IBC CUDOS Tokens Transfer

Overview

The Artificial Superintelligence Alliance (ASI) network facilitates CUDOS token reconciliation following the CUDOS network's merger into the ASI Alliance network. This process allows users to migrate their CUDOS tokens to FET tokens based on a pre-agreed conversion rate via the Companion App (opens in a new tab) UI.

By following the appropriate steps for either claiming locked tokens or converting liquid tokens, users can securely complete their migration using the Companion App. Ensuring the correct wallet connection is essential for claiming tokens, while for conversion, it is simply a matter of having available liquid CUDOS tokens in the account.

Claim and Convert options

Users may face two different scenarios when migrating their tokens:

1. Claiming locked CUDOS tokens

If CUDOS tokens were previously sent via IBC (Inter-Blockchain Communication) back to their native CUDOS Mainnet chain after it was decommissioned, then these tokens became locked forever. Users can claim these locked tokens as FET ones via the Companion App (opens in a new tab).

The most crucial aspect of claiming locked tokens is selecting the correct wallet account (with the correct ASI address) in the ASI Alliance Web Wallet extension, otherwise users won't be able to see their claimable tokens in the Companion app UI and consequently claim them. The correct ASI account must be derived from the very same private key as the original sender's account used to transfer CUDOS tokens from the source chain (e.g. Osmosis) to the already decommissioned CUDOS mainnet, which caused the tokens to become locked. Depending on how the original sender's account was created (respectively how the user/owner is usually accessing it), there are two possible ways how to add it to the ASI Wallet Extension:

• Software wallet: users will need to provide the same mnemonic seed phrase and HD Derivation path as when the user created the original sender's account .

• Hardware wallet: users will need to add the same Ledger Hardware Wallet and use the correct HD Derivation path. In this case, there is no need for a seed phrase, since it is represented by the Ledger Hardware Wallet itself.

If all parameters are correctly provided, the user will end up with the correct ASI wallet account in the ASI Wallet Extension.

Walk-through to claim locked CUDOS tokens

1. Open the Companion App (opens in a new tab).

2. Head over to the Reconciliation tab.

   

3. Switch to the CUDOS tokens tab.

4. Connect your ASI Web Wallet. If you do not have one, download it from here .

5. You need to ensure that you use the exact wallet address that was originally used to lock CUDOS tokens from the source network. You can add such a wallet within the ASI Wallet by clicking the 3 dots menu button:

   

   Then, click Add a new wallet.

   

   Click Import existing wallet.

   

   Choose to import a wallet based on a seed phrase (if you have a software wallet) or by connecting a hardware wallet.

   

   By using a software wallet, you need to import the wallet using the same seed phrase as the one related to the wallet you used to lock the CUDOS tokens on the source network.

   

   If you know the HD derivation path for your original wallet address, provide it alongside the seed phrase, by clicking the Advanced Options button.

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   The HD derivation path presents multiple fields that need to be populated: account, exchange and index. These fields of HD path determine the private key of the account, which is going to be imported to the ASI wallet. If they (and seed phrase) are provided correctly, the resulting derived private key will be exactly the same, as the one used to derive the source account used to initially transfer CUDOS tokens from original source chain (e.g. Osmosis) to the decommissioned CUDOS Mainnet chain, thus effectively locking them.

   

   Click Next.

6. Once you connect the new account successfully, the Companion App UI will refresh, and you should be able to check the Claim section with the available amount of CUDOS tokens that can be actually claimed.

   

7. Check that the amount is displayed correctly, then proceed to submit the claim request by clicking the Execute button.

8. Confirm the transaction within the ASI Wallet and wait for processing.

9. The FET tokens will be credited to your connected ASI account upon successful claim processing.

2. Converting liquid CUDOS tokens

If users hold liquid CUDOS tokens on IBC-supported networks, they can convert them to FET tokens using the Companion App.

First, they will need to transfer them via IBC to the ASI Alliance Network, and then convert them to FET tokens using the dedicated Companion App UI.

During this process, the ASI account itself (its address) is not relevant for the conversion process (opposite to the claiming process described above). All that matters is the ownership of CUDOS tokens. The Companion App UI will automatically populate the Convert field based on the available balance of CUDOS tokens once the ASI account is connected to the app itself.

Walk-through to convert liquid CUDOS tokens

1. Open the Companion App (opens in a new tab).

2. Head over to the Reconciliation tab.

3. Connect your ASI wallet . Ensure it holds liquid CUDOS tokens on any IBC-supported network. These can be transferred from the source wallet to the ASI wallet straightforwardly.

4. Navigate to the CUDOS tab within the Reconciliation page.

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   The available balance of CUDOS tokens should be displayed automatically based on the amount available of liquid CUDOS tokens on your connected wallet.

5. Select the amount you wish to convert.

6. Press Execute button.

7. Confirm the transaction on the wallet and wait for processing.

8. The corresponding amount of FET tokens will be credited to your ASI wallet upon successful conversion.