Announcement of exchanging FC for CFX: Announcement of exchanging FC for CFX
Statement of exchanging FC for CFX: Statement of exchanging FC for CFX
Tutorial on exchanging FC for CFX
First, click on “Connect Wallet” in the upper right corner of ConfluxScan and connect the wallet via “ConfluxPortal”.
Select “Ecosystem”-“FC-CFX Non-reversible Exchange” in the selection bar to enter the FC and CFX exchange interface.
(Or just click the link: https://confluxscan.io/fccfx )
There are four sections in the Deposit FC for CFX interface. The information bar in the upper left corner provides a data display of all staking information on the public chain. The other sections are FC Exchange in the lower left corner, Address Staking info in the upper right corner and Withdraw Principal in the lower right corner.
1. FC Exchange
In the FC exchange section, users can stake FC.
- Stake FC
Users enter the amount of FC they wish to stake in the FC to CFX (Non-reversible) input box and click the “Exchange” button on the right side of the input box to stake FC. If users want to generate interest, they need to click “Sign Up” under “Sign up for subsidy” to sign a subsidy plan contract. - Sign up for a subsidy plan to generate CFX interest
The latest rules of FC to CFX conversion will be updated within a week of the Hardfork upgrade (February 28th), as follows: In order to generate interest, users need to actively sign up for the subsidy plan after depositing their funds
Under the previous FC exchange CFX rules, interest was generated automatically by depositing funds, whereas the new rules require users to self-notify a new contract (that is, the subsidy plan contract). Interest is generated when users sign up for the subsidy plan, but not when they do not.
Note: This rule does not force users to sign up for the subsidy plan, and whether or not the subsidy plan is signed does not cause any loss to users.
2. Address Staking info
The Address Staking info section provides a data display of staking FC and generating interest, as well as the early interest withdrawal feature.
Note: If the user has staked FC and generated interest before the subsidy plan, after the rule update, the user needs to withdraw all the interest before proceeding with subsequent operations.
If the user wants to withdraw the principal after the implementation of the new rules, they need to withdraw the early interest generated before proceeding with the withdrawal of the principal.
If the “Withdraw Interest” button in the Address Staking info section is gray and unclickable, it indicates that there is currently no early interest in the user’s account, while if the “Withdraw Interest” button in the Address Deposit info section is blue and clickable, then there is early interest in the user’s account. The user needs to withdraw the interest by clicking the “Withdraw Interest” button before they can withdraw the principal. Otherwise, the user’s Withdraw CFX interface will not work.
My NFT
When the total number of FCs staked by the user reaches 1000, the user receives a bonus NFT that lights up when the wallet is connected.
3. Withdraw Principal
In the Withdraw Principal interface, users can enter the CFX principal they want to withdraw in the Withdraw principal box and click the “Withdraw” button on the right side of the input box to withdraw the principal.
In order to ensure the consistency of users’ asset data, an “Announce Agreement” box has been added to the withdraw capital box. Users will need to click the “Announce” button and sign a contract in the pop-up notification box to maintain the consistency of asset data. It is recommended that users sign a contract every time they withdraw the principal to ensure the security and consistency of the account.