I guess I been out of the loop for awhile on Bela, and I have held this thing since the old days of Belachess. Why in the world is this coin swapping over to an ERC20 token? I rode this thing a long time and never seen this sort of direction on the horizon in my wildest nightmares.
Someone here able to break it down to me because first off, I am an avoider of anything ETH, been stern on that conviction now a few years so unsure what I should do about my Bela holdings. Is it still tradeable to sell on POLO for other cryptos or is that old chain completely out of commission right now? I am sure the team has reasons for this but to me its an odd move, most ERC20 tokens jump to be one only to raise funds via ICO and the good ones tend to move towards their own chain. Not really seen the opposite where a coin on its own chain wants to leap into being a smart contract. I do wish them the best on this move but I won't be following this journey ahead, I won't hold ETH or its tokens personally, I just never followed into that ICO world much and don't intend to start today.
Maybe there is potential to return to their own chain? Or is that out of the question? Odd move, been in crypto a long time and never seen one of the older chains swap out like this to ERC20 token.