How to Claim Your Klayr’s $KLY Token

2024-07-15

On the launch day, June 25, every wallet address holding LSK at the time of the snapshot will receive an equal amount of $KLY tokens. Here’s a simple 3-step process to claim your $KLY tokens.

Key Takeaways

Download and set up the Klayr Desktop Wallet: Essential for accessing your new $KLY tokens.
Use your old Lisk wallet recovery passphrase: Ensure a seamless transition to the Klayr wallet.
Start staking $KLY tokens: Begin earning rewards immediately.

Step 1: Download the Klayr Desktop Wallet

Navigate to the Klayr wallet page to download the desktop app. As the move to Metamask Snaps is imminent, a mobile wallet will not be available. For now, interaction is limited to the testnet, but this will change on the launch date, June 25.

Step 2: Sign into Your Wallet with Your Old Recovery Passphrase

Use the same 12/24-word recovery passphrase from your Lisk wallet to log into your Klayr wallet. This recovery passphrase will now serve as your access to the Klayr wallet.

Step 3: Admire Your Freshly Minted $KLY Tokens

Your $KLY tokens will be waiting for you in your wallet.

Step 4 (Optional): Start Staking

To put your tokens to work, start staking right away and begin earning rewards.

Did You Hold LSK (L1) on an Exchange?

If your LSK was held on an exchange that supports the airdrop, the process for claiming your tokens may vary. It might take a bit longer for your $KLY tokens to appear in your account. Keep an eye on your account and contact the exchange if you have any questions.

Klayr's native token, $KLY, will be listed on Bitrue starting July 22. To stay updated on new listings and programs, be sure to follow Bitrue on X (formerly Twitter) and check out Bitrue’s blog for the latest update in crypto space.

FAQs

What do I need to do to claim my $KLY tokens?

Download the Klayr Desktop Wallet, log in with your Lisk wallet recovery passphrase, and your $KLY tokens will be available on launch day, June 25.

Can I use a mobile wallet to claim my $KLY tokens?

No, only the Klayr Desktop Wallet is available for now. Mobile wallet support will be provided through Metamask Snaps in the near future.

What should I do if I held LSK on an exchange?

If your exchange supports the airdrop, your $KLY tokens will appear in your account. The timing may vary, so monitor your account and contact the exchange for specific details.

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