/
15. Now press Connect to Metamask on rebalancetoken.io website.
Once connected to Metamask you’ll see the screen below and all the required details will be auto populated.
16. Metamask will ask you to connect to the rebalancetoken.io website.
17. Once connected, make sure you have MATIC tokens in your account. You need at least 3 Matic tokens in your account to complete both “Approve” and “Redeem” transactions.
18. Press “Submit for Approval” button now.
19. Metamask will popup a windows to ask for confirmation.
20. Press Confirm. Wait till Metamask confirmation is shown.
You’ll see this if transaction is successful.
21. Once the transaction is completed, you can use the search transaction button at the bottom of
rebalancetoken.io website to find your transaction.
22. Now you are ready to redeem your tokens. This is the last step. Goto redeem tab now.
You will see this screen.
23. Enter amount greater or equal to 1 in the Matic Amount and press “REDEEM MY FEDORA GOLD TOKENS”.
Press confirm to complete the transaction. If you see error, repeat this step by increasing GAS by editing the “Estimated Gas Fee”.
You’ll see this if transaction is successful.
24. Now you should add the FED token to your metamask.
Fedora Gold Token Address : 0xe6BD1fBe30ACbbB3c459E033aD2132dd7666Eab3
Press Import tokens
Enter Token Address : 0xe6BD1fBe30ACbbB3c459E033aD2132dd7666Eab3
It will auto populate other information.
Now click Add Custom Token
Now click Import Tokens
Now we have successfully transferred 12 Fedora Gold Coins from CryptoNote to Polygon (Matic) Chain.
From here these tokens can be traded on QuickSwap.
https://info.quickswap.exchange/#/tokens