The Oxen Coin Claims Program allows users to convert their unstaked Oxen coins to Session Token (SESH). If your Oxen is staked, click here.

In total, 30,000,000 Session Tokens are available through the Oxen Coin Claims Program.

The amount of Session Tokens a user receives in their claim will be directly proportional to the amount circulating supply of Oxen.

Oxen’s circulating supply will be snapshotted at Session Token’s TGE. This snapshotted supply will be used to calculate all claims, so claims will not change over time based on new Oxen emissions. The current supply of Oxen is available on the block explorer.

The 30,000,000 Session Tokens available in this program represents 37.5% of the Genesis supply. You can read more about the genesis tokenomics here.

Note: The Oxen holdings of the OPTF will not be included in the circulating supply used for Claims calculations.

This program exists to migrate the existing Oxen community to the new Session Network.

As Oxen will no longer be in active development, this swap is offered to give community members a simple way to onboard to the new protocol and ecosystem.

Nothing will happen to Oxen coins which are not swapped as a part of this program, and holders are free to choose what they do with their coins.

Use the Oxen Coin Claims Portal here: https://claim.oxen.io/

Because the Oxen chain is incompatible with Ethereum Virtual Machine environments, a centralised mediator will be required to facilitate claims.
There are two ways to convert OXEN to SESH via the Claims Portal.

OXEN>SESH on the Arbitrum One Network (these tokens can be staked to the Session Network straight away)

wOXEN>SESH on the Ethereum Network (these tokens will subsequently need to be bridged to the Arbitrum One Network to be staked)

All proper measures will be taken to ensure the security, reliability, and verifiability of the Claims Portal. Although tokens will be held in custody for a very short period of time, this will be minimised as much as possible.

The conversion rate from OXEN to SESH will be 1 OXEN = 0.54 SESH.

The conversion rate has been determined based on the circulating supply of Oxen at the time of the Session Token TGE, excluding the OPTF’s Oxen balance and accounting for an estimated portion of tokens likely to remain unclaimed. With 30,000,000 Session tokens allocated to the Oxen Coin claims Program, this analysis supports a conversion rate of 1 OXEN = 0.54 SESH. This rate is designed to ensure a fair and equitable migration of Oxen holders to the Session network.

Although this program will run indefinitely, after 6 months the conversion rate will decrease from 1 Oxen = 0.54 SESH to 1 Oxen = 0.37 SESH, a 30% decrease, to encourage Oxen holders to convert their Oxen to SESH within the first 6 months. The portion of the 30,000,000 Session Tokens which are unclaimable after the multiplier decreases will be automatically reserved for future node rewards.

Users with staked Oxen who have registered for the Service Node Bonus Program will have their Oxen automatically swapped on parity with the Oxen Coin Claims Program at Session Token TGE, at the same conversion rate of 1 OXEN = 0.54 SESH. Learn more here.