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Caution When Claiming EDGEN Tokens to Avoid Asset Loss
Individuals planning to claim EDGEN tokens onto their wallets tomorrow should remember that the claim will be processed on the EDGEN CHAIN (the edgen's own blockchain). To prevent potential loss of funds, avoid rushing to send the tokens to a platform immediately after claiming.
Currently, most exchanges list EDGEN tokens under the Ethereum network. You may need to bridge or transfer your tokens to the Ethereum network before sending them to an exchange.
Sending EDGEN directly from the EDGEN CHAIN to a platform address on the Ethereum network could lead to loss of your assets, as many platforms do not support EDGEN deposits on its native EDGEN CHAIN network anymore.
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AI Analysis
The advice highlights the importance of understanding network compatibility when handling EDGEN tokens. Since EDGEN currently predominantly appears under the Ethereum network on most platforms, users ...
AI Recommendation
The recommendation is to verify the network support status of EDGEN before claiming or transferring tokens. Users should wait until the bridge process is completed—if necessary—before depositing on an...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.