Coin-type Migration from 750 to 118

Summary

When Persistence Core-1 chain launched, in March 2021, the interchain ecosystem was still in a very nascent stage. There were not enough data points to determine whether it would be ideal to choose the same coin-type as Cosmos i.e. 118. Hence, following the sovereign application-specific chain model, we adopted 750 coin-type.

After the introduction of IBC, the Cosmos ecosystem exploded, and we saw thousands of transactions executing across multiple IBC channels. IBC presented a whole new dimension of technological possibilities, but one aspect was vastly missed – user experience.

Therefore migration was planned during Persistence Core-1 chain upgrade v3. You can deep dive in the full migration context from blog attached below:

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Goal

The goal of coin-type migration is to facilitate the best user experience for the Persistence ecosystem community members. As the project matures, we strive to deliver user-centric products, and it requires constantly evolving.

We will be able to achieve our goals only with the constant feedback, support, and efforts of our community, validators, and partner projects. Every step towards a better user experience pushes us closer to becoming the liquid staking hub for the PoS ecosystem.

Persistence Core-1 Chain Supported Wallets

Step-by-Step Guides:

General FAQs

Will 118 coin-type address support PSTAKE/other IBC enabled token?

Yes, all the IBC enabled tokens will work as usual including $PSTAKE. Kindly visit respective wallets tab for steps.

⚠️Things to Remember

1. No one from the persistence team will contact you to help you migrate your tokens.
2. Never share your seed with anyone.
3. Always make sure that you are using the correct and SSL enabled URL.
4. The only way to contact persistence team is by messaging on the verified Persistence community chat on Telegram.