📝 Description
When a cryptocurrency changes its name, undergoes a rebranding, or completes a technical migration, Waltio's database records two distinct tokens. Some exchanges report the conversion automatically. However, other platforms do not transmit the conversion transaction, which can lead to balance discrepancies.
📂 Steps
To fix this, you need to manually create a trade transaction on the migration date to convert the old token into the new one.
Go to the Transactions page, click + Add transactions, and select Trade.
Enter the official date of the rebranding or migration (for example, 05/28/2022 for the LUNA/LUNC fork).
Enter the amount and ticker of the old token in the withdrawal section, and the equivalent amount and ticker of the new token received in the deposit section.
Review the entered information, then click Add transaction.
⚠️ Warnings
If the withdrawal of the old token is already present in your Waltio history, you should only create a deposit of the new token rather than a trade transaction.
In the case of a fork where the new token retains the same ticker (for example, the Terra fork on May 28, 2022, where the old LUNA became LUNC at €0.0001124 and the new LUNA took a value of €4.50), failing to perform this step results in a significant overvaluation of your portfolio, as Waltio applies the price of the new token to your legacy holdings.
💡 Additional information
Examples of conversion ratios:
During the Elrond migration in September 2020, 1,000 ERD (worth $25) became 1 eGLD (also worth $25), representing a ratio of 1 eGLD = 1,000 ERD.
During the Terra fork, 10,000 old LUNA were converted into 10,000 LUNC.
💡 Alternative for forks: In the specific case of a migration like LUNA to LUNC, you can also choose to manually replace the "LUNA" ticker with "LUNC" across all affected transactions dated after the fork.
📝 Other applicable migrations: This procedure also applies to conversions from LEND to AAVE, COCOS to COMBO, BQX to VGX, CDT to SSV, and ASD to BTMX.