The $DOCK to $CHEQ token migration has been a success! The vast majority of token holders have already migrated their $DOCK tokens to $CHEQ, and the process has been smooth and without delays.
As we approach the final phase, this is an important reminder:
The Token Migration Ends on March 15th
As planned, the migration will officially close on March 15th at 12:01 AM UTC. If you haven’t migrated your tokens yet, the coming weeks will be your last opportunity to do so.
If you still hold $DOCK tokens, make sure to complete your migration before the deadline to ensure a seamless transition to $CHEQ.
As of March 15th, the Dock blockchain network will be shut down, and the $DOCK token wallet will no longer be active.
Important details for stakers and validators:
Starting March 5th, we’ll reduce the number of active validators, leaving only Dock Labs' validator pool running in preparation for the shutdown.
- We advise all validators and stakers to begin unbonding now to ensure their tokens are ready for migration as soon as possible.
- The unbonding period is currently 7 days.
- Starting March 5th, the unbonding period will be removed, allowing you to unbond your tokens immediately.
- If you start unbonding before March 5th, you will still need to complete the full 7-day unbonding period, even after the change.
How to migrate your DOCK tokens to CHEQ
Before you start
- Ensure you have a compatible wallet for $CHEQ. If you don’t already have one, follow these instructions to set one up. We recommend using the Leap wallet, which has a browser extension and a mobile wallet on both Android and iOS, and can be easily connected during the migration process. There is another alternative which is to use the Keplr wallet.
- Update your wallet software to their latest versions. This ensures compatibility with the new system and reduces the likelihood of encountering bugs or issues during migration.
- Note that the migration must be done through the Dock browser-based wallet. If you use the Dock Wallet App or Nova Wallet, you can easily add your account to the Dock browser wallet by following these steps.
- Read and understand the migration's terms and conditions. Make sure you are familiar with the terms before proceeding. You can review them here.
Migrating your DOCK tokens
- Access the migration page
Click here to visit the migration page and begin the process. - Connect Leap or manually enter your cheqd account
Connecting the Leap wallet ensures that the tokens are sent to the cheqd account you control. If you do not see your Leap accounts in the dropdown, follow these steps to set up your Leap wallet for cheqd. - Select your Dock account
If your account isn’t already added, follow these instructions to add it. - Accept the Terms & Conditions
Once you've reviewed the T&Cs, click Submit to confirm your migration request.
The full balance of your Dock account will be migrated in a single transaction, partial amounts are not permitted. Once submitted, your $DOCK tokens will be burnt, and the converted $CHEQ tokens will be sent to your designated cheqd wallet using the swap ratio of 18.5178 $DOCK to 1 $CHEQ.
The migration process typically takes 1-2 business days, after which your $CHEQ tokens will be available in your cheqd wallet.
Please follow these steps carefully, and if you have any questions, feel free to reach out to our team at support@dock.io.
Note: If you need any transaction reports from the Dock blockchain for tax purposes, make sure to download them from our Subscan blockchain explorer before March 15, 2025.
The Future of Decentralized ID
Dock and cheqd will continue as independent companies serving distinct market sectors in unique ways. By merging their tokens, expertise, and strategic focus, they will drive their shared vision forward with unstoppable momentum.
This token merger has been a monumental leap forward. By merging the $DOCK token with $CHEQ, we are unlocking unprecedented opportunities for our community, positioning you at the cutting edge of decentralized identity innovation.
The future of decentralized digital identity is bright, and with your $CHEQ tokens, you'll be part of a dynamic, growing ecosystem that is set to lead the industry.
Dock and cheqd will shape a world where secure, verifiable credentials are the norm, and your involvement is key to making this vision a reality. The journey ahead is filled with potential, and we are thrilled to have you with us as we pave the way for the next era of digital identity.
