Significant Update: IOTA Foundation Unveils New Tool for Simplified Legacy Token Migration

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In this video, we introduce the IOTA Legacy Migration Tool, a crucial standalone app that facilitates the migration of tokens from the legacy IOTA network to the Stardust version. This tool, distinct from the Firefly wallet, supports migration using an 81-character seed, a Trinity seed vault file, or a Ledger device. Upon successful migration, users must import their new mnemonic, Stronghold, or Ledger device into a trusted wallet.

Launched in response to the Stardust protocol upgrade in 2023, this tool addresses the eventual impossibility of migrating tokens from the legacy network to Stardust. It's designed to be user-friendly, offering a seamless transition with step-by-step guidance for different user scenarios, including those with software profiles or Ledger devices.

The process is straightforward: Enter your legacy seed into the tool, which then generates a new mnemonic and Stronghold file, and an Ed25519 address on the Stardust network. Users are encouraged to start the migration as soon as possible, beginning 21 February 2024, to avoid future inconveniences.

For software profile users, the steps include inputting the seed, verifying the balance, creating a new Stronghold password, and then initiating the automated migration. Ledger device users will need to install necessary apps on their Ledger, generate a Stardust address, and follow similar migration steps.

The IOTA Legacy Migration Tool is designed to handle multiple transactions and address balance challenges, ensuring a smooth transition to the Stardust network. It's important to remember that this tool is not a wallet, so after migration, users must transfer their new credentials to a compatible wallet to access their funds.
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