> For the complete documentation index, see [llms.txt](https://pointpay.gitbook.io/base/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pointpay.gitbook.io/base/documentation/pointpay-token/token-swap-flow.md).

# Token Swap Flow

<figure><img src="https://416356004-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FPVGuINHHZbiJut9B59K6%2Fuploads%2FS0Sazq0IZvZtubrZdb7G%2F5.Token%20Swap%20Flow%20(1).jpg?alt=media&amp;token=eea90875-b363-47e2-945d-e7dfd7869d0f" alt=""><figcaption></figcaption></figure>

### Token Swap Stages <a href="#token-swap-stages" id="token-swap-stages"></a>

1. Temporary closing the deposit and withdrawal of the old PXP Token
2. All PXP Tokens will be renamed to PXP\_OLD and new token will be named as PXP Token
3. Opening Token Swap on PointPay Exchange - swap ratio is 8.28:1, for example, the one who had 1000 PXP\_OLD will receive 120.77 PXP
4. Listing or updating of PXP Token on external exchanges
5. Opening deposits and withdrawals of new tokens
6. Trading Launch on All Exchanges

### Swap Requirements <a href="#swap-requirements" id="swap-requirements"></a>

1. Swap can be realized only on [PointPay Exchange](https://exchange.pointpay.io/)
2. Customer must be:
   * Registered on [PointPay Exchange](https://exchange.pointpay.io/)
   * Deposit old PXP Tokens to [PointPay Exchange](https://exchange.pointpay.io/)
   * Passed KYC Verification on [PointPay Exchange](https://exchange.pointpay.io/)
3. Token Trading will be closed till Swap Process will be finished

### Token Swap Benefits <a href="#token-swap-benefits" id="token-swap-benefits"></a>

1. New updated modern smart contract with audit from leading companies
2. Powerful marketing activity of the token and increased awareness of the project
3. Activation of the token community and involvement in the updated PointPay exchange ecosystem
4. The updated economic model of the project will take it to a new level and in the future increase capitalization
5. New The new token format will expand its capabilities and utility functions