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Ottó Explainer: Swap PLUG to CATA

Welcome to the Ottó explainer. This article will demonstrate how to swap PLUG tokens to get Catalyst Tokens (CATA).

Updated over 2 weeks ago

Committing your PLUG

Firstly, go to https://onboarding.ottoblockchain.com to log in to your Ottó account. You can also ‘Sign up’ and create an account if you have not registered yet.

Navigating PLUG Utility

Once logged in, head to the dashboard and select ‘PLUG Utility’ on the left-hand side. It has an intro of what is PLUG Utility.

Connect wallet

Once in the ‘PLUG Utility’ tab select ‘Connect wallet to get started’ Be sure to connect with your bound ERC20 Wallet address or choose to bind an additional Ethereum wallet to your Ottó Account if that is where you are holding your PLUG tokens.

Go to Burn

After Signing in continue to ‘Go to burn PLUG’

Select Quantity

Select the amount of PLUG in your wallet that you want to burn. Once the burn is complete an equivalent amount will appear in your Ottó wallet and be visible from the dashboard overview.

Verify

Verify the balance you wish to burn and migrate to the Ottó Blockchain.

Approve Action

Once you have double-checked and verified the quantity you wish to burn, select ‘Approve Action’

Confirm

Select ‘Confirm Action’ and Sign the transaction via your ERC20 wallet. This transaction will incur a gas fee on the Ethereum network.

Transaction Pending

While your transaction is processing, you can track progress in the Etherscan block explorer.

Burn Confirmed

Once you receive the burn Confirmed notification your Ethereum transaction has been processed and was successful! And Ottó Blockchain will begin processing the PLUG token Transfer to your Ottó account.

Mint CATA

Click on the ‘Mint Catalyst Tokens’ button.

Mint

In the ‘Staking rewards’ section you can mint Catalyst tokens (CATA) using PLUG.

Stake

In the ‘Stake’ tab you can see your CATA balance and stake or unstake them.

Rewards

In the ‘Staking Rewards’ tab you can claim your OTTO tokens.

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