SIX Token has announced the network migration from Stellar to Ethereum and the SIX Bridge will be upgraded to facilitate the transfer on August 17, 2023 at 13:00 (GMT+7), where users can choose to withdraw. SIX Token in Ethereum or Stellar as you wish.
after moving The SIX bridge will be upgraded to facilitate the transfer of coins from Stellar to Ethereum. However, we would like to inform you that once users transfer coins from Stellar to other blockchains, they will no longer be able to transfer coins back to Stellar.
On August 17, 13:00 (GMT+7), the SIX Bridge will be upgraded to connect to Ethereum so users can easily migrate from Stellar to Ethereum. This decision was made to open up opportunities for growth by leveraging the ecosystem and capabilities of Ethereum.
Why is the move to Ethereum important?
The migration of the SIX token network to Ethereum is important because of the functionality of the Ethereum Virtual Machine (EVM) that allows connection to SIX Token EVM-based smart contracts. All Blockchains connected to EVM
Benefits of Migrating to Ethereum for SIX Token
By migrating the network to Ethereum, SIX Token will gain innovative and centralized access. (Decentralized) with the main benefits of network migration are as follows.
1. Diverse Ecosystems:
The Ethereum ecosystem is an important part of the Blockchain industry. Ethereum is a Blockchain that includes many Tokens, DeFi (Decentralized Finance), DAOs, or NFTs. This provides an ideal environment for the growth of the SIX Token, increasing the potential for the use of various systems and opportunities that exist within the Ethereum network.
2. More liquidity:
Proper liquidity is a key factor for the success of the coin, which is widely used by Ethereum, so SIX Token will gain access to a large group of users and investors. Resulting in increased liquidity of SIX Token after this network migration. Chances are you will see SIX Token appearing on some interesting platforms on Ethereum.
3. Huge developer community:
In the Blockchain industry, Ethereum has the largest community of developers. This community is actively involved in the development of the platform. by creating innovative solutions, smart contracts and applications The migration of the SIX Token network will give us access to the developer community. and benefit from knowledge, resources, and opportunities to work together.
4. Support from leading cryptocurrency exchange sites:
Ethereum is a very popular blockchain standard, so SIX Token will be more accessible to leading exchange sites since there is a support system for Tokens on top of Ethereum. It also increases credibility and transparency.
5. Trust and credibility from organizations and institutions around the world:
Ethereum is a well-known and widely accepted blockchain. Within the ecosystem, there are custodians trusted by organizations and financial institutions, which Ethereum users can use. For this reason, it adds to the attractiveness of SIX Token, which will make SIX Token a reliable and business-friendly digital asset. Can attract attention and create opportunities for partnerships with organizations around the world.
This migration of SIX Token is an opportunity for more growth and innovation. By migrating to Ethereum, a wide range of DApps and new use cases can be accessed and created, as well as being part of Ethereum’s expansive ecosystem, providing SIX tokens with increased liquidity. More access to the developer community In addition, backed by leading cryptocurrency exchanges, SIX Token has the potential to become a reliable and attractive digital asset for enterprises and institutions. This move represents a new growth opportunity. to prepare for the opportunity that awaits
Things to know about network migration
To ensure a smooth network migration We have upgraded the SIX Bridge to allow easy transfer of SIX Tokens from Stellar to Ethereum. When users bridge SIX tokens from Stellar to another blockchain, users will no longer be able to bridge to Stellar tokens.
SIX Bridge will be available from the start of the network migration process and there is no time limit. Users can use their bridge time at their convenience.
A new growth is about to begin.
This network move marks the beginning of new growth as SIX Network is preparing to open the door to the opportunities to come. In addition, we value the trust and support of our community. And we believe that this network migration will create a new era for SIX Tokens. We invite all SIX Token holders following the news to migrate your SIX Tokens to Ethereum.
We would like to thank everyone who has been a part of this change. Together we are building the future of Blockchain technology.
Become part of the SIX Network community here. Twitter | Discord | Telegram