Old Radiant Capital (RDNT) Tokens to be Converted to New Radiant Capital (RDNT) Tokens

On March 30th, according to an official announcement, after the listing of Radiant Capital (RDNT) in the Coin On Innovation Zone, many users recharge Radiant Capital (RDNT) in Coin On through their old smart contract addresses. Therefore, Coin On will support the conversion of old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens.

Coin security will support the recharge of old Radiant Capital (RDNT) tokens

On March 30th, Coin On Innovation Zone announced that it would be listing Radiant Capital (RDNT) on its platform. After the announcement, many users rushed to recharge their Radiant Capital (RDNT) tokens through their old smart contract addresses. Coin On recognized the situation and announced that it will support the conversion of old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens. In this article, we will delve deeper into this announcement, what it means for users, and what steps they need to take to ensure a smooth transition.

What is Radiant Capital (RDNT)?

Before diving into the conversion process, let’s briefly understand what Radiant Capital (RDNT) is. RDNT is the native token of Radiant Capital, a decentralized finance (DeFi) platform that connects borrowers with lenders. Radiant Capital aims to provide affordable and accessible loans to users by leveraging blockchain technology. The platform allows users to lend RDNT tokens and earn interest or borrow RDNT tokens and pay interest.

The Conversion Process: How Does It Work?

Now, let’s get into the nitty-gritty of the conversion process. First, users need to check if they have any old Radiant Capital (RDNT) tokens in their wallets. If they do, they need to withdraw them and transfer them to Coin On. Once the tokens are in Coin On, users will have to fill out a conversion request form. The form will require users to provide their old Radiant Capital (RDNT) token balance, their Coin On wallet address, and a verification code.
Once users have submitted the conversion request form, Coin On will verify the information and initiate the token conversion process. Users don’t have to do anything else. The conversion process will automatically convert the old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens at a ratio of 1:1. After the conversion process is complete, users will see their new Radiant Capital (RDNT) tokens in their Coin On wallets.
It is worth noting that the deadline for converting old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens is 30th June 2021.

Why the Conversion is Necessary

You may be wondering why the conversion is necessary in the first place. The reason is that Radiant Capital has undergone a smart contract upgrade, and the old Radiant Capital (RDNT) tokens will no longer be supported. Therefore, users who hold old Radiant Capital (RDNT) tokens need to convert them to new Radiant Capital (RDNT) tokens to continue using the platform.

Is It Safe to Convert Radiant Capital (RDNT) Tokens?

Some users may be concerned about the safety of converting Radiant Capital (RDNT) tokens. However, users need not worry as Coin On has implemented various security measures to ensure the safe and seamless conversion of old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens. Coin On’s security measures include two-factor authentication (2FA), SSL encryption, and multi-signature wallets. Additionally, Coin On has partnered with Certik, a leading blockchain security provider, to conduct a security audit of its platform.

Conclusion

In conclusion, Radiant Capital’s smart contract upgrade has necessitated the conversion of old Radiant Capital (RDNT) tokens to new Radiant Capital (RDNT) tokens. However, Coin On has made the conversion process simple and secure for all users. Remember to check if you have any old Radiant Capital (RDNT) tokens in your wallets and convert them before the deadline on June 30th, 2021.

FAQs

1. Do I have to pay any fees for the token conversion process?
No, there are no fees for the token conversion process.
2. Can I still use the old Radiant Capital (RDNT) tokens after the deadline?
No, the old Radiant Capital (RDNT) tokens will no longer be supported after the deadline on June 30th, 2021.
3. Is Coin On available in all countries?
No, Coin On Innovation Zone is not available in some countries due to regulatory restrictions.