CyberMiles has advised all of the ERC20 CMT token holders to swap their Ethereum based tokens with the native tokens of CyberMiles on the MainNet. This token swap is being supported by most of the notable exchanges around the world proving the legitimacy of the platform and the token swap.
CyberMiles is among the few altcoins in the market who have gained a lot of user attention. The reason being the announcement of the MainNet launch. The official date of the MainNet launch was announced to be 15th of October, once the project enters the MainNet phase, the old ERC20 tokens would become obsolete. So, in order to avoid all the fuss, CM advised the token holders to swap their tokens for CM’s native currency. One of the ways to get the native CMT is to get the CM’s official wallet for mobile devices from their website which is available for free download. Once the tokens are sent to the wallet, the tokens would automatically be converted from ERC20 tokens to the native CMTs.
The exchanges that are supporting the token swap include CobinHood, DragonEx, Huobi, Lbank and Okex. All these exchanges would be swapping the ERC20 token for the native CMT at the rate of 1:1. Other major exchanges like Bithumb are also supporting the swap without any formal procedure. The tokens in the account would be automatically transferred to CMT tokens. The recent biggest news in this domain was the support from Binance. The top notch exchange Binance also showed its support for the CMT coin swap before the MainNet launch. They posted on their blog post,
Binance would like to confirm support for the CyberMiles (CMT) mainnet swap. Deposits and withdrawals of CMT will be suspended starting from 2018/10/08 4:00 AM (UTC), at which point we will begin the mainnet swap process. We will handle all technical requirements involved for all users holding CMT in their Binance accounts.
Other details about the MainNet and exchanges can be found out on their twitter.