As you already know, Dock and cheqd are merging their tokens and blockchains to form a powerful alliance in the decentralized identity space.

This partnership unites the blockchain capabilities of two industry leaders to accelerate the global adoption of decentralized identity and verifiable credentials, providing individuals and organizations worldwide with secure, trusted digital identities.

As part of this evolution, the Dock network will migrate its functionality and all tokens to the cheqd blockchain. This transition will enable Dock to leverage cheqd’s advanced infrastructure, delivering even greater value to both ecosystems.

During the migration, existing $DOCK tokens will be swapped for $CHEQ tokens at a conversion rate of 18.5178 $DOCK to 1 $CHEQ, ensuring a seamless and straightforward transition for all token holders.

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 softwares 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.
  • If your $DOCK tokens are currently on an exchange, you’ll need to withdraw them to a Dock wallet to complete the token migration, as it can only be done from an address you own. Follow our guide on creating a Dock wallet account to get started. We are actively working with exchanges to allow them to handle the migration on behalf of users, and we’ll publish a list of participating exchanges as soon as it’s available.
    • UPDATE 23/11/2024: KuCoin will support the migration of $DOCK tokens to $CHEQ. If you’re holding your $DOCK tokens on KuCoin, you don’t need to do a thing—KuCoin will handle the migration for you seamlessly. Read all the details here.
  • Read and understand the migration's terms and conditions. Make sure you are familiar with the terms before proceeding. You can review them here.
  • The migration service will only be available until March 15th, 2025. After this date, the migration will no longer be supported. Please ensure you complete the process before the deadline.

Migrating your DOCK tokens

  1. Access the migration page
    Click here to visit the migration page and begin the process.
  2. 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.
  3. Select your Dock account
    If your account isn’t already added, follow these instructions to add it.
  4. 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 bear in mind that during the holiday season (mid-Dec 2024 to early Jan 2025) it might take a bit longer.

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 is not just a change; it's 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.