Seamlessly migrate your CLORE tokens from the legacy Proof-of-Work chain to the Ethereum Mainnet as ERC-20 tokens.
Understanding the token migration process from PoW to ERC-20
The CLORE token migration utilizes a burn-and-mint bridge mechanism to securely transfer value from the legacy Proof-of-Work blockchain to the Ethereum mainnet.
When initiating a migration, users sign a transaction on the PoW chain that permanently burns their native CLORE tokens. This transaction is then cryptographically verified by the bridge validators.
The bridge contract employs Merkle proof verification to validate burn transactions without requiring direct chain-to-chain communication. Validators submit attestations that are aggregated to form consensus.
Upon successful verification, the Ethereum-based bridge contract mints an equivalent amount of ERC-20 CLORE tokens to the user's specified Ethereum address, maintaining a strict 1:1 peg ratio.
Everything you need to know about the CLORE token migration