RChain is launching its MainNet in Q2 2019. RHOC tokens will be switched to REV tokens. To make sure you get your REV tokens, be in control of your private keys or keep your RHOC on KuCoin by Dec 31, 2018.
In overly simple terms, the current RChain token RHOC (which exists on the Ethereum Network) is going to be replaced by REV on the new RChain network.
To make sure you get your REV, you need to be in control of your private keys (so you can claim your REV), or alternatively, you can keep your RHOC on KuCoin and let them swap your tokens for you.
It is important that you don’t keep your RHOC in a third party wallet that doesn’t give you direct access to your keys or that isn’t supporting the swap… as RHOC tokens will be worthless once the new main net launches (since REV is taking the place of RHOC).
For more information see:
- KuCoin Will Support The RChain (RHOC) MainNet Token Swap.
- REV issuance for RHOC holders. <—- this is the official RChain FAQ which will answer any questions you might have.
Update and How to Sell Your Rev if You Have it
KuCoin didn’t come through with the swap (oof), but if you had your private keys you can still claim and sell your REV (and if you just have REV, you can sell it). I did the following steps to sell my REV to DAI.
Here is what you do:
- Import your Ethereum private key into MyRchainWallet. Obviously, you want to use the key of the wallet you had your Rchain in when the MainNet swap occurred and you want to move all your ERC20s out of there first.
- Send your REV to MEXC (ref link) to sell it (they are a useable exchange with no KYC for small accounts).
Simple as that. Comment below if you have issues.