See the Swarm CIty Github for additional details about the token conversion process, or to find instructions on manual conversion.
IMPORTANT NOTE: Do not send tokens directly to the new token address using any wallet software ( MyCrypto / MyEtherWallet / Mist / MetaMask / etc. ) they will not be converted to SWT tokens this way, and will be lost if you do so.
To initiate the ARC to SWT conversion process, you will start the by going to the Swarm City Terminal.
Now you can either use your ARC 'json-file' backup or private key
Load the wallet storing the ARC tokens you want to convert. All ARC tokens in this wallet will be automatically converted into SWT upon entry to the Terminal after selecting 'Enter here' and succesfully decrypting your wallet.
NOTE: *Users can not specify partial conversion amounts, so be sure to remove any ARC that you do not wish to convert prior to initiating the conversion process. Use Etherscan.io at https://etherscan.io/ to check your wallet address balances.
ARC tokens will be AUTOMATICALLY detected and converted to SWT as long as your wallet also holds enough ETH to cover the transaction gas fees.
The ARC to SWT conversion process also requires a small amount of ether to cover the Ethereum blockchain transaction gas fees. This amount varies and is determined by the miners processing the block. Check MyEtherWallet at https://mycrypto.github.io/knowledge-base/gas/what-is-gas-ethereum.html for the current transaction gas fee amount.
If your wallet address doesn't hold enough ETH to cover the transaction fees associated with any/all transactions occuring on the Ethereum blockchain, then you will receive an error message, and the transaction will ultimately fail after attempting the conversion process. No worries, if the transaction fails your ARC balance is not affected.
To complete the transaction, send a small amount of ETH, approximately
20 GWEI =
0.00042 ETH to your ARC wallet public address.
The 3 step conversion process takes a few minutes to complete.