pSafeMoon - How to Migrate to V2?

Updated: Aug 6

If you are currently holding pSafeMoon, you won't be receiving reflections due to the SafeMoon V2 Migration. Below you will find a method in which a pSafeMoon holder will be able to migrate to SafeMoon V2.


pSafeMoon and how the pTokens bridge works

SafeMoon V1 contract had a cross-chain implementation from the Binance Smart Chain to the Ethereum Chain that was provided by pTokens. pTokens essentially stored SafeMoon V1 tokens and cloned those locked tokens into pSafeMoon Tokens. They would be a mirror of what is locked in the pTokens vault.


However, when SafeMoon created and migrated to its version two contract, the SafeMoon V1 tokens were still locked in the vault with a mirrored amount of pSafeMoon. And with no current option to migrate due to those tokens being locked in the vault, there is only one current option for pSafeMoon holders, which is to use the bridge.


Are you holding pSafeMoon and feel that your tokens are stuck while waiting for the V2 migration on the Ethereum chain?

You are able to use the pTokens bridge taking your pSafeMoon Tokens and swapping them directly for SafeMoon V1. Once you receive your SafeMoon V1, you will be able to complete the migration to V2 via the SafeMoon SWaP.


Here is a link to the bridge where you can swap pSafeMoon for SafeMoon V1: https://dapp.ptokens.io/swap?asset=safemoon&from=eth&to=bsc


⚠️There are a few things to be aware of if you plan on doing this:

  • You will receive SafeMoon V1 tokens; if you try to sell or transfer these, that will result in a loss of your funds due to the 100% tax. You MUST migrate them to SafeMoon V2 through the wallet/swap before making any further transactions with SafeMoon.

  • Because you initiate a transaction in both the BSC and ETH blockchains, gas fees might be costly. Depending on the network traffic, a transaction on the ETH blockchain can cost up to several hundred dollars in gas fees alone. We advise checking the gas fees before here.

  • The bridge and pSafeMoon contract was deployed by the pTokens team; these are not official products by the SafeMoon team.

  • The minimum amount that can be bridged to the BSC side is 30,000,000 pSafeMoon tokens.

  • It is important to note that transaction times can sometimes take upwards of 24-48 hours, depending on the amount pSafeMoon you are moving across the bridge. So do not panic if you don't receive your SafeMoon V1 in a relatively quick time frame.

 

Disclaimer

Please be advised this is meant to be used for informational and educational purposes only. All information should be used as such and not be treated as financial advice. Before making any financial decisions, it is important to complete your own due diligence. Thank you.


A special thank you to Discord Sr. Moderator, Explorer for the contribution to this article

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