ETH Holders: How to redeem your BTH using imToken

ETH Holders: How to redeem your BTH using imToken

Blockchain Business
September 12, 2019 by admin
68
bithereum imtoken

To redeem BTH as an ETH holder ?

Since Ethereum and Bitcoin interact with transactions on entirely different blockchain implementations and with completely dissimilar address spaces; Bithereum has introduced a mechanism that will give you the ability to redeem BTH proportional to the amount of ETH you have.

To redeem BTH as an ETH holder, you must first send a 0 (zero) ETH transaction along with the your newly created BTH address (as a hex string in the data field) to the ETH redemption smart contract.

The ETH redemption smart contract pairs your ETH address to your BTH address and is referenced by the Bithereum oracle after the fork. The Bithereum oracle triggers the issuance of BTH from the ETH holder BTH allocation generated from the Bithereum genesis block.

Without further ado, here are the steps for redeeming BTH using imToken.

Step 1: Open the imToken mobile wallet application and select the Ethereum wallet. Then select “Send”

Step 2: Provide redemption contract address

Once you have gained access to your account and selected “Send”, input the following Bithereum redemption contract address into the “To Address” field:

0x3C2C10e5Ecd073D9ee238493D338Ec6e3d7281C6

Then, Enter 0.0 ETH into the “Amount” field before proceeding.

Then click the “Advanced” option to allow a transaction data input.

Step 3: Add the hex version of your BTH address to your transaction

Note: If you don’t have a hex version of your BTH address or have not created a BTH address, go here before proceeding with this step: https://medium.com/bithereum-network/btc-eth-holder-redemption-guide-for-bth-72d6632b04af

Enter your BTH address HEX output into the “data” field. Once this is entered in, you may proceed with sending the transaction.

Step 4: Generate and send your 0 ETH transaction

Confirm that everything was entered in accurately, and proceed with sending the transaction. By clicking “Next”

Step 5: Confirm redemption

You can now verify that your redemption process was successful by looking for your successful transaction directly on the BTH Redemption smart contract using Etherscan.

Congratulations, you have successfully redeemed your BTH! Next you can refer back to the Redemption Guide to import your BTH address into Guarda Wallet.

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