Sep 28, 2022
Token Conversions to Begin Today
The future of SW DAO is here.
Today marks an important milestone for the closure of SW DAO and the new beginning of Sun Labs as we begin our token conversion. As announced previously, all SWD tokens will be converted at $5 per token. This means that your equity in SUNS equals your holdings of SWD tokens at a $5 market price.
Key Points
- We will honor this conversion process for 180 days and accept SWD tokens on the Polygon and Ethereum networks.
- SUNS (Sun Labs Token) equity is on the Ethereum mainnet — the current market cap of SUNS is $10 million FDV.
- If you own our SW Alpha Portfolio asset, you can redeem the underlying assets (MATIC and SWD tokens) here and begin the conversion.
- Liquidity for SUNS token is not live and will only be available during key fundamental events along the company’s timeline.
- SUNS Token Contract: https://etherscan.io/token/0x54AFF8D1B5825942BA86cD1868B0A92B252892c8
We thank you for your continued support and look forward to delivering on our roadmap milestones in the months and years to come.
The Process
We are committed to making the process of converting your tokens as smooth and easy as possible. To begin the conversion process, simply fill out our Google doc with the transaction ID of your transfer of SWD to our conversion address and the Ethereum address you would like to receive your Equity tokens. Once you have submitted your SWD tokens, we will send the corresponding amount of SUNS equity to your wallet of choice within 72 hours.
If you own our SW Alpha Portfolio asset, you can redeem the underlying assets MATIC and SWD tokens here. Once you have done this, you can then request the conversion.
If you have any questions or concerns during this process, please contact us on our Discord server, and we will be happy to assist you.
It’s important to note that SUNS equity is currently on the Ethereum mainnet; however, liquidity for SUNS token is not live and will only be available during key fundamental events along the company’s timeline. This includes but is not limited to major announcements, partnerships, product launches, etc.
Why Convert Your Tokens?
Converting your SWD tokens to Sun Lab's equity is critical to ensuring the success of your investment. Without a secondary market to support them, your current form of SWD tokens carries no liquidity and is effectively worthless.
However, by converting your tokens, you will become a valid equity owner of Sun Labs with legal rights to the underlying property — just as if you were buying a stock. Additionally, the value of your tokens will be locked in at $5 per SWD token — meaning you can still profit from any SWD token purchases you have made in the past.
Finally, converting your tokens ensures you can participate in Sun Labs’ future success. The company is discontinuing operations in its current form and will be undergoing several significant changes over the coming months. If you do not convert your tokens now, you will miss out on this opportunity, and your old tokens will become worthless.
Act now to protect your investment and ensure your financial future.
Conclusion
This announcement represents a significant milestone for SUNS Equity as we continue to execute our vision of becoming the leading Robo-advisor in the digital asset space. If you have any questions about this process or our plans moving forward, please contact us at contact@sunlabs.ch We look forward to welcoming you into the Sun Labs community!
This token conversion process is an excellent opportunity for investors to get involved with Sun Labs. As always, we encourage our investors to do their due diligence before investing in any project. Thanks for reading, and we hope this was helpful!
