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IoTeX said on X it has launched a portal that lets users convert Ethereum-based ERC-20 IOTX into native IOTX on the IoTeX mainnet.
Users can connect a wallet to the portal, complete the token transfer and signature process, and receive native IOTX at the same address. The conversion ratio is 1:1, with no fee.
IOTX was launched as an Ethereum ERC-20 token in 2018. After the IoTeX mainnet went live the following year, the native token began to be used for gas fees, staking and transaction settlement. IoTeX said the legacy ERC-20 tokens still remain, and the portal is part of an effort to consolidate the split forms of IOTX into the native token.