Fry 1.0 Conversion Guide

How to Convert Your Fry 1.0 to Fry 2.0 or fNODE (with Vesting) – Step by Step

Overview

This guide explains how eligible participants can migrate their existing Fry 1.0 tokens to Fry 2.0 or fNODE through the Fry Networks Dashboard. Eligibility is limited to accounts that held Fry 1.0 tokens at the official snapshot.

Snapshot Details:

  • Snapshot Date: December 1st, 2024, at 00:00 UTC

  • Algorand Block: #44866969

This token migration ensures continued participation and utility within Fry Networks' decentralized infrastructure ecosystem.

All conversions are subject to a 12-month vesting schedule.

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Before You Start:

  • Your account must hold the complete eligible balance of Fry 1.0 tokens at the time you initiate the conversion.

  • If your account balance is below the eligible amount, you can obtain additional Fry 1.0 tokens or redeem pending tokens from your dashboard to meet the eligibility requirements.

  • Upon conversion, all Fry 1.0 tokens will be permanently transferred to an inaccessible ("burn") address. This action is final and irreversible.

Step 1. Access Fry Dashboard & Start Conversion

  • Go to: dashboard.frynetworks.com

  • Sign in using the account(s) that held Fry 1.0 on December 1st, 2024, 12am UTC (snapshot date).

  • Click the "Fry 1.0 Conversion" button.

Step 2. Check Account Eligibility

  • Click "Check Availability".

If your account is not eligible (was not holding Fry 1.0 at the snapshot date):

  • You'll see a red error: Not Eligible for Fry 1.0 Conversion.

  • If you believe you should be eligible, please check any other accounts you may have used at the time of the snapshot. If you still need help, contact our support team via a Discord helpdesk ticket.

If Your Account Is Eligible:

  • A green banner stating: "Fry 1.0 is available for conversion." will appear.

  • Your current Fry 1.0 balance, locked amounts, and total eligible amount will be displayed.

  • Click "Start Conversion" to begin the migration process.

Step 3. Preview Conversion Details

  • Select Conversion Type:

    • FRY 2.0 (convert to Fry 2.0, 1-year vesting)

    • fNODE (convert to fNODE, 1-year vesting)

  • Review:

    • Your eligible Fry 1.0 amount

    • The exact amount of FRY 2.0 or fNODE you'll receive after conversion (amounts are subject to conversion ratio/vesting)

  • Click "Convert".

Step 4. Confirm and Sign the Conversion Transaction

  • Your connected account (Pera or Defly) will prompt you to authorize the transaction to permanently transfer your Fry 1.0 tokens.

  • Ensure your account currently holds the required Fry 1.0 balance (matching your snapshot balance).

  • The Fry 1.0 tokens will be sent permanently to an inaccessible ("burn") address.

  • Upon successful completion, you'll see a green banner:

    "Conversion Successful. Return to Fry 1.0 Conversion to begin the claim process."

Step 5. Access Your Converted Tokens

  • After completing the conversion, click "Fry 1.0 Conversion" again to open the panel for managing your converted tokens and viewing your vesting schedule.

  • You'll see your Total Converted Amount and Currently Accessible Amount (1/12th of the total, released monthly).

  • Click "Claim" to access and transfer the available portion to your account.

Step 6. Confirmation & History

  • Upon successful claim, a green banner will confirm: Claim Successful! You've received 1/12 month's fNODE/FRY 2.0...

  • You'll return to the conversion page, which now displays:

    • Updated token release progress

    • Remaining accessible balance

    • Transaction history for this account and token

Key Points & Troubleshooting

  • Eligibility: Only accounts holding Fry 1.0 at the snapshot (Dec 1, 2024) are eligible for conversion.

  • Required Balance: Ensure your account holds the full Fry 1.0 amount matching your eligible conversion total.

  • Token Release Schedule: Converted tokens follow a 12-month release schedule; 1/12th becomes accessible each month.

  • Monthly Access: Revisit monthly to access the newly available portion of your converted tokens.

Contact & Support

If you have issues or your account shows as ineligible but you believe it should be, open a helpdesk ticket with Fry Networks support on Discord : https://discord.gg/frynetworks.

End of Guide.

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