—> OpenVino tokens @ Base!

Owned by Mike Tango Bravo
Last updated: Nov 13, 2024
2 min read

Wednesday, November 13, 2024.

We have moved all of our OpenVino tokens from Ethereum mainnet to Base!

Base is the popular Ethereum Layer-2 blockchain.

But don’t worry, all your Ethereum OpenVino tokens are still redeemable for bottles of wine, and easily exchangeable for new tokens.

Here are the reasons we have moved to Base:

  1. Lower gas fees

    When we launched OpenVino.exchange in 2018, Ethereum gas fees for transactions cost pennies. Gas prices have fluctuated wildly since then, as Ethereum became more and more popular. At one point, buying tokens on OpenVino.exchange could cost as much as $40 in transaction fees. By moving OpenVino.exchange to Base, gas fees again are close to zero.

  2. Access to Base tools for simpler user logins.

    Now, new users on OpenVino.exchange do not need a web3 wallet, like metamask, to buy, sell, and redeem tokens. Users can instantly create a new wallet with social logins, provided Google and Apple. Wallets are ALWAYS non-custodial, meaning that OpenVino never stores your tokens, your passwords or your recovery phrases.

  3. Access to Base (and Coinbase) fiat on-ramps

    Now, you can instantly buy crypto for wine token transactions with a credit card.
    Also, the Base L2 blockchain was built by Coinbase, one of the world’s largest crypto exchanges. Coinbase makes it easy to convert fiat (dollars, euros, pesos, etc.) into crypto and back again.

If you currently have OpenVino tokens (MTB18…MTB24) on Ethereum mainnet, here are the steps for you to collect your tokens on Base:

  1. Send an email to info@openvino.org with the wallet address where currently hold your MTB* tokens.

  2. We will respond with SIMPLE instructions for migrating your tokens to Base whether you wish to hold your tokens, buy or sell on the exchange, or redeem your tokens for bottles of wine.

Over the coming days we will further streamline this conversion process.