@IqooInd@amazonIN I had the worst ordering experience. I placed three orders, but none of them have been confirmed, and all the money has been deducted.
Recently, @Lovely_finance conducted a token swap with a swap ratio of approximately:
10,00,000 LOVELY (old) = 3.25 LOVELY (new)
After the conversion, the market price for the new tokens corrected due to the change in supply. However, some people have looked at the new prices and are demanding the old LOVELY tokens, stating they prefer not to convert.
They are calculating the value of the old tokens based on the new token prices, claiming their old tokens were worth more before the conversion.
It's important to understand that this is not how token swaps work. Swaps are determined by the token projects, not by exchanges, and the swap ratio is set by the project.
If you don't swap, you will lose your ability to claim the new tokens. The old tokens would become unusable since the project team would not support the old token after the swap.
Swaps are a standard process across the Web3 industry and there have been many such swaps by various project teams before. These are done for various reasons.
In the case of Lovely Finance, the team decided to merge two tokens.
If you're new to crypto, this process can be confusing. I hope this helps clarify things.
You can read the announcement by the Lovely Finance team here
https://t.co/Ux0mRLQdDZ
200$ to 20 Winners (24 Hours)
1) Like & Rt - Pinned Post @Lovely_finance
2) Comment $LOVELY - Pinned Post @Lovely_finance
3) Tag Your 3 Friends below 👇🏻
Draw Time: 19:30 UTC
Hurry Up! 🎊🚀
$LOVELY To The MOON! 🚀
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