MGT → DQT Token Conversion
Convert your Management Tokens (MGT) to DreamQT Tokens (DQT) and unlock the full potential of the DREAM Exchange ecosystem.
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What is DQT?
DreamQT Token (DQT) is the native utility token of DREAM Exchange, built on the Polygon Network. DQT is designed as a stablecoin pegged at $1.00 USD, providing stability and predictability for your transactions.
Unlike MGT (Management Token), DQT offers enhanced utility across the entire DREAM Exchange platform, including reduced trading fees, staking rewards, and exclusive access to new features.
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Benefits of Converting to DQT
🎯 Stable Value
DQT is pegged at $1.00, providing price stability and reducing volatility risk in your portfolio.
💰 Reduced Trading Fees
Use DQT to pay for trading fees and receive up to 25% discount on all transactions.
🔒 Staking Rewards
Stake your DQT tokens to earn passive income with competitive APY rates.
🚀 Early Access
DQT holders get priority access to new token launches, NFT drops, and platform features.
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How to Convert MGT to DQT
1
Navigate to Settings
Go to your account Settings page and find the "Token Conversion" section.
2
Enter MGT Amount
Input the amount of MGT you want to convert. The system will automatically calculate the DQT amount you'll receive (at 10:1 ratio).
3
Confirm Conversion
Review the conversion details and click "Convert MGT to DQT" to proceed.
4
Wait for Confirmation
Your conversion will be processed on the Polygon blockchain. This typically takes 1-2 minutes.
5
DQT Received
Once confirmed, your DQT tokens will appear in your wallet and you can start using them immediately.
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Frequently Asked Questions
Why is the conversion rate 10:1?
The 10:1 ratio reflects the enhanced utility and stability of DQT compared to MGT. DQT is pegged at $1.00, while MGT has a variable value of approximately $0.10.
Can I convert DQT back to MGT?
No, the conversion is one-way only. Once you convert MGT to DQT, you cannot convert it back. Please make sure you want to proceed before confirming.
How long does conversion take?
Conversions are processed on the Polygon blockchain and typically complete within 1-2 minutes. You'll receive a notification once your DQT is available.
Is there a limit on conversion?
The minimum conversion is 10 MGT (1 DQT). There is no maximum limit - you can convert as much MGT as you have in your wallet.