# Swap NUTs to New Cross-chain EQ Tokens!

August 21, 2020

We are proud to announce our token swap of NUT for EQ, which will take place starting August 31, 2020 at 8:00 am UTC, and continue for 30 days until September 29, 8:00 am UTC.

Time is of the essence

During the first 5 days of the Swap, retail NUT holders will be able to exchange their tokens for the new Equilibrium utility token at a whopping rate of 1 NUT: 100 EQ. Users swapping > 5,000 NUT will receive an additional bonus. After the initial 5 days, the swap rate will gradually decrease, finally reaching 1:75 after 25 days. The swap will end after 30 days.

Opportunity for tokenholders

As we mentioned before Equilibrium was evolving into the first decentralized cross-chain money market that combines pooled lending with synthetic asset generation and trading. Using Polkadot’s substrate technology to create our own blockchain, we will extend our DeFi product line to a one-stop cross-chain money market.

Project innovations

• Equilibrium will be cross-chain interoperable ($EOS,$BTC, $ETH,$TRN, $XPR,$DOT)
• It’s built on Polkadot, so it’s scalable, secure, and interoperable
• The maximum possible liquidity through cross-chain pooled assets
• Essential DeFi use cases in a one-stop-shop
• Convenient user interface to manage all your DeFi activities across platforms
• A lower level of minimum over-collateralization at 110%
• Built-in cross-chain DEX
• Three-step proactively ensured liquidity and system solvency.

Equilibrium - the DeFi missing link

With these expanded features, Equilibrium will become the essential missing link which will open the vast remaining potential of the DeFi market. If 92% of the current DefI market is locked on Ethereum, ETH is only 12% of crypto, leaving colossal possibility for growth - which we will make accessible by making DeFi interoperable.

It’s a utility token, not a security

We have a solid track record through our first project, which uses native assets on EOS, including a utility token and a stable coin. According to US legal expertise, these are not considered to be securities by US law. The project anticipates a similar assessment of the status of the new assets, which will have comparable, albeit expanded functions.

Metrics of the Swap

Special conditions applied on swapping over 5000 NUT.

We will announce a step-by-step guide pretty soon. Follow us and stay tuned with our updates!