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Dora Factory Kusama Parallel Chain Lease Expires: Migration to Ethereum Main Network

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On April 3, the Dora Factory Kusama parallel chain lease expired on April 17, 2023 UTC time. All DORA-KSM on-chain tokens will be migrated 1:1 to the Ethereum m

Dora Factory Kusama Parallel Chain Lease Expires: Migration to Ethereum Main Network

On April 3, the Dora Factory Kusama parallel chain lease expired on April 17, 2023 UTC time. All DORA-KSM on-chain tokens will be migrated 1:1 to the Ethereum main network. This migration allows DORA-KSM coin holders to access the liquidity of Ethereum DORA and participate in a wide range of DORA community activities and token usage scenarios. Coin holders on the Dora Factory Kusama parallel chain need to complete Ethereum address registration within 14 days.

Dora Factory Initiates KSM Parallel Chain Token Migration

As of April 3, the Dora Factory Kusama parallel chain lease has expired. Effective April 17, 2023 UTC time, all DORA-KSM on-chain tokens will be migrated 1:1 to the Ethereum main network. This migration allows DORA-KSM coin holders to access the liquidity of Ethereum DORA and participate in a wide range of DORA community activities and token usage scenarios. However, coin holders on the Dora Factory Kusama parallel chain need to complete Ethereum address registration within 14 days, or risk losing access to their tokens.

Why Migrate to Ethereum Main Network?

The migration from Dora Factory Kusama parallel chain to Ethereum main network has been long-awaited by the community. The Ethereum network is known for its robust infrastructure and large ecosystem, which brings various benefits for DORA-KSM coin holders.
One significant advantage is the availability of liquidity, which allows coin holders to easily buy, sell, and trade their coins at any time, without having to worry about scarce liquidity or high transaction costs. The Ethereum network also offers access to a wider range of DeFi protocols, enabling coin holders to participate in yield farming, staking, and other activities that can generate rewards and returns.
Moreover, migrating to Ethereum main network will enable DORA-KSM coin holders to participate in the DORA community in various ways. They can vote on governance proposals, earn rewards for participating in on-chain activities, and access more use cases for DORA tokens.

Completing Ethereum Address Registration

DORA-KSM coin holders on the Dora Factory Kusama parallel chain need to complete Ethereum address registration within 14 days to access their migrated coins on the Ethereum main network. Failure to do so will result in the loss of access to their tokens.
The Ethereum address registration process is simple and straightforward. Users need to download an Ethereum-compatible wallet, such as MetaMask, create an Ethereum address, and link it to their existing DORA-KSM on-chain tokens.
After the migration, users can access their migrated tokens on the Ethereum main network by logging into their Ethereum wallet and checking their DORA balance. They can then easily buy, sell, or transfer their tokens as needed.

Conclusion

The migration of DORA-KSM on-chain tokens from Dora Factory Kusama parallel chain to Ethereum main network signifies an important milestone for the DORA community. Coin holders can now access the liquidity and wide range of DeFi protocols available on Ethereum, as well as participate in more use cases for DORA tokens.
As the migration deadline approaches, it is crucial for DORA-KSM coin holders on the Dora Factory Kusama parallel chain to complete Ethereum address registration within 14 days to avoid any inconvenience or loss of access to their tokens.

FAQs

1. What is Dora Factory Kusama parallel chain?
Answer: Dora Factory Kusama parallel chain is a blockchain network that allows developers to deploy smart contracts and build decentralized applications using the Substrate framework.
2. What is Ethereum main network?
Answer: Ethereum main network is the primary blockchain network for Ethereum, which runs smart contracts and a wide range of decentralized applications.
3. What are the benefits of migrating to Ethereum main network?
Answer: Migrating to Ethereum main network offers several benefits, including access to liquidity, a wider range of DeFi protocols, and more use cases for DORA tokens.

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