Bitcoin Forum

Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless

MZI swapped to MZG
NXPS swapped to PUNdiX

I hope others will learn from this

Some projects will allow you to swap their tokens so you can contact them to know possible solutions. And this is a real problem if you wants to invest on shit coins in long term, you have to keep in touch with the project all the time if you don't want to lose your assets.

You can only hold coins like BTC and ETH without looking back, this is your fault but good that you've learned from it, any coins or tokens that aren't oldy and on top of 10th position I would always watch then very close and In fact plan to hold them for short term only

If you hold a token, you must know how they progress. If the token is going to swap, of course the investor will be given time to swap. Some projects have deadlines and some don't, that's the reason why you should monitor the progress of the project.

To say the truth this have happened to me as well, very long time ago when I was still new to crypto and blockchain tech, this is a normal thing to happen to most newbies and later as time goes by they will learn, it's just like trying to figure out which project is the best to invest money on and which project is a scam, crypto lessons can't be learning in a day 

I think that's the developer's fault. The holders deserve the swap service that will be last forever. It's not fair for the old holders that didn't get any information regarding the swap will get useless token.
MZG was a garbage coin but it's not for pundi.
There are some services that gave the old holders ability to swap its token forever.
The team who has been giving deadline to do the swap just like cheating its old holders.

Happened to me as well back in the past. What I hate most about it is often the very short notice and deadline where they start excluding holders from the swapping process for essentially no reason or even in an illegal way. I mean, if you didn't check your coins for 3 yeas, that might be a bit different. But if they only give you 2 weeks or a month that is an outright scam to me. You could be in hospital or for whatever reason not be able or willing to check your holdings.

Can't they offer you any alternative?

i think it's half of your fault too because you don't read any new update regarding the token/coins that you are holding

You definitely aren't at wrong if you're an investor and the developer didn't send you a warning or notice before hand, even that they should allow anyone who holds their coin to swap it at anytime without setting the due time, if they don't it's the same as scam or thief then.
The developer themselves should know that their projects aren't really the center attention of their investors and each investor have their own life, as an investor we can't really always watching the news regarding the project 24/7 that's just ridiculous and really these kind of token swapping deadline is bullshit and should be considered as scam. I've experienced once and I'd easily consider it as the most excruciating experience ever in crypto.

I don't know about the OP's case, but the project party should have provided information or at least explained to their holders that they are going to do a token swap, right? it looks really weird if they suddenly do a token swap without giving any information to anyone, btw, communicating to the project concerned and monitoring the altcoins you invest in are fundamentally important in investing

Well, I am really skeptical about this.  Do you invest or does it come from bounty, airdrop?  First of all, I am glad you have kept it as an investor.  But you do not treat it as a spiritual gift or an asset.  Why don't you pay attention to their movements? 

The project is not just a roadmap.  It may need voting power from the team if they feel the direction on another platform / brand is their development.  Similarly, some have parallel renovations between ETH and BSC.

Even if you have chosen to be a long term holder for those altcoins, you still need to update yourself whether there's a migration to its mainnet or there's a swap that's about to happen.
It is our responsibility to keep ourselves updated on those things because it is our investment. There's no one  that will update us but we should be the one to take the first action in knowing what's happening with our tokens.

This also happend for me. I has hold my token like Daneel and HDAC and now they has worthless. My Daneel hold on Idex and now Idex has changing there services and I lose my token. I also trade some token in some market, and now that token was unlisted on the market. This will be a note to me and I will never hold for new crypto, just stay on large crypto coin for invest.

The price of the Pundi coin was quite well last month due to the swap proposal I also sold my Pundi coins before the swap taking place and I got good profit even I also lost some bounty coins where I was not active and did not take the action at the right time and later they did not entertain my request. We have to always check social media accounts at least once a week to know the developments or updates about the coins you hold even Pundi admin was quite active on social media. I think you did not swap the token for a new one that's why you lose your profit. So always keep in mind always check the progress or updates of the coins you hold so you won't face this problem again.

If you have a lot of altcoins, you can pay more attention to his community or Telegram Twitter and other related latest information.
Once there are new changes, it can be realized or exchanged for other mainstream currencies as soon as possible.

Well at least that is a lesson learned from you. Swapping your potential coins into new coins isnt a good idea afterall. You are unsure that those newly created coins will have a value. Jjst like what happened to you, you exchange it and regret it afterwards because it was all shitcoins at the end.

Always have a good background check to those coins before swapping it next time. Or for your own sake, just  choose those altcoins that have already proven their ability and are well established that worth to hold in a longest time.

Why your holding become useless? Where are you holding these tokens?

Recently Jibrel network was swapped for Slice (I guess I spell correctly). But, they sent Slice tokens to all Jibrel holders. So, nothing effected me negatively due to their swap.

In the past I have encountered similar swap for Peculium into different contract address. They also sent new tokens for my addy.

If you are holding those tokens in your desktop or mobile addy then check for new tokens. Or you may refer for procedures to obtain new tokens.

if all the token doing the same like you it will be great for all the people that chosen to hold it long term


but the main Problem that OP has is the procedures to obtain the new tokens have been completed and there is no way to swap it again

This is sad, there's nothing you can do about it? what about asking them in their telegram group? I think there should be a way to retrieve those tokens again. If not, then this is the first time I heard of it. When you don't check the progress of the coins you are holding then this most likely happen. You cannot leave it like what you are doing in the past years. Yeah! you're right this is a lesson for you and for us too. thanks for informing us that this kind of thing exists in the crypto industry.

I must agree with many previous comments here. If you hold tokens from the second league, you must constantly follow their announcements and changes.
I had some NPXS tokens in my wallet and if I remember correctly this is his 3rd swap int he history. It seems to me that the only progress they make is through the swap. A lot of tokens will be lost through a swap, and thus reduce the circulation volume of the token.
Swap is nothing more here, just a way to keep supporters active and they seem to form a closed group of holders. It’s certainly not attractive to have in your portfolio.

When I first entered the cryptocurrency market, I made the same mistake as you. Due to lack of experience and understanding. And most people make the same mistake.
We must always keep an eye on it so that we can swap in time. Otherwise they will have no value. Hopefully your share will reach many new people. And learn will learn from it

sometimes those mistakes can be hit by anyone, okay maybe now you have these errors. but believe me you can make learning if you hold a coin you have to know the progress of the coin. and your decision is correct to change to purse rather than nothing

This happened to me before and it was really frustrating that after a long period of holding, we'll still lose the value of what we have. I didn't stay in touch with the previous project that I had expecting that holding my altcoins would be enough. From then on, I realized that it's still better to invest and hold fully established coins rather than new coins.

If you are an investor it's a protocol to keep yourself updated with the project you are holding. The kind of action coming from the developers
are really important to track down, failing to do so you'll lose your investment.
Swapping of coins mostly being announce before they'll going to process, you have time if you monitoring the development of the project, the
only thing now is to coordinate with the team and try to check if what you can do with your assets.

developer might finds of difficulty as completing jobs with chance of manufacturing product or initiating service for public of audience as they have to put focus on different point on objective. that more on following terms as the proper supports on backup, the project might be back available again for buyers of product or investors.

Thanks for sharing your story here. I think everybody who stayed long enough in the alt coin market has stories like that to tell. For me the worst thing I did with alt coins was a few years was when I was gambling on Doge coin. As soon as I made a small profit I just exchange the coins for Fiat. I wish I just had kept them for long term hodl. It would have been wonderful to sell them this year.

I'm sorry to hear that. I was like you too, I've tried to contact the dev via their telegram group. but they said the swap process ended a few months ago. so that my token is no longer valuable. this is a mistake that we make, if we hold the token, it is mandatory to follow its development, but I prefer to wait for the price to change. I really feel stupid :'(

This happened because you fail to do what is necessary to follow up with update about the project you invested on, holding coin don't mean you shouldn't follow up from time to time to see what is lattest with the project,
there was a coin like that i use to hold, similar case happened to those where not very active in the telegrame group of the project, after severaal weeks of swapping to a new contract, those inactive guys keep coming to complain about not able to swapp and how their investment have gone to waste, but in all sincerity, the fault was not from the team but from the investors who stayed away for so long without tracking their investment.

What kind of notifications do you get? This is a lesson not to trust someone too much even though you are familiar with social media. There are many ways people can find out about your finances so they can take it. You should really understand the meaning of the above.

This is indeed a very big problem for token holders, especially now that the ethereum network is experiencing big problems with high transaction fees and many projects are moving to other platforms such as BSC.
For various reasons, we may not know about the exchange of tokens, and the project team sets a short time for this. Indeed, it would be fairer if one could exchange them at any time. Otherwise, it looks like cheating. Now there are already more than 9000 different types of cryptocurrency and this must be taken into account.

Yeah the "bad" thing about crypto is that even if you just want to be a longtime hodler and are not planning to touch your coins for 5 years or so, you can't just completely forget about them for that long period of time. I personally had this with Modum and SMARC. Both of them swapped their tokens against some kind of shares and for that you had to download a app first. Then send your tokens to a burn address, do KYC. So if i would not have checked on telegram from time to time or here in the forums i probably would have missed that and my Tokens would be completely worthless now.

Yes, that is normal to have that bad feeling, especially if we know the news but we are too late to execute. But maybe we can still have a chance to make a profit by searching for more news about the tokens. I am sure that we can still get benefits for that and we need to be patient to find that way. This lesson needs to be our concern so we do not miss something from the projects.

This is incredibly common, sometimes this is done because there is a legitimate need to swap coins but many times this is an attempt by the developers to try to make people lose their coins and cut down the supply and maybe even keep those coins for themselves, the only coin that you can hold and forget is bitcoin, every other single coin should not be held that long and you should at least check the official channels once a week so this does not happen to you.

I think its not any complicated issue. You can easily contact with dev team they will help you to convert old token to new token. I had few NXPS and i sold that if i had i would contact the team and will convert into new one. So don't get panicked.

If there are chances to swap maybe you can swap only follow what is the way to do it. Usually swap will give people time to do it and it is worth to do. If me for investment i prefer holding coins that already in market. About swaps usually in market they already automatically swapped.

I always try to hold my money in decentralized coins. Sometimes i need to hold centralized coin but i always try to hold in popular coins.

And, As i khow, Team give chance for swapping token. If you missed date, then nothing to do.

If you are holding some tokens, you should keep yourself updated so that you won't miss any important news such as token swap.  It is your fault for not following their announcement or updating yourself on the activity of the token you are holding.  Before the swap, they announce it months before swapping.  But I can relate to you since I also missed swaps of some of my holdings but the owner shouldn't limit the timeframe when to swap their token since if they do, the purpose of their swap is to caught any holders off guard and keep the unswapped token to themselves which is the same as scamming these uninformed holders.  

Well, yours is better that you know where they switched to, so you have better chance that you can contact them through their social media pages, website, or whatever means, and see whether they can be able to help you in any way. That’s much better than someone that bought and stored a particular coin at the rate of $15 only to come back and it is worth nothing at all, all of them are just worth $0.

But you’re still right though, that’s why it’s good that if you’re buying coins you should not buy too much to the extent that you can’t keep an eye on them, and also wen you make an investment you shouldn’t keep your eyes off them, you should make sure that you have your focus there.

By Keeping coins, you should be updating yourself regularly. You never know what will Happen just like in your case. Announcements are made I believe when they are about to swap or switch their coins and if you haven't heard of it, then your at fault at this. Try reaching for them, they might have a solution at hand cause you might not be the only one got passed.  Then again, Thanks for the concern. 

Unfortunatelly it happens very often..

Choosing the right coin at time of investment is the key to success. Most of us choose coins that are cheap and have catchy slogans, ideas, website etc. Most of such coins turn out to be shit coins. If you are to invest in altcoin then choose solid coins like ETH, Polka, BNB etc.

It wasn't all your fault actually but you are somehow responsible with all the token you just lost. Whenever a certain coin will make progress or change, they will surely announce it to those who are currently on hold, if you missed it then unfortunately you cannot do anything about it anymore. You can still try actually to contact them and ask if they have a solution like letting you swap the tokens you have to their newly updated one but if they wouldn't allow it, sad to say but all your tokens are really worthless. Atleast you learned from your mistake, let this be a guide in order for you to avoid experiencing the same thing once again.

Some of them have a longer period for swapping old tokens.
It happened to me with CRPT but I managed to swap them even though the swapping period was over.
If you have a large amount of those coins you might want to contact the team.

I guess all the coins that we are having right now is both centralized and decentralized with respect to what OP is mentioning.

All coins are centralized because one or many devs control it and they may decide at any time for any kind of swap which is the major problem right now OP is facing.

Most of the coins are decentralized because they allow mining.

So, you may not prevent the problem what OP is facing just by choosing decentralized coins.

Kudos to the OP for letting us know more about token swapping, I expected the developers  of those swapped tokens to allow hodlers to swap them at their convenience without a time limit, because a lot of hodlers might not  be aware of such a swap, losing a hard tokens due to swapping amount to dishonesty and untrustworthy on the part  of the developers, this is a wake up call to all unpopular tokens hodlers to always catch up with the latest news about their respective tokens to avoid this kind of touching stories.

Yes, it's a hands-on experience, sometimes it's not your fault, but you're affected.It's unfortunate, very often happens to people
It is better before participating to learn about them, to capture information, find a way to contact them, so that they can come up with a solution for you.
We invest and we have to keep an eye on them. Hope your sharing will draw on others.

Isn't that how you should be holding your coins? Invest in bitcoin, ETH and other well known coins. Keep holding. Don't think about it. Don't obsessively look at your portfolio. Don't look at the value of your portfolio. And when time comes, and the media goes crazy about the bull run, have a look at it and decide if you want to sell or not.
But this is the first time I am hearing that coin/tokens can swap to some other tokens/coins. I mean, why and how? Aren't you able to claim the new tokens as long as you hold the old one? That would be so stupid if you can't.

There is one thing that really deserves to be taken into account when wanting to HOLD cryptocurrency. namely ensuring that the coins can last during the investment period or HOLD that we are planning. If it does, then we don't know what the future of the coin will be. hence, I personally only use top altcoins for long-term investments. Meanwhile, some altcoins, especially the newest ones, are only used when trading or short investments.

well the unexpected occurrence as a result of improper orientation when entering the crypto world is part of what cause things like this as well as the get rich quick mindset. thats why people just leave their asset with annoyance and when things later come up positive, it turns out to be missing out like this. i hope investors will be properly oriented.

that's the risk of holding a shit coin, try contacting the developer to discuss serious matters that have happened to you, and usually before changing their coin they first give a grace period to sell or exchange the coin, but if you don't monitor the progress of the coin it means it's purely your fault yourself

So many people are always loosing caused by this policy. Could not the team create a swap service that will exist until all of people will have swapped their coins? The team can at least try to do swap to the all of coins.
I would like to call the developers that were using this policy as scammers. The investors who have invested their money deserve more than being scammed with this policy.
There should not be more developers use this policy. This is a scam.

So the saying that says 'buy and forget' is really not that good in any case. Once you invested on a project or a certain coin, you should always be active on their social media accounts so you'll be well-informed on what's happening. That's really a disappointing experience since whenever you invest into something, you have good hopes about it and some good expectations but those hopes turned to hopelessness.
You're thread is a good reminder to all of us to remain active and well-informed even if you're planning a long term deal.

you are not alone, so don't be too sad. sometimes we have to pay dearly for a lesson, right? I am sure that after this you will become a new person, be more concerned with what you hold, and be more active in checking project progress.
make these mistakes a lesson, then evaluate what you have to fix.
a little advice from me so as not to repeat the same mistakes:
- turn on the telegram channel notification of the coins or tokens you hold
- join all the social media projects you hold

Moozicore! I have a lot of information. First, I want to remind you to follow a telegram group of all new and old. This kind of problem we face in the ERC-20 blockchain tokens. Own blockchain coins never do that. There must be a good lesson either by coin or be active in a telegram group. Another suggestion is very risky, hold your tokens in exchange but exchange must be trusted, even though you must be active on all announcements.

i can understand the team is looking for something that will make transactions easier and cheaper but at least don't set dates to not allow swapping. keep it forever.

its frustrating to be doing some swapping while the team or anyone else doesn't even share the page of how to swap it to BSC or to new contract. the first tokens i have invested in crypto like iconomi (ICN) also did this swapping and then i lost track of the project because the team is just a disappointment. now they don't even want anyone else who to swap the old ICN and i still have thousands of it.

There might still be a chance to convert that old token into a new one, just contact them directly and know what to do.

This is the reason why we should not just hold and forget, you have to monitor it from time to time and see if your holdings have some changes so you can update your token. We have to learn from this, long term hodler must visit the site at least twice a month and remember that this market is 24/7 anything can happen at instant.

Doesn't this mean you can just follow them? Do they provide a means or mechanism for doing the swap? And if they allow then just follow the steps. Maybe they also do this for a certain good and with good judgment.

I personally am not too interested in buying new tokens, only those who are already on the top exchange with quite a lot of trading volume.

I also suggest that if you want to buy and save long-term, then feel free to choose long-term coins.  The number is on the market and the use of these coins is already popular in the community.  That way there will be a big chance of profit in the future if the coin goes up in price.  At a minimum, the coins are safe and do not disappear from the crypto market.

It shows that they don't really care about their investors, all they are looking to do is to make some profits with their changes and will let their project stranded at some point so avoid investing in shitcoins for long term that is my investment advice for the crypto newbies.

That is why as an investors especially for new projects must also be aware of the project development by simply joining their telegram group. Because most of the times after buying their tokens, we just hold, and wait the market will pump  but sometimes we neglected to hear any important updates just like it happen to OP. Though I'd never have that kind of experience we never have to wait then that it happens to us, anticipation to such possible event is vital.

Next time download blockfolio app and add every coins and tokens you have in the app for tracking, you will know their worth or value and so be up to date with whatever the project teams are planning, this is why blockfolio app is highly recommended, you won't miss a single update

AFAIK the period given was long enough for long hodlers to be aware of the swap.

And at the moment you realized it's too late, you can reach their respective devs and see if they can able to work something. I've remembered in Icerock, there was a swap into IceRockv2 and I was 6 months late. The devs still allow the swap but it takes time.

Do you coordinate already with the devs the moment you realized that you are now hodling useless tokens?

That will happen if you take the right decision and when you sell the price has increased and after all that ends the coin acts useful. I also had the same experience with selling coins that had a very high price and now become junk that is not so valuable.

Yes, that's a good idea. We must always track the progress of the project, they will release statement regarding what are their future plans or even they will about to be close. Downloading tracking app allows us to monitor our tokens and give some fundamental analysis when to buy or sell. I also have still atlant in my wallet, and I'm not happy about how they execute their payment after they required KYC in distributing token, I didn't recieve after that. Now the price is low, and it's not worth the time I spend joining them but I still lucky that I be able to get profit to them. I'm still blessed and thankful not everyone get paid.

What kind of tracking app, you are referring? Do you have any particular app with efficient alarming set up? Honestly I'm looking for such app for long time because usually I missing to book profits for all of my tokens when they are peaking.

Moreover, I tried to be active on few of telegram groups so that I will be getting latest update on famous tokens and coins but those group people are mostly suggesting about pump and dump coins but never giving any update on swapping kind of things. I guess I must need any android app to make me informed all the times.

To say reality this have happened to me too, extremely quite a while past when I was still new to crypto and blockchain tech, this is something typical to happen to most amateurs and later as time passes by they will learn, it's actually similar to attempting to sort out which task is the awesome put away cash on and which venture is a trick, crypto exercises can't be learning in a day.

Crypto investments require almost daily involvement and monitoring, IMHO.

And yes ... swaps take place ... leaving behind tokens without value ​​...  ::)

I doubt it. Maybe if the developers use it for crucial updates as well but that is unrealistic. The only thing you can do is follow the channels that those developer teams use for communication. Set the alarm for thread updates. Other than that, I know too well what it means to not follow a project or the thread for a longer period of time and then you come back and poof, swap and money is gone because you missed a short notice deadline.

unfortunately it happened to me too, i wanted to do a long term hold strategy and i have not followed the market every day (which should always be done) and i have lost the announcements of various swapps and now i find myself with useless tokens, worthless that  can not even be moved anymore in particular i am talking about aeternity and nxps, we must always be careful we risk losing a lot of money

Not aware that existing coins would be swapped to another when others are still holding it.
Well for you, OP. I am not aware of those coins you held, but for sure it wasn't that coin that would last overnight anyway. Take a lesson that a lot of altcoins aren't for long-term holding.
It could be because they're pump and dump, hyped coins, or simply just shit project making shitcoins.

Have you tried to contact the team about the old token ? They should not limiting the dead line of the swap.
And, you should pay attention of the project you invest man, you will never know if something good or bad happening in the future.
On every coins i invest, i usually get into their social medias such telegram group, twitter, etc so i know what is going on and keep updated.

Absolutely, I had the same happen to me!

I'm not familiar about MZI (possible that is a shitcoin) but I'm familiar with NPXS and I tried to buy it before the swap but I made a last minute decision not to.

If I remember correctly, there is a specific timeframe of swapping these tokens although there are some that gives the holders unlimited time to swap most of them just sets a specific time frame where the holders can swap it. Maybe there is a mistake of the developers with their ruling but as a token holder, you must be updated on what is going into the project. Why did you bought the token at first place if you will just store it and will not be updated. Its the mistake of the OP too not monitoring and not updating himself with the token he is holding.

Now for those token holders out there, be updated with the token that you are holding. Join their telegram and discord groups to get updated so that your tokens will not be useless.

I suggest you to add an informational notification from the official telegram of the project, I have seen the latest information about PundiX and I think some exchanges have provided information about it, never miss any information on the coins you hold, because from there you will get a chance to get more profit

Well, it was a bad experience, but it also taught us that we need to check for every update of what we have. Anyway, if something changes like a swab, we'll know. however, if it is too late, the assets that we will hold in the long run will become junk coins. nevertheless, keep an eye on the development of the information on what we hold. because with that you can know whether the coin deserves to be held, or sold.

It happened to me, good thing I open their telegram channel out of the blue and saw the swap. The reason why my tokens are not became useless, in fact I already sell it last february.

Thats why its a must to follow the social media sites of the coins/tokens you hold for updates and progress. Tokens can turn to shitcoins especially if they have no real use case, its quite risky. Hence much better to invest on well-established coins so you dont need to worry that it might delisted on exchanges and worse become useless.

Maybe the developers could create more coins during the swap and put it into a trusted fund with a large multi signature requirement. Perhaps signatures from extremely trusted members on this forum. Those who miss deadline and come late have to pay a commission to those providing the multisignature services.

That way you don't have those issues with these absurdly short timelines that some people simply miss and then just lose their coins.

I would rather pay 10% commission than losing it all just because some developer decides I am late and now am left behind with empty hands.

Using tracker like blockfolio along won't help if we don't get any information about the project progress.
Token/coin swap is the most crucial event for investor because we could lose our coin/token if we missed the swap.

This is why it's advisable to always follow the media handle of any token one hodls. At least, stay in their telegram and Twitter. That way one gets to know the goings on with the project. I once fell victim to this but I have corrected myself. I now have a different approach as I buy and then connect to project's group to feel what the pulse of the project is like. How does one even get to know if a project is going to dump if one doesn't follow them?

However, OP doesn't seem to be losing much with Moozicore (MZG) as the price currently stands abysmally at $0.00098658. To be frank, that token even looks abandoned as the last time it got updated was 22 days ago.

Not only advisable but seemingly mandatory. The difference is that in a stock market there is nothing you have to do when a stock split happens. It is automatically done by the portfolio manager or your bank. It should be the same in crypto if possible.

If someone isn't deeply into crypto but wants to get invested, that someone might have no idea about swaps and all the other terminology that is out there. Now you come and say that person shouldn't invest. Nah, we want people get involved right? So those of us who have an idea, at least a better than others should push for procedures that make it easier for others to understand and being able to follow up.

The token swaps into a new contract is just giving you the idea how much of a scam the project is.
It is also worse when it just has a very small window open for holders to make the swap.
It is a practice used 99% by scams that just want to make their shit token more relevant.
I remember this moozicore as having no potential at all, of course they would follow the recipe of swaping to a new contract.

Each holder must join the related project discussion group to get every update, I was previously a pundix token holder and my wallet automatically swapped new pundix tokens after the project had a new smart contract. Now pundix is making new tokens again so it's very confusing because we have to follow every swap process differently. I only advise you to contact the team in the telegram group and hope you receive the latest pundix tokens.

That's the weakness of tokens, tokens can never be used as a safe long-term investment, if you want to save them for the future and don't need to look at exchanges again then you can buy coins that already have their own network such as bitcoin, ethereum or BNB. so it is unlikely that it will swap again.

it can't be denied that it happens a lot. Even though holding coins is safer than others, we also need to be alert and continue to watch the crypto market so we can know the movements of the crypto market. It's also important to hold coins that do have good prospects for the future

You should contact the altcoin development team, because many altcoins are swapping but all old altcoin holders will be given new altcoins at a ratio determined by the team. maybe you didn't contact them or you were late for a swap so you don't have altcoins. because I've experienced this before, but I was given new altcoins after they swapped.

When NXPS is swapped to PUNdiX ,. I don't hold. then the price went up many times. I regret selling it too soon. now the price is down. Aren't some exchange support for swaps? so that the token you mention is automatically swapped to the new altcoins. so it has value

No that is exactly the problem. Most of the teams refuse to exchange those swapped coins after a (mostly way too short) set deadline. That is what I criticize because it has nothing to do with the real world that if a swap happens you can lose your investment just by not paying attention for a while. It's not that the price dropped but a technical requirement and action from your side that you just didn't pay attention to.

Sure you could blame the respective holder, but there might also be investors who are not that familiar with procedures like swaps. They might think they invest once and check it again a quarter later. Another solution must be found for that rather sooner than later.

Then the problem you face I think you have to contact the manager so that you can get back your moozicore, and many projects do so but all followers can get results even though they exchange for new coins, this is the risk if we invest in the long term but we never follow the development of information from the coin.

Some people have a habit of not keeping up with updates relating to their investment, i know sometimes the team don't give enough time for this type of information but there is no way the team will not inform the community about an upcoming swap to prepare them and give details how the swap will be carried out, but some investors don't also do their part in following up, they will buy a coin and just disaapear for a long time before coming back, by then a lot has already happened.

this happens to a lot of people who holding without paying attention to news about the development of their coins, and most old coins can be swapped to new coins, you should look for info about these coins first, usually I will look for info on the offcial coin telegram and ask the admin in charge

Usually those who don't have initiatives to check for the updates are the one who suffer from this, before and foremost you should research everything first before you participate investing with certain assets.

Many of those who unable to swap their coins forget about checking the site and see what are the developments inside.

The team  mostly provide announcement and following them from time to time is more healthier with your invesment, you can
move and decide accordingly if you fully understand and you are really updated with any actions that the developing are up to.

yes, that means the developer has changed their token from MZI to MZG, so don't hold onto a token whose origin is unclear for too long and don't invest too much in the unlucky coins as you mentioned. My advice is that if you want to invest in the future, you should just invest in tokens such as cardano, ethereum, bnb and bitcoin

The NPXS swap will run until March 29, 2022. During this period, you can swap your old Pundi (NPXS tokens) for new PundiX at any time.
In addition, now you can sell your old NPXS tokens on several exchanges for the same good price (in swap ratio) as the new PundiX.

it is still possible to do a swab for the token mentioned. even the NXPS gave long enough to finish in the next year.
I myself have been left behind in swapping CAS tokens and that means I have to wait for it for the next year period.

It is true what you say at least before investing in coins we must do research first,
because by researching we can find out what coins have potential and so on,
Your advice is also good because we know for ourselves that the coins you mention are of course no doubt

I've experienced this before in 2017, can't remember the name now but held and mistakenly deleted their telegram group when I was randomly deleting groups of useless airdrops and bounties, for over six months, a day came when I needed money and was looking for some altcoins to sell, I went into my wallet and started searching one not promising enough but has good liquidity for me to be able to sell, so started visiting forkdelta market for each of the coins, I discovered that this particular coin had no buy or sell order, at first, my heart flew, cus I thought the project turned scam, I digged and got a link to their telegram group again, joined and asked what happened, I was told the project moved to a new smart contract 4 months ago, I asked if I can still swap mine but unfortunately, they said the swap smart contract is no longer available, that was how I lost my money, really a great but hard way to learn to always follow your investment up time to time.

Usually when project does token swap, there will be an announcement in the group and in my opinion this is your fault for not following the information on telegram, the lesson that must be taken is to follow the project development on telegram so that if there is new information you can find out. Not late like you

Maybe he's busy with work in real life. so he doesn't know the latest information about the swap against the tokens he's holding. so he lost the moment to swap to new altcoins, but if he kept his assets on exchange I think this incident will not happen

This is indeed the most painful thing in cryptocurrency investment, because the developer has replaced their coin to another coin, especially if the time given is only one or two weeks, this could be an experience so as not to keep trash coins that have no clarity at all

I feel sorry for your lost coin man. Any coin that we hold, we must keep updated about their developments.
We won't never know something like swap events will occuring if there are something wrong in the network.
Are you sure you can't swap it to the new coin anymore ?

yes ,, that's what I want to suggest to everyone that they need to be careful in making a choice. at least if you don't have a big profit then you don't suffer a loss like that experienced by our friends. therefore anyone needs to be careful in investing in crypto

You just don't have to give up it's hurting after holding to a token for a long period of time only to find out it has been swapped to a different token. I still believe as an investor you would still do more investments but this time sticking to coin with reasonable projects would be the best idea so you can probably stay on the profiting end. Bear the loss my good friend

exchanges that occur sometimes we don't know about it, from my experience there are coins or tokens that have switched, and even though it is a lesson for us, that every time we follow an altcoin hunt we must stay updated about the development of these altcoins.

That's right, usually the exchanges that we hold the coin on makes announcements on their platform, as happened in the case of pundi x, I got information from the Indodax exchange

If you invest on something you must keep in touch with that project, atleast you check the telegram in every week. Thats why i prefer to invest in big coin with good product, which is like eth, bnb, dot and many others top coin.

a person will not tell the truth if he intends to commit a fraud, neither is a project. although we keep in touch with them both by telegram and actively checking their website. In my opinion, to avoid that kind of investment it is better to invest in guaranteed altcoins. by doing this the risk will be smaller

Some projects are good for short term only so you need to keep monitoring your portfolio, when there is no progress you might need to switch to another coin or token and also whenever a new upgrade is available you may need to do some swap,  it's a lesson

Very sad, I think there would be any method to swap old coins to new coins. Ask from their team they will surely give you any method or will help you to retrieve your money back. I hope you will get your money.

actually because you don't see any information or updates about the 2 projects, so you are late and don't have time to swap, but thank you for the information, hopefully it can help others remember or always see updates from the coins they hold, for example there are events, listings, mainnet, swap contract, migration and others.

it is very unfortunate, if there is no solution for the token holders mentioned above, but it is true that if you want to invest long-term, you must follow the token development, I also recently lost my token, because it did not follow developments when I saw high prices in my wallet,  i send one of the exchanges. and for 3 days the deposite didn't enter the exchange after I joined the group it turned out that they replaced the token with a new version

That is why you really need to still give some time to read and be updated to every important news and updates regarding your hodlings to avoid this kind of circumstances.

That's the worst thing that can happen, losing your coin because you lose the opportunity to swap to a new one, even if you are holding the token for a long time you should get at least updates on their social media and group channels, don't just look on the price on the market, check where the project is going to, some developers will not let you swap your coin if you are late in swapping it.

So sad for you , i think they transfer to other platform and probably they told it to swap your coin.  Lesson learned for you be updated in your holdings,read news so that your funds will not get bankrupt .better luck next time dude theres more way you can bring up those losses.

Investment i think goes along with proper monitoring of the project. If the swapped the token, i believe they must have given prior info in regards to that which if you were following up, you must have gotten the info. Anyways sorry for your sad ordeal

This kind of things had happened so many times in the cryptocurrency space that's why its good to always be in their respective telegram group to get updated information about coin swapping, i have personally been a victim of such because i wasn't in the telegram group.
A project announces swapping news on their telegram group and tells instructions on how to swap it to new coin, most of the time some projects failed to tell and change quietly to new contract address especially ethereum based coin.

My advise to you, any coin you are holding in your wallet, be sure to follow them on their social media pages, telegram group, and never to miss out any announcements.

I have also experienced the same thing as you have experienced, at first I was sincere if my coins were ultimately worthless and useless, but my friend told me that if old coins could be swapped into new coins, I also looked for this information through my official social media coin, like telegram and twitter , then finally I managed to do the swap.

But, honestly I have missed lots of swaps in my crypto life which include bitcoinwhite and streamity. I also holding PCL and JBN but these tokens swapping was auto process like they have sent new tokens to my ethereum addy itself hence I did not gone for any hassles (PCL asked me to follow some steps as it was about changing new contract addy).

When we are holding any token or coin then we must need to follow their dev teams through any of social media. These days twitter and telegram are most useful in this regard. Always watching the dev team will help not missing out any swap kind of news.

to avoid big looses from missing information like this , you have to follow to telegram group or other chat group. its very usefull to get an important update from dev team. maybe if you dont get this information maybe deadline will missed and you permanently loss your money.

It is always good to have a list of all your cryptocurrency holdings and have them updated at regular interval. Always keep tabs on that, go to their communities to know the latest development. This will even help you to know whether to continue holding or sell off. You don't just hold a coin blindly

Now I don't trust this kinda swap, especially low volume altcoins. Every time I sent altcoins to their website to swap, projects started to shut down. The last project was insolar tokens. If you were very updated even though you could lose everything. Although MZG looks like a promising project to me where pundix is the top coins. Anyone have any information about MB8 coins, almost in the same situation.

My question is why some projects have the deadline?
I think it should be no deadline. Or even the project team wants to have the deadline, it must be a long time, not only 1-3 months only. I ever saw a project that made a deadline for swap just for less than 3 months. I think it is like a trap for the holders, the supply is decreasing by the swap, and the developers take advantage because their token value is increasing with a smaller supply.

I notice that this community is full of emulations and correction and adoption of geniue things that, no matter the level of problem which we caused by ourselves, this life is something we have to study very well in any form we found ourselves, so some people disvalues thing's that come across them because of lack of information.

I think that is a main problem for people who always tend to invest on so many coins that were not really known outside of the top coins. It is true that you can invest in ETH and BTC without looking back at them for a period of time, why is that, it is because they are widely in the news and I think it would be impossible for one not to hear anything about these coins since every crypto app and crypto social media influencer will always make updates and will always give news about it even if you don't want to hear it. Next time just do your research and at the same time always get yourself updated. 

If you're NXPS hold in private wallet, you can still Swap it, the claiming window open till March 29, 2022.
You can swap 1,000 NPXS tokens for 1 PUNDIX token.
Go there official site and swap your NXPS

I have also experienced this a lot but with different versions, it's good that we always pay attention to what we are investing in by following their Twitter and Telegram so as not to miss communication about updates on each project.

Yeah I guess this has happened to some few investors. It is important to always follow the social medial of the crypto projects you have invested in to get updates on whats is going on with the projects. Especially this issue of coin swaps i have witness a couple of cases where after a long time of swap some people later coming up to swap their coins because they didn't follow up on them for a long time. 

It's true that it's much better to just follow the twitter and telegram because that's very important in my opinion,
Just imagine if we miss information that is really important, of course it makes us sad,
follow anything related to the project you are participating in so you don't miss the information

yeah, lots of people have experienced the same thing. that is why we must continue to monitor every development of tokens / coins that we hold so as not to miss the latest news. as you said we have to follow all their social media so as not to miss anything.

this would be very detrimental to us if the price of the coin is very good in the market and we just skip it.

It must be like that if we hold coins, their social media must be followed so as not to miss the latest news about the development of the coin. it must be done to be responsible for ongoing investments, and I do that too

It feels really bad for me as I'm also a holder of moozicore tokens. I earned the tokens from bounties and didn't hear anything exciting about the project until I stumbled on this post. The project isn't doing anything awesome and I'm relieved because I didn't buy it and have countless worthless tokens from bounties.

I always recommend people who are investing in cryptocurrency to keep track of the progress and information from the project that they invested (at least once a week), so even though we invest in cryptocurrency for the long term, but we still need to stay up to date with the progress and the latest news about the project, so that what happens as you experienced will never happen.

yeah, the good one will always touch about their tokens project. news will release if owner have something decision. its not only just to know about one project, but you can learn inside and make you be a better holder.

Over the years of investing and participating in various bounties, a lot of tokens have accumulated in my wallet, many of which have been dead for a long time. But I have to periodically look through the links to their sites and official telegram channels, so as not to miss my chance if they suddenly resurrect.

Sorry for your loss mate. It's advisable that while holding any coin for long term, one should keep abreast of latest information about the project, especially at this period that many projects are migrating to other chains based on popular demand.

This is a very bad experience.I don't usually keep coins for a very long time unless it is a very good project with a clear goal ,hard working team and a great plan .Most of my funds are stored in either Ethereum or Bitcoin for safety reasons.The best solution to holding those coins is to try and keep up with the project so as not be left behind.

I think that as an old token holder, that is what we need to do, monitor the market or have to open coinmarketcap frequently, at least we know what is happening with the tokens we have. I also have some old tokens that I haven't had time to sell because they are still in a state of decreasing price

 I have never experienced this kind of issue before because I don't bullish on altcoin and what I always is to sell my altcoin when it's in green state because altcoin market are so manipulated in nature.
But, most altcoin team decided to change to new project when their previous project concepts is outdated just like NFT and Defi ate the trend in crypto market the previous project will try to include it in their project concept but that shouldn't make your previous holding worthless mostse they ought to give old holder x2 of their previous holding.

Ofcourse you need to remain in touch with the market to see the development in the coins in which you invested. There are many forks in the small cap coins and if you remain out of touch, you will be surprise to know that your holding are worthless because you did not swapped the tokens in time. In few cases, exchanges automatically swap tokens, but if you are holding in wallet, then there are certain steps to be performed within certain timeframe.

That is why I suggest people just invest in those projects that had already been established for a long time, so you can still sleep well even without checking it always.
Those projects that have mentioned by OP have not already established well, the developers trying to catch which platform to be used so their projects won't be becoming wasted. But this gives big trouble to early investors who are not totally aware of the project innovation and most especially to those who are long-term investors that never bother to check their investment every day.

Which makes this market different from other markets. A swap should never lead to an investor losing money. I still don't get the point where the problem is that even though you miss a soft deadline why you then shouldn't be able to swap your coins anymore.

Developers can use that as an ugly burning mechanism, hoping that not everybody pays attention. It might even be for health reasons and your money is gone. That's not it is supposed to be in my opinion. There needs to be a security measure in place for those who are late to a swapping deadline.

Yes, old tokens that are still alive must be monitored frequently if they are already in the market, but that will not apply to old tokens that are dead and not in the market, because their value is definitely not there.

I disdain most about it is frequently the short notification and cutoff time where they begin barring holders from the trading cycle for basically no explanation or even in an unlawful manner. Undertaking concerned and observing the altcoins you put resources into are generally significant in contributing. There is nobody that will refresh us except for we ought to be the one to make the primary move in understanding what's going on with our tokens.

It's useless if you monitor a dead token and of course it's useless and will only waste time,
what is clear is that just continue to monitor the developments in Coinmarketcap,
and in the future what will happen to the old token whether the price will remain as it is today or maybe it will increase

Streamity is a token which I considered almost dead after 2 years of holding but suddenly people started pumping it and then dev team went for swapping and right now it is trading in few exchanges with decent volumes. So, time to time watching all the coins/tokens you are holding will be effective regardless of you are assuming it is dead or active.

Definitely coinmarketcap is an effective way to monitor a coin/token and also we must follow the dev team in all possible social media so that we will get all latest news and events which will be helpful on deciding about our holding. Anyway OP is right; definitely this topic will be useful many new people certainly.

Then what if the old token has not been listed on CoinMarketCap, what should be monitored? because most of the old tokens were not in Coinmarketcap, only a few were there and even then were born from projects that were really active.

Those shit projects are mostly not inside CMC, old coins that haven't got the chance being added to any decent exchange and still don't have any
updates from the team or already been abandoned.

We can't monitor them anymore and it's really useless to pay attentions with this kind of projects, maybe the chance of seeing the team back is too slim,

If there's are some, it's something unusual and it's luck most of the time for holders to earn from it.

Yesterday my friend was checking his old metamask wallets. He had a token that I wanted him to give me, it was totally worthless token that didn't had any value but I just wanted to use it for something else, a testing purposes thing basically (wanted to use that one because it had no value, wouldn't want to lose something that has value in a test). While he was looking for that one, he came across to one of his wallets that had something called "telcoin" or something, which apparently he bought around $75 worth a few years back, about 500 days ago or so, when he checked he saw that today the same thing now worths 3600 dollars instead!

So you are 100% right, it is always good to have a spread, not spend too much money on them of course, but when you have too many coins and tokens, sometimes they shoot in value after so much, the one that can wait earns the money.

Yes I agree, indeed if we want to invest new coins for the long term it is better to continue to monitor the development of the project by joining their official social media.
It will be very helpful for investors to get the latest information from the project and prevent such a bad case from happening.
But it remains to be noted before starting an investment wiser we reset first for the type of coins that we will buy.

Nah i think thats pure your mistake, when you invested on something you need to check about the news Daily. I think it only took not more than 5 minute to check about that news like that you can just go into their telegram channel, next time you should be more carefull about something like this.

Oh my God, that don't keep announcement updates news since many days so I missed the train of swapped. But my Token become valueless may be.  It's my another bad luck.
https://i.imgur.com/q3nKcfJ.jpg

I'm sure that so many people made the same mistakes. We're always busy with our work, but these types of announcements cost us all the funds. So many people lost their credit ERC-20 tokens. Because the Ethereum transaction cost was so high, tokens must be sent to websites or some selected exchange. Intentionally, we missed this swapped, transaction cost is more than holding tokens.

Whenever you make an investment on anything it is a must to follow their announcement thread or else the telegram channel. Now you can try to contact the support team, if you're lucky you'll get your investment back through the swapping. Many people have done this mistake, and this is all because of being careless with their holdings.

Not only these two points, many other bitcoins also exchange or change contracts and as a result, some have increased in price and some have even fallen until there is no price. multiply research every altvoin that we have.

If I am not mistaken, if there is a discourse on the conversion of one to another token as you mentioned above, for example, NXPS is exchanged for PUNdiX, there is always an early notification on the telegram channel of the project owner.

In my opinion, this moment is very necessary so that data and information related to changes can be known as a further step in making investment decisions.

Lesson learned now that if you want to hodl a token for long term you should still look on the progress and development of it from time to time because there are several reason that the developer consider to make the coin you are hodlings valuable. Just a tip don't uninstall your telegram to get updated as well as visit their official website time to time to be updated.

Yes, the market is always changing so you have to try to know the updated information of the market. If the market is not analyzed properly it is not possible to know when the price of a currency is changing. Currencies like bitcoin and ethereum are good for long-term investments in the crypto market as we develop bitcoin deals are easy.

Actually it is npxs not nxps. Anyway you always need to monitor daily the news channel of crypto you are holding e.g their telegram channel, or discord to keep you updated about whats going on about the project. Sometimes our telegram account flooded with many telegram groups and channels of different crypto projects and it make us distracted or confused. But telegram has a feature  of adding chat folder. You can add only important channels/groups on that folder you want and not missed important announcements.

I also experienced this kind of situation when I handled a token swace(SWA) then I told myself to hodl it long termly then get back atleast a year sadly when I go back to look on the development and progress of swace token they change their token symbol and contract address from being SWA to SWACE. Now because of this experienced I totally learned that keep in touch with your hodlings time to time to be updated.

True and I believe it is unwise to totally not follow up on what the news is for the crypto projects that you are holding because if I can guess right, most time before swaps, this information must have been put out for weeks and month some times by the project owners and for this to happen was that it was totally neglected for too long.

To say the least this is an exaggeration. Even if you buy a house or an apartment that you rent out what is the likelihood that you check it on a daily basis? Nobody usually does that. I see your point as crypto is changing gears so fast based on most recent news, but I stick to the fact that a swap should never lead to you losing your investment.

In most cases the old chain is just dead after a swap and you can't send anything. It depends if you have to send your coins to a burn address in order to get the swapped coins or if a snapshot is taken and you have to provide a wallet for the new coin. In the latter case there are two ways to go about it. Some projects sent the swapped tokens directly to your old wallet and deactivated the old contract (only possible for tokens). There is nothing you need to do, great. If a snapshot is taken and you have no idea because you weren't around you could lose your old (but anyway worthless) coins by sending them to an exchange deposit address if someone is still mining on that chain and confirming blocks. What some projects to though is they distribute it manually, give you a deadline and if you miss that it is over. That is disgusting in my eyes.

The current procedure for exchanging cryptocurrency names can be compared to a type of fraud in which cryptocurrency holders are deliberately deprived of their ownership of these cryptocurrencies. The fact that the team indicates such a replacement in their telegrams is clearly not enough. It is necessary to provide for the possibility of cryptocurrency holders at any time to make such an exchange manually or automatically send new cryptocurrencies to their wallets. Cryptocurrency holders should not lose it just because they did not find information about it in the telegrams in a timely manner and did not take actions that for some holders are significant for a number of reasons.

That's really a huge mistake and will hurt more if you own a huge number and the coin gets pump if you cannot follow the coins you are holding on their channel or on their thread and social medias, better dump your coin and cut your losses or just get even, instead of holding your useless coin because you are late in swapping it.

Leaving the market is a good move so you can get rid weak hand opportunity by selling them.
But following the projects update, at least take a look the pin chat in the community group every month is a must thing to do.

it is indeed difficult to hold on to a new project, because we do have to follow its development as well, so that if the project develops according to the road map, I don't think it will be a problem, because many of a project cannot carry out its development according to plan, so it easily becomes ashes, and That kind of thing should be avoided

If we investing in a project (assuming this is a growing project with a potential but not listed on the market yet or at least the market cap of this coin is still low) we should not looking at the project once a month because it's quite dangerous. Everything could happen in crypto in a day, or even in an hour. So i think if we investing in a project we should keep up to date to the information of the project before more over a new project

I guess you must have been or of reach with these projects social media for a while, because I do believe that, this type of swap would have been announced on most of their social media handles for sometime before it takes place and I have been in some crypto space where after months have passed of the swap, investors come and ask this same questions. If you hold some coins/tokens, I believe, that following up with the project is key so that you don't miss out on info like this.

I'm sure it's because the OP is in an important problem or business so he can't keep up with updates from the project he's following.
The OP is definitely not alone, but if you keep it on the exchange, most of the SWAP is done automatically. but some are not done automatically.
usually, developers do give quite a long time to SWAP old tokens to new tokens. but if you missed that, sorry there is no other solution.
I believe this is an important lesson for all token holders. Thank you for reminding me.

Althought it can be his mistake but the developer should also be fair giving solution by either allowing people who are late to swap again, im sure the developer wont like it when their coin in circulation lost just because some people forgot since that also gonna decrease the amount of token holders. If there is a way for old holders to swap their token then both side will get the benefit. I still eonder what keeping the developer from allowing old holders to swap though.

On a more sincere note, this issue of swapping is one of the reasons a lot of people find it hard holding most coins and tokens for long term, this is because a lot of people just want to buy and hold in personal wallets while they focus on other things so that they can hold long term, then after a long time you realise your tokens are now useless, it's really bad. Which is also the reason Bitcoin and Ethereum will continue being on the minds of people because everyone knows how reliable and trustworthy they are.
What happened to you, has happened to a lot of people while in some cases, users still had the opportunity to swap and in some, users are left with useless tokens. Hence my suggestion is, when holding some tokens, and you intend holding for long term, try to follow up on Twitter so as to get their notifications which you can easily read, I believe this will make it possible for the holder not to miss Important updates like token swap.

Is this information true you got from the source, has it been submitted in writing on their page, because I also experienced this anxiety a few months ago, where the price of the coin had a value in the market, but when I released it couldn't 't even be disbursed on the grounds that they were prepare prices.

This condition makes people lose confidence in investing, instead of getting something they want, the condition changes from time to time without prior notification. This step needs to be changed by them, if they don't want to get moral sanctions from people, this kind of treatment is not the right solution to maintain market balance.

If we following a growing project since small project, we have to keep watch what they are doing with their projects. Sometimes they will have struggle in the market and make some strategies like changing contract address and etc, if we don't following the project we will lost our money, i've also experienced it before. So make sure make an alert notification for every news coming from the project

Holding coins and tokens in the long term is not the right solution, considering that these types of coins do not provide a sense of security in investing, their conditions will change over time both in price and level of security, almost everyone experiences the same thing as you.

The initial predictions that made people hold on to this coin, actually lost faith when this coin began to be exchanged for new coins, should we find out why they did this, or should we just let them do what they want to do.

I don't agree with what they are doing, it actually makes people lose faith in other coins, they need to be punished, so that in the future they don't do something that harms a lot of people.

When you invest in different, not very popular altcoins, you should always be very careful, as, in case of emergency, you might be able to save your money if you act quickly. But if you don't follow the project and its altcoin you can miss some changes and as a result lose your money. It is acceptable to hold only coins and currencies that you are sure about. It might be Bitcoin, Ethereum, BNB. They have high trading volume and they are quite popular among investors.

it was purely his own fault for not following the progress of the project he was following.
but usually, everyone follows social media which certainly gives notifications regarding SWAP or token releases in the market.
I usually get notifications from some members who really care about sharing information with all community members.

yes, i agree with you. most people lose because they don't monitor the progress of the project itself. and that's often the case with bounty hunters who may not have time to monitor the coins they make from there. It's a different story if you are a project investor, chances are you will also be required to keep abreast of the developments of the project you are investing in so you don't miss out on information like the case experienced by the OP.

I've also had a similar incident almost like this in the past on an XLM coin and i store my wallet on web wallet and then they updated their wallet and after few years i back again to crypto activity i couldn't recover the password from that wallet anymore. because their new update not able to recover old wallet. if i calculate , there are several thousand usd there. so completely didnt follow any update so possible to lose access some coin.

Yes I have had the same as well. There was no wallet upgrade or anything, but the service of the web wallet simply discontinued and I didn't take that email seriously. It didn't have an obvious header or the word warning. I thought it is some advertising for whatever and ignored the email. After a couple of months I wanted to access the wallet. Website not up, tried to reach out to them and never got an answer. The coin was quite worthless though, but it was a lesson anyway.

but whether the coin you have will change directly with the newly released coin?, or you can report it to the Altcoin telegram group there may be a solution they provide, at least not all your assets are lost. Well, that's why in the future invest in altcoi like ethereum, bnb, and bitcoin only

Yes, investing in the three coins you mentioned such as bitcoin, bnb and ethereum is a good choice,
I say that because investing in the top coins is not as risky as investing in meme coins,
apart from that everyone has their own choice

It is better to always monitor your investment because some times there may be some sudden change to the policy which may cost the investor if she is not aware of it. It is even best to invest in projects/coin that has good history not some novel project/coin that will promise heaven and Earth just to be scammed at the end.

Investing in clear and proven coins with always large volumes is everyone's main choice, so there are still many people who always rule out new coins whose potential is still unclear and the volume is still very low.

why don't you swap these altcoins to the development team ?? because many altcoins do swap but all old altcoin holders will get new altcoins from the swap. Is it because you didn't contact the team so you didn't get any new altcoins ?? Or you know too late that there will be a swapping of old altcoins to new altcoins ? and I think you are the only one who has this nightmare

what you are experiencing is a mistake that beginners often make, one thing you should pay attention to in crypto is that you must always follow the development of the project, whether you are an investor or a trader, following the development of the project is very necessary, because the development of cryptocurrencies is very fast.
I will give some simple ways so you don't make the same mistake;
first, you have to join the project's official telegram or discord channel,
second, find out what progress the project is making in the next few weeks to months,
third, after you join and find out, you only need to look at the activity in the group and look for the latest information once a week or every two weeks.

If you do the three ways above I'm sure you will be safe, and if you don't find a telegram or discord channel, you better leave the project, because I believe the project is probably scam or if not a scam the development is slow because communication between the team and the community does not exist .

