> For the complete documentation index, see [llms.txt](https://blog.emoney.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://blog.emoney.io/announcements/emyc-conversion-update-45-day-average-price-finalised.md).

# EMYC Conversion Update: 45-Day Average Price Finalised

### An Update for EMYC Holders

Following our previous announcement regarding the proposed transition of EMYC holdings into Scallop equity, the 45-day period used to establish the EMYC average market price has now concluded.

This update provides details on the calculation methodology, the resulting average price, the currently approved 50% uