- Sign in to your Element account.
- Click on Wallet from the left-hand navigation menu and then select Digital Rewards.
- Click on Send and Receive, then click Bridge.
- Enter the amount of ELMT digital rewards you would like to convert to ELMT ERC-20 token in the first box.
*The minimum amount you can convert is 1,001 ELMT since the Bridge Fee is 1,000 ELMT. - Once you enter an amount, the second box will display the estimated ELMT ERC-20 tokens you will receive. Fees are deducted in this estimation.
*If you want to convert the MAX amount and receive an error, enter slightly less than your max. - Click the Review Transfer button and an overview of the estimated bridge fee, gas fee, and the amount of time it may take to execute your transfer will be displayed.
- Read through the Terms of Use and if you choose to agree, check the box.
- Enter your Element wallet passcode and click the Transfer button.
- You will then see a confirmation screen that your transfer has been initiated.
- Click Done or you can View the transaction on Etherscan by selecting the link. Your transaction will display as pending until it completes.
The transaction can also be tracked from the Element Block Explorer by searching with the wallet address. Once your transfer is complete you will see the ELMT ERC-20 tokens in your Element wallet. Transferring from ELMT rewards to ELMT ERC-20 tokens will not show in your transaction history until it displays in the ELMT ERC-20 balance of your Element wallet. This process can take up to 24 hours in some cases.
Disclaimer: ELMT is a digital reward distributed through the Element node network according to predetermined smart contracts. ELMT is designed to have utility on the Element platform for the purchase of Element products and services, although other cryptocurrencies may be used as well. ELMT is not available for purchase from Element. ELMT is not an investment product and may never have any value. Element node owners should not expect to recognize any value from ELMT other than its utility with Element. Although Element plans to undertake efforts to become a successful business, it is highly likely that ELMT’s value will not correlate with the success or failure of Element.