Swap ERC-20 AMB to Native AMB — For dummies

Ambrosus (AMB) is undergoing a swap from ERC20 to Native AMB. Here are the instructions to get you through the process.
Update 13–11 Binance has completed the swap.

Which tokens to swap?

If you bought on Binance before the swap (13–11–2020) and then sent it to Trezor or Ledger without swapping, these still remain ERC-20 tokens. You may want to put them temporarily back on the Binance exchange in order to benefit from the automatic swap and then withdraw in native again.

If you still want to continue manually (the hard way) you can use this guide to manually do the swap via the bridge.
Update 01–12 The bridge is no longer available.

Which tokens do not require a swap?

AMB Tokens on Kucoin, Probit, P2PB2B and Binance are already swapped. For those you don’t need to do anything. Same goes up for tokens locked up in nodes and payouts rewards, those are all native tokens and do not require a swap.

Scam warning

There are scammers monitoring the TeleGram channels claiming to be Ambrosus official support. Never provide your private keys in private messages or enter them on Google Forms unless you want to loose your money to your great great uncle in Africa.

Step 1. Install MetaMask

To get started, you will need to download the MetaMask Web Browser on either Chrome or Firefox.

https://chrome.google.com/webstore/detail/nkbihfbeogaeaoehlefnkodbefgpgknn

Step 2. Setup ERC-20 network on Metamask

Open the MetaMask plugin. If you have not used MetaMask before you need to create an account via create account. This account (address) you will later use to send the tokens from Binance to.

Open MetaMask, click on tokens tab and then click on “Add token”. Enter following data:

• Token contract address: 0x4dc3643dbc642b72c158e7f3d2ff232df61cb6ce
• Token symbol: AMB
• Decimals of precision: 18 Click “Add” and you will be able to see your ERC-20 Amber.

Step 3. Setup AMB-NET native network

Next, we need to set the native network.Click on network tab (top bar of MetaMask window, between logo and avatar icons). — then on drop-down menu, choose the last option (“Custom RPC”).

After selecting “Custom RPC”, on the popup window, we need to set the network URL address (New RPC URL) option and enter the following RPC hosts depending on the network you want to access and click “SAVE”:

Main-Net: https://network.ambrosus.com

Once you have done this, you simply copy paste the network URL into the area entitled “New RPC URL”, pick a name, set the token name to AMB, and set the chainID to “0x414e” — then press save. This connects your MetaMask wallet with the Ambrosus Network.

Step 4. Transfer tokens Binance -> MetaMask

Transfer the AMB ERC20 tokens from the Binance exchange to your address from step 2 in MetaMask you want to swap. You can copy the address easily from MetaMask.

You also need a few dollars of ETH (Ethereum) for transaction fees on this address.

Step 5. MetaMask select Main Ethereum Network

Make sure you have selected “Main Ethereum Network” before proceeding to the next step.

Step 6. Open the bridge

You can now open the bridge via https://bridge.ambrosus.com

On main screen select option Transfer funds between networks.

To continue with the MetaMask mode please click MetaMask button at Access method menu.

Please read the following instructions and Ambrosus Terms & Conditions. To be sure that you’ve read the instructions please type the verification phrase into a field. Once you accept Terms & Conditions please click Continue button.

At this step Bridge will automatically establish connection with MetaMask. Make sure that you are logged in MetaMask and connected to Network (Ethereum Mainnet )

After connecting to the proper network, you will see the screen with your balances on both networks (the same address is using for both networks) and the field which indicates Amber amount you want to transfer.

After you’ve entered the Transfer amount click Continue to start Transfer. There is a payment fee for each transaction (100 amb).

On the screen, you can see information about the transferring process. Also, MetaMask popup shows with the transaction details. To transfer the funds you have to confirm two transactions in the MetaMask popup. The first one is AMB token contract acceptance, the second one is sending an AMB token.

Warning! On the second bridge transaction Metamask may miscalculate for an extremely high transaction fee. In this case click the edit/advanced button in the Metamask fee UI.

Enter the Gwei according to the current rate from EthGasStation for example 120 GWEI and set the GAS maximum to 150.000 to get it to work for a reasonable cost.

After the whole process is finished balances on both sides are updated and you can make Another Transfer or use Status Checker to see transactions status and history.

Please note; The wallet address before and after the swap remains the same, you just need to toggle the network. Your native AMB can now be found under AMB-MAIN net.

Toggle to AMB Main net to see your native amb

The process is now finished and you now have stored your native tokens on MetaMask.

Hardware wallet

Be aware there is no hardware support yet for native AMB so do not transfer them to your Ledger or Trezor etc. Hardware support is on the roadmap. In the meanwhile you can keep them on MetaMask.

Do not transfer native to Binance

Please do not transfer your fresh native AMB to Binance until Binance swap completed. Transferring prior to swap completion will result in a loss of your tokens.

Node running

Since you now have native AMB you can consider to run an AMB Masternode. Below is a guide to get you started. If you decide to run a node after reading this guide, please mention my nickname in the onboarding email (Jerome5) to the tech team in step 6.

The Nontechnical Guide to Onboarding an Ambrosus Masternode — Hetzner Edition

For more information on the node and tiers see the community wiki:

ambrosus/community-wiki

Credits

This guide has been put together by using existing materials from:
https://blog.ambrosus.com/full-transition-to-native-amber-7eb236590d5b
https://medium.com/@vladtrifa/how-to-connect-to-amb-net-with-metamask-6964c71e217e
https://bridge.ambrosus.com/Instructions