> For the complete documentation index, see [llms.txt](https://docs.matrix.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.matrix.io/mainnet-upgrade-2026/matrix-mainnet-upgrade/asset-migration-and-mainnet-transition-guide.md). # Asset Migration & Mainnet Transition Guide As part of the MATRIX AI Network mainnet upgrade, the Foundation will officially launch the **Asset Migration Program**. The migration will follow a phased approach based on: **Dual-Chain Operation + Voluntary Asset Migration + Final Snapshot Recovery** This approach is designed to ensure: * Asset security * Exchange compatibility * Smooth node migration * Stable ecosystem operation while enabling a seamless transition from the legacy mainnet to the new MATRIX mainnet. #### Q1: What changes will be made to the wallet structure on the new mainnet? **A:** The upgraded MATRIX mainnet will fully adopt the **standard EVM wallet format**. This means wallet addresses on the new mainnet will be compatible with the same format used by leading EVM blockchains, including: * Ethereum * BNB Chain * Base * Arbitrum * Optimism #### Q2: What does this mean for existing users? **A:** Every existing MATRIX legacy wallet can be used to generate its corresponding wallet on the new MATRIX EVM mainnet. This includes wallets accessed using: * Private Key * Mnemonic Phrase (Seed Phrase) * Keystore File Users **do not need to create a new wallet**. Your existing wallet credentials will continue to provide access to your assets on the new mainnet. **Q3: Which wallets are supported?** **A:** The upgraded MATRIX mainnet is fully compatible with the **Ethereum Virtual Machine (EVM)**, allowing users to manage assets and interact with the network using popular EVM wallets such as **MetaMask**. Simply add the MATRIX mainnet network configuration to your wallet—there is **no need to download or install a dedicated MATRIX wallet**. The new MATRIX mainnet will offer the same wallet experience users are familiar with on Ethereum, BNB Chain, Arbitrum, Base and other EVM-compatible networks, making it easy to manage assets and access Web3 applications from a single wallet. #### Q4: What do users need to do during the upgrade? **A:** Simply ensure you have securely backed up your existing wallet credentials, including: * Mnemonic Phrase (Seed Phrase) * Private Key * Keystore File and Password These credentials will allow you to access your assets on the new mainnet. #### Q5: Will the legacy mainnet be shut down immediately after the new mainnet launches? **A:** No. Until the ecosystem has completed its upgrade—including: * Exchanges * Wallets * DApps * Node operators MATRIX AI Network will operate in a: **Dual-Chain Transition Period** Both networks will run in parallel until the migration is complete. #### Q6: How do users migrate their assets? **A:** During the Dual-Chain Transition Period, users are required to **actively migrate** their assets. **Migration Process** **Step 1** Transfer your legacy MAN tokens to the **official migration address** announced by the Foundation. **Step 2** Once the transaction has been verified, the system will automatically issue an equivalent amount of MAN to your corresponding wallet on the new MATRIX mainnet. The migration process will normally be completed **within 24 hours**. **Example** Suppose your legacy wallet contains: **10,000 MAN** After transferring all **10,000 MAN** to the official migration address, the system will automatically credit: **10,000 MAN** to your corresponding wallet on the new MATRIX mainnet within 24 hours. #### Q7: Why is MATRIX using an active migration process instead of a simple airdrop? **A:** Compared with a standard token airdrop, an active migration process is better suited for: * Large-scale exchange migration * Long-term ecosystem transition * Managing circulating supply * Preventing prolonged circulation of legacy-chain assets * Avoiding data inconsistencies caused by exchanges upgrading at different times It also provides a cleaner framework for: * Recording token burns * Synchronizing token supply across both chains * On-chain auditing #### Q8: How will MAN held on exchanges be migrated? **A:** Users **do not need to take any action**. Migration of exchange-held assets will be coordinated jointly by: **Participating Exchanges and the MATRIX Foundation** Exchange migration typically includes: * Official balance snapshot * Asset migration * Hot wallet transition * New mainnet deposit support * Withdrawal system upgrade For most users, no manual action is required. #### Q9: What happens to staked assets belonging to Miners and Validators? **A:** Existing Miner and Validator staking positions **do not require manual migration.** The system will automatically migrate staked MAN to the corresponding staking contracts on the new mainnet. For detailed procedures, please refer to the **Miner & Validator Migration Guide**. #### Q10: How will the new mainnet operate after launch? **A:** The upgraded MATRIX network introduces a new architecture consisting of: * Sequencers * Validators * Stakers **Phase One** At launch, the core Sequencer will be operated by the MATRIX Foundation to: * Ensure network stability * Deliver higher transaction throughput (TPS) * Provide a secure migration process * Reduce operational complexity during the early stages **Phase Two** As the ecosystem matures, the network will progressively introduce: * Community Validators * Multiple Sequencers * Independent third-party nodes This phased approach will deliver progressively greater decentralization. #### Q11: Will existing DApps need to be redeployed? **A:** Yes. Because the upgraded MATRIX mainnet is fully EVM-compatible, existing DApps can be migrated and redeployed on the new network. Developers generally only need to: * Update the RPC endpoint * Update the Chain ID * Redeploy or migrate smart contracts (depending on the original architecture) to begin operating on the new MATRIX mainnet. #### Q12: When will exchanges support deposits and withdrawals on the new mainnet? **A:** Each exchange will enable: * Deposits * Withdrawals * Trading according to its own upgrade schedule. Please refer to the official announcements of your exchange for availability. #### Q13: What happens if a user never migrates their assets? **A:** Once all major exchanges have completed their migration, MATRIX AI Network will prepare to retire the legacy mainnet. Before the legacy chain is shut down, the Foundation will perform a: **Final Network Snapshot** This snapshot will record all eligible assets that have not yet been migrated. #### Q14: Will unmigrated assets be lost? **A:** No. For assets that have not yet been migrated, the system will automatically issue a: **Migration Voucher** to the user's corresponding wallet on the new MATRIX mainnet. #### Q15: What is a Migration Voucher? **A:** A Migration Voucher is an on-chain proof of entitlement issued on the new MATRIX mainnet. It represents the amount of MAN that remains unmigrated on the legacy chain. At a later date, users will be able to use the voucher through the official migration contract to claim the corresponding amount of MAN on the new mainnet. #### Q16: Why was the Migration Voucher mechanism introduced? **A:** The Migration Voucher serves several important purposes. **Protecting User Assets** Some users may: * Be inactive for an extended period * Forget to migrate * Lose track of the migration schedule The voucher preserves their right to claim their assets in the future. **Allowing the Legacy Mainnet to Be Retired** Keeping the legacy network operational indefinitely would impose unnecessary maintenance costs. Migration Vouchers allow the legacy chain to be retired while still preserving users' ability to recover eligible assets later. **Supporting a Sustainable Ecosystem Upgrade** The mechanism enables an orderly transition without delaying the long-term development of the new ecosystem. #### Q17: When will the legacy mainnet be retired? **A:** The legacy MATRIX mainnet will be officially retired after: * Major exchanges have completed their upgrades * The ecosystem migration has been substantially completed * Most eligible assets have been migrated Before the shutdown, the Foundation will announce: * Final snapshot date and time * Final snapshot block height * Migration Voucher claim procedures * Final migration window This will ensure all users have sufficient notice before the legacy mainnet is permanently retired.