Lowering Tokens

Prerequisites

Overview

Lowering tokens is the process of bridging EWT from EWX to ETH. This process has two steps:

  1. Schedule a token lower

  1. Claim lowered amount

STEP 1: Schedule a token lower

  1. Find the Lower menu in the account popover menu on top-right of the screen. You may also click on ⋮ icon located next to your EWX balance then click Lower Tokens

Loewr tokens (account menu)
Lower tokens (EWT balance)

  1. Enter lowering amount and click Approve

You may also use the slider or pre-defined buttons that will calculate based on your account balance

The minimum amount for lowering is 1 EWT

Enter lowering amount

  1. Enter an ETH address and/or select an ETH account for which the lowering amount will go to. Make sure that the chosen account is highlighted before clicking Next

Add/select EWC account

  1. Review the transaction and click Confirm

Confirm transaction

  1. Approve the transaction in your wallet

Pending confirmation

  1. Wait for the transaction being executed

Executing transaction

  1. You will see a "Transaction scheduled" message along with the transaction URL to Polkadot explorer

Lowering operation will take approximately 24 hours to succeed

Lowering transaction scheduled

  1. To check the status of the scheduled lower, click on the Transactions icon on the upper section of the screen

Transaction icon

  1. Newly scheduled lowers will be in Pending status while those which are ready to be claimed will display the Claim button

STEP 2: Claim lowered amount

  1. In the Transactions page, simply click on the Claim button

Transactions list showing a ready to be claimed item

  1. Connect your ETH account

Ensure that the ETH account has enough ETH native tokens to be used as gas fees in the claim lower transactions.

Connect ETH account

  1. Review the claim lower transaction and confirm

Confirm transaction

  1. Approve the transaction in your wallet

Pending for wallet approval

  1. Wait for the transaction to be executed and you will see a success message

Successfully executed lower claim

  1. Newly executed lower claim status will be displayed as Claiming

It takes approximately 5 - 10 minutes for the claim transaction to complete. The status will automatically display Success once lower claim is completed.

  1. Lower claim is successfully executed

The lowered amount will automatically reflect in your wallet. Please use the following token configuration in your wallet:

  • Network - Ethereum

  • Contract Address - 0xB66a5D30D04f076E78ffB0d045C55846Fdcde928

  • Symbol - EWT

  • Token Name - Energy Web Token

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