I've also had the same experience with him, there are some developers who understand and swap tokens even though they have passed the swap time limit and there are also those who don't have tolerance which in the end the tokens we buy just become trash tokens
I also don't understand why the developers don't do an automatic token swap which will make it easier for all holders of the token

To start with, I think if you are not ready to follow up on tokens you buy especially tokens based on different blockchains and you are already aiming for long term, then it is better you don't buy at all but go for those with an already developed blockchains. The truth is, we can't beat around it, most projects starts on a blockchain like ETH or BSC in order to grow with the anticipation to have their own blockchain, and once everything is set, they migrate to their own blockchain or even to other blockchains, and whosever didn't follow up is to be blamed, thus to avoid such ugly experiences go for coins with their own blockchain like SOL, ETH.
Also, with the way the crypto space is moving rapidly, it is very wise to always keep track of your investments, even if it's once in a week, try to check their Twitter page for updates, because I know token migration is a very big step for most projects, and information like that are always pinned on their twitter account.

But I'm sure the project owner will also definitely notify any changes that are considered important in their information channel for their users. well, here it is necessary to coordinate related to the above so that everything is clear and we are ready for these conditions.

Nothing is certain in the world of money markets, there are only probabilities.

Where you are holding your coins? I mean exchange or in your private wallets like myetherwallet, trust wallet, or any other wallet? I have seen most of the swaps support personal wallets, I mean if you own the private key or your wallet, then you can get swap coins easily. The problem is when you hold your coin in exchange you can be lost the coin(although most of the exchanges support the swap, but not all)

It would be nice if you share your problem briefly here. Also, try to contract with Pundix support system. Here is the latest swap option for NPXS is now PUNDIX: https://swap.pundix.com hope it will help you.

coins that change their addresses or initials can we say as soft scam coins
I also have a token that I bought in 2017 but now it has no value because it has died or changed addresses and their token initials are the same as your case

now i'm looking at nft game tokens and trying to invest in some tokens, but i don't intend to invest long term for fear of the bad things above will happen again

I have done this too in the past and i almost lost out on my pundiX gains too back in 2018 when the  npsx token was swapped for the mainnet pundix tokens.
The concept of holding shouldn't just be buying bags of cryptocurrencies & not learning about the developments process of the project, you should always visit their media channels regularly to learn more about new developments

Hold less coins will be my advice and always aim for high fundamental coins and follow their telegram announcement channel but is very rare coins change their smart contract except when they have issue of hack or develop their own chain so keep up with their new and read their wp well

Several times I've experienced the natural OP in this regard. And although the team has a grace period for investors to swap their tokens, they only give a short time, like only a month. For investors who do not always monitor it will be caught in the team game. And the result is a loss for those who have these tokens.
Especially for me as a bounty hunter, a lot of shit tokens like that, so the result is zero and becomes a display only in the wallet.

Very useful information for me. what a very sad experience for you.Try to contact the contact of the coin you invested in order to get a solution to this problem.Just a suggestion you should invest in coins that have a clear project and have a large market place such as btc, eth or bnb.shitcoin is highly discouraged to make very dangerous and high-risk long-term investments.

Yes, bro, looking at your story above, we can take lessons and lessons, in this case to be able to keep our coins useful, it would be nice not to lose information, so we will always be able to follow the development of the coins we already have,  and even if something happens that we don't want, then we will first take steps to anticipate our coin, yes of course with that information bro....

what happen with op did also happen to one of the coins that i hold and its also because i forgot them  thinking that they wont ever have a greater value .
i ask the admin in their group if there still a fix for this but he said my coins are now useless but im not sure if other treat the same .
 i have heard of the two projects that op invested and i dont think they are shitcoins but what happen is normal and can happen to other coins too .

Keep updating the information from the projects that we buy the coins, is a must. There should be regular updates on the official social media of the projects. Although not all the information is very necessary, sometimes there will be crucial information that we must know it. As the investors in the projects, monitoring the current updates is very recommended. Missing the updates probably risks our assets.

hey sobat,,Next time download blockfolio app and add every coins and tokens you have in the app for tracking, you will know their worth or value and so be up to date with whatever the project teams are planning, this is why blockfolio app is highly recommended, you won't miss a single update

Nice advice, some apps that will keep track of the coins/tokens you hold and all the changes that happen with them are great for people who are not able (for any reason) to follow crypto on a daily/weekly basis!

But there's one more thing, OP invested in totally anonymous coins! Why would anyone do that!? With all the good projects around I think it's kinda stupid to invest in unknown projects and forget about them! Especially if they announced some swaps, changes, etc!

I think you can DM and email the project team about the tokens you have to get a solution on that problem.
I've experienced the same thing, but the project developer will always provide time or solutions for the tokens I currently hold, like my case i have NOW tokens and the team is currently migrating to the BSC blockchain, the problem i'm having is the minimum amount of tokens i have to send to exchange for new tokens, i can exchange whenever i want for the minimum amount of tokens they charge, but the fees on the Ethereum network are very expensive, I better buy new tokens and leave the old tokens in my wallet.

happened to me this year too, I have 16k WPP in my wallet, they swap to wpp v2, I don't know what's the difference, I know they swap only when they swap I don't have enough ETH and buy ETH at a very high swap period usually the fee reaches 0.1 ETH I think it's not slightly different from you
you forget and don't listen
I'm listening but no swap funds

I still don’t understand if it was a scam or this guy just didn’t contact the development team to get know what happened, as I guess that there were different notices and maybe he still can swap his token for new ones. Nevertheless it is quite strange that developers decided to swap tokens for something new. I think that it is rather a scam. Please be careful before investing and hold only mainstream coins!

I also have old coins which are now useless, like moozicore, daneel and some other coins. Honestly I'm very disappointed.

But we shouldn't be stuck with the past, now I focus on the future and always learn from the mistakes that have happened.  :-[

It is very important for us to stay abreast of news about what coins we hold. it is one of your indifference about the coins you miss. it is our own fault. wherever we invest, we must always update news about the coin, there are many areas for now we can see the news both on social media such as twitter or telegram.

Unfortunately, a lot of cryptocurrency projects make a token swap of their cryptocurrencies and the most interesting thing is that some companies perform this process even several times, and if you do not follow all the cryptocurrency companies from which you hold tokens, then you can suffer very much, since recently a lot of cryptocurrency companies are doing token swap and therefore you need to monitor all cryptocurrency companies from which you have cryptocurrencies, I also constantly monitor all cryptocurrencies that I have on my cryptocurrency wallet so as not to miss any token swap.

That is why we always need to keep an eye about the coins or tokens we have. We always need to have an update about the current situation of our investments especially if the coin or tokens are not well known. Luckily, I haven't experience such things because I'm always checking updates about my holdings.

And now I believe you learned from it, I hope others too in order for them to not commit the same mistake.

It's true that most shitcoins once a time change their contract address which is a really harmful for the investor. Those who are invest such type of project their entire investment goes into the water due to not having swapping at the scheduled time or due to having information gap. So think twice before investment.

in the same case, especially for bounty hunters, usually many of them ignore the development of the projects they follow on social media channels, especially in telegram project groups. so they Lose for not monitoring project progress like token renewal: I mean blockchain chain switching/address migration from old-new coin contracts.

You are not the only one who missed the announcement of swapping your coins. At least we have to check the official telegram channel every week to get updated about the updates of the project that we participated in or doing. It happens with me also so I always check the telegram groups weekly to get myself updated.

and it was a bad experience, but it also taught us that we need to check for every update of what we have. Anyway, if something changes like a swab, we'll know. however, if it is too late, the assets that we will hold in the long run will become junk coins. nevertheless, keep an eye on the development of the information on what we hold. because with that you can know whether the coin deserves to be held, or sold.

If you want to work in this cryptocurrency, you must always know the updated news.I have been a victim of such incidents many times. I had a lot of tokens that I left and when I swap later I lost my coins as I had no idea.To me wpp There were some coins in the name that asked me to migrate but I lost my coins without giving the updated news.So what can I say, I have made many mistakes like you.