Deal Notices on a Coin Page
This page is for holders. You hold a coin, and its Chain Daddy page says the project is moving to a new coin, or the page has been sold.
No deal moves coins out of your wallet. It changes who runs the coin's Chain Daddy page, or announces a move. Your coins and money do not pass through Chain Daddy in any deal.
In the banners below, SYMBOL stands for the coin's short name.
| You see… | It means | Do this |
|---|---|---|
| "SYMBOL is being consolidated" | The owner is moving holders to a new coin, or a buyer bought the page and offers holders a conversion | Check the destination yourself, note the deadline, follow the project's steps |
| "SYMBOL was consolidated" | The swap window has closed | Nothing changed in your wallet |
| No banner | A project acquisition shows no banner, so a page can be sold without one | Follow or look up its deals |
"SYMBOL is being consolidated"
An amber banner on the coin page shows a destination coin, a swap ratio and a countdown, and the coin shows a Migrating badge. It appears only once the deal is agreed.
It means the owner is retiring this coin's name in favour of another coin, or has accepted a buyout and the buyer is offering holders a conversion. It is an announcement. Nothing moves, and Chain Daddy does not run the swap: the project or the buyer does.
- Check the destination address yourself. Chain Daddy only checks that it looks like a coin's contract address (in crypto terms, a token address). It can't confirm the coin exists or is the right one.
- Note the deadline. The countdown is the swap window (for a buyout, the redemption window).
- Follow the project's own instructions to swap. Chain Daddy can't help with the exchange itself.
When the destination is another of the owner's registered coins, the owner can also link the two on chain, signed by them, so anyone can check the move is theirs.
"SYMBOL was consolidated"
The swap window has closed. Nothing left anyone's wallet, and the coin was not dissolved. The banner keeps pointing at the destination so holders can still find it.
When the page is sold
A buyout or a project acquisition changes who owns the coin's Chain Daddy page. Afterwards someone else runs it.
- Your coins are untouched. Same wallet, same contract, same balance.
- Check the assets list. A deal can also hand over the coin's admin controls (its
owner()role), which is real power over the coin's contract, plus its social accounts and domain. The deal's terms list what the two sides agreed to hand over. Chain Daddy does not carry out those handovers and can't check they happened. - A redemption offer is a promise from the buyer. A buyout publishes a rate, a coin and a window (7 to 90 days) for holders to convert, shown as the consolidation banner. Nothing is set aside for it. If you are counting on it, look at the buyer's actual contract and balance.
No notice period, and no banner for an acquisition
There is no waiting period: a page can be sold within a day of an offer being accepted. A project acquisition shows no banner, before or after. Follow a deal or look it up to know.
How a sale settles: Ownership Deals.
Following a deal
If you hold the coin, you can follow a deal from its deal page: press Follow this deal. Your balance is checked on chain. You then get its announcements, settlement and cancellation by email, push and in-app, on every plan. Unfollow stops them.
Looking a deal up yourself
Anyone can read a coin's deals, and each deal's terms and history, through Chain Daddy's public deal API, with no account:
GET https://api.chaindaddy.io/api/v2/deals/symbol/{SYMBOL}
GET https://api.chaindaddy.io/api/v2/deals/{dealId}The first lists the deals for a coin's short name: type, status, agreed amount and currency. The second returns one deal with its timeline. Its deal_created event carries the agreed terms: for a buyout, the redemption rate, coin and window; for a consolidation, the destination and ratio. A collab's terms are visible only to its two parties until it launches.
What a deal guarantees
Chain Daddy requires both sides to sign, and hands a page only to the buyer the seller agreed to, in the same transaction that pays the seller. Both steps are on chain where anyone can see them.
A deal is an agreement between two wallets. Chain Daddy does not hold your coins, run a swap or redemption, check that a destination coin is real, or enforce a redemption rate, and holders don't vote on deals.
See Ownership Deals for how deals work.