DEFED 2.0 Migration FAQ

1. Why is DEFED migrating to version 2.0?

DEFED's goal is to help users onboard Web 3.0 and enjoy countless possibilities that technology has to offer with a seamless and easy interface. Our mission is to empower you to take control of your financial future. We offer innovative features and easy-to-use Web 3.0 tools that make it simple to create an account, manage your assets, communicate with your friends and do more with dApps.

2. What is new with DEFED 2.0?

1. Login with e-mail: Create account easily with the way you are used to. Simply use your email to create and log-in. Your passwords can be reset. No hassle of forgetting your key forever, ever again!

2. Empower connections: You can invite your friends from Web2 and onboard them on DEFED while earning rewards by 50:50 at the same time with DEFED Crypto Box

3. Elevate Your Chats with DEFED 2.0: Create Contacts in a Decentralized Manner with Encryption and Storage of Your Conversations in IPFS for Maximum Security and Privacy

4. Get access to more dApps: With DEFED 2.0, users will automatically gain access to new and upcoming dApps, ranging from NFT to derivatives and more.

3. Who needs to migrate to new account?

Everyone who has previously created accounts with DEFED before.

4. If you don't have existing account, would you still need to migrate?

If you have a completely new account, you can use DEFED V2.0 by directly connecting your wallet or registering via email.

5. How to clear borrowings before migrating account?

IMPORTANT you must pay off the borrowings in full before migrating in order to ensure that there are no obstacles to the migration process.

You can complete repaying on migration page. For details, please follow this manual.

6. How to migrate?

Visit DEFED Homepage and connect your wallet to log in. On the top banner click "migrate" and "sign" to approve the migration process. Once the migration is completed, you can click "Go to V2" to visit your new account Read more about migration process here: https://mirror.xyz/defedcommunity.eth/uaMTbof_GaGfzFCz9Fv8UYBRsV4T03D4TothVhH_NFM

7. My migration is pending, what can I do while waiting?

If your migration does not get approved within a few mins, please try to log out and re-log in again. Click "Migrate" after you re-logged in and if problem still persists, you may contact us by creating a ticket on our Discord.

8. What are the risks of migrating accounts?

DEFED has created a clear process for migration and has conducted repeated checks and multiple rounds of testing to ensure the security of user assets and pre-existing account systems throughout the migration process. You do not have to worry about the risk but if there's any concerns, you can contact our team by creating a ticket on our Discord.