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What is a token swap?

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A token swap is a process in the cryptocurrency world where tokens from one blockchain are exchanged for tokens on another blockchain. This can happen for various reasons, such as a project migrating to a new blockchain, upgrading their tokens, or merging with another project. Token swaps often involve users sending their old tokens to a specific address and receiving the new tokens in return. It is essential for users to follow instructions carefully during a token swap to ensure the smooth transition of their tokens.
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A token swap is a process where the tokens of one blockchain or cryptocurrency are exchanged for tokens of another blockchain or cryptocurrency at a predetermined rate. This can occur for various reasons such as rebranding, platform upgrades, or migration to a different blockchain network.

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