Redeem your tokens
How to redeem tokens on Polygen
After a successful raise you can claim your project tokens. Investors who hold rTKN redeem rTKN for their project token allocations. Also, seed liquidity providers will receive raise pool funds back plus their reward.
!!! Please note that after the project raise is done, you will have to wait for us to populate the pool with reserve tokens before you can claim your rTKNs for pTKNs. If you go ahead and burn your rTKNs before we make the announcement, it will end in total loss of your TKNs and you will not be able to claim them back at a future time !!!
- 1.Click Claim on the top bar of the DApp and this will redirect you to the Projects description page.
- 2.Under the ‘Redeem tokens’ section click Connect Wallet
- 3.Connect your Metamask wallet by clicking Metamask Under the ‘Redeem tokens’ section enter the amount of rPGEN tokens you want to redeem then click Redeem
- 4.You will then be shown how many PGEN tokens you will receive, then click Confirm Redeem
- 5.You will be redirected to Metamasks page where you need to confirm the total amount plus the gas fee, click Confirm
- 6.Your redemption will then be complete, check your new USDC and PGEN balance then click Ok
- 7.Then to redeem your seed tokens, under the ‘Redeem seed tokens’ section click Redeem, check the amount of seedTKN you are redeeming for USDC then click Confirm redeem
- 8.You will be redirected to Metamasks page where you need to confirm the total amount plus the gas fee, click Confirm
- 9.You will be shown the amount you were refunded in USDC then click Ok - This is the final step for Claim