You can upgrade your wallet to version 2.0 by using your original 12-word recovery phrase (Option A) or by creating a new wallet entirely. If you do not have your original 12-word recovery phrase or your original wallet passcode, upgrading to wallet 2.0 will cause you to forfeit the tokens in your wallet.
1. Log into your Galvan account
2. From the left-hand navigation menu, select Wallet
3. At the top of the page you will see the update banner. Click on the button to Upgrade to Wallet 2.0
4. Create a NEW wallet passcode. You can use the same wallet passcode from your original wallet 1.0, but please remember to always make your passcode unique and different from your Galvan account password.
5. Click Create Passcode
Option A:
6. Enter your original 12-word recovery phrase given to you during the wallet 1.0 setup process. Be sure to check the spelling and order of your 12 words.
7. Click Complete
Your wallet is now upgraded and should display as Wallet 2.0.
Important: If upgrading takes you back to the same page in step 3 and prompts you to upgrade again, please refresh the page. DO NOT REPEAT steps 3-5.
Option B:
7. If you do NOT have your original 12-word recovery phrase from setting up wallet 1.0, select Forgot wallet recovery phrase.
8. Click Create New Wallet
Please note that you will need the wallet passcode from your original wallet 1.0 in order to transfer any funds in your wallet after you upgrade (step 14).
9. You will be asked to create a new wallet passcode again. You can use the same wallet passcode from your original wallet 1.0, but please remember to always make your passcode unique and different from your Galvan account password.
10. A new 12-word recovery phrase will be created and displayed for you. Write this phrase down and store it in a secure location. This recovery phrase will only be displayed once and Galvan can NOT recover this information for you. Do NOT take photos of your 12-word recovery phrase.
11. Click Phrase Secured
12. Confirm the 12-word recovery phrase by entering the 12 words into the text fields.
13. Click Complete
14. Your wallet is now upgraded and should display a Wallet 1.0 and Wallet 2.0. Use the transfer options to send funds from your Wallet 1.0 to your new Wallet 2.0
IMPORTANT: If you have ERC-20 tokens, you will want to transfer those tokens first as it will require ETH to complete the transfer. You can then proceed with the remaining tokens. As a reminder, if you are sending the maximum amount of a token and it won't transfer, it may be due to the conversion changes in gas. Manually enter a value slightly under your balance which will allow the buffer for the gas fees.
Disclaimer: IZE is a digital reward distributed through the Galvan node network according to predetermined smart contracts. IZE is designed to have utility on the Galvan platform for the purchase of Galvan products and services, although other cryptocurrencies may be used as well. IZE is not available for purchase from Galvan. IZE is not an investment product and may never have any value. Galvan node owners should not expect to recognize any value from IZE other than its utility with Galvan. Although Galvan plans to undertake efforts to become a successful business, it is highly likely that IZE’s value will not correlate with the success or failure of Galvan.