Qtum Tokens Announcement
July 10, 2017
At the request of many Qtum community members, a Qtum ERC-20 token will be released today, Monday, July 10th, and given to the partners that participated in the crowdsale.
This will enable users to withdraw their tokens off the exchange they used into ETH wallets that support ERC-20 tokens, like imToken and MyEtherWallet. Please test with small amounts first.
The Qtum mainnet is still on schedule to be released in September, which is when these tokens will be allowed to be swapped with Qtum.
Thank you for your understanding and support of Qtum project!
Qtum Foundation
Do these qtum erc20 tokens have value or just act as an intermediate between qtum and like the ethereum chain? I'm a bit confused, or does it mean that qtum has erc20 token compatibility now?
Qtum actually is compatible with ERC20 already (I deployed an ERC20 token to the testnet chain 2 days ago in fact). However, this ERC20 token on the Ethereum blockchain is only so that people can freely withdraw and exchange their Qtum without being stuck to the exchange that they participated in the crowdsale with. This is also the only way that we can enable people to trade Qtum on exchanges outside of the ones who hosted the crowdsale. So, we expect to be adding more exchanges very soon including some western ones. In September when the mainnet is released we will swap all of the ERC20 tokens over to be actual mainnet Qtum tokens