QBX Token Migration – How It Works

Our QBX token migration, which is one of the most exciting moments in the QBX ecosystem, is almost ready and we are thrilled to share with our community how the migration works.

For a while, the QBX token has been hosted on two specific blockchains which are the Binance chain and the Ethereum chain. We have taken the initiative to migrate the tokens and have everything on one blockchain to facilitate flexibility and provide our token holders with more utility.

We had our reasons for carrying out this migration, and it is essential to note that this is not a swap, but a complete migration in which the old tokens will get burned and users who participate in this process will receive new QBX tokens.


How It Works 

The token migration will be on a dApp, the QBX token migration tool, where all token holders will be able to migrate their existing tokens for the new QBX tokens. We’ll have an FAQ section to answer all your questions, and also we will provide you with a detailed guide on how to do the migration. The following steps will provide further details on how you can do this.


How to Migrate Your ERC-20 QBX From v1 to v2

To migrate your ERC-20 QBX (qiibee tokens) from smart contract v1 to v2, do the following:

  1. Click on the button “Connect MetaMask”, make sure that the selected wallet in MetaMask contains QBX (qiibeeTokens) v1, and that the wallet is connected to this application.
  2. To see your latest QBX (qiibeeToken) and ETH balance, please click on “Refresh balance”.
  3. Make sure that your wallet has sufficient ETH to start the token migration.
  4. Click the “Start Migration” button to allow this application to transfer all your QBX (qiibeeTokens) v1 for this token migration. It will call the “approve” function on the QBX (qiibeeTokens) v1 contract so that the engine smart contract will be authorized to perform the “transfer from” function on your wallet.
  5. Follow the steps in the MetaMask popup to confirm the transaction to the migration wallet.
  6. Once confirmed, your QBX (qiibeeTokens) v1 will be transferred to the migration wallet, after which the new QBX (qiibeeTokens) v2 will migrated to the same wallet you migrated from. IMPORTANT: the migration of the QBX (qiibeeTokens) v2 may take up to 1 business day.

You can also directly send your QBX (qiibeeTokens) v1 to the token migration address, from any wallet. This is the token migration address in text form: 0x49a335fE3abbBcb0f56AAdce5b020A349eAE2E58


How to Migrate Your BEP2 QBX

To swap your BEP2 QBX tokens, do the following:

  1. Send us your QBX BEP2 tokens and your ERC20 wallet address where you want to receive your new tokens
  2. We will send them to your wallet address


We do not intend to make this an overly complex process, and that was our reason for building the QBX token migration tool  in order to facilitate a simple migration process for our users.


In a few weeks, our dApp will be live and users will be able to perform this migration following the processes outlined above. This is a new era for the QBX ecosystem and we are excited about it. 

Do you want to make sure you don’t miss a thing and get more information about our ecosystem? Then follow us on Twitter and Instagram!

The qiibee foundation is the world’s leading blockchain provider for the global loyalty market.

Our mission is to build a decentralized, scalable and interoperable standard for all loyalty programs and incentive systems powered by the QBX.

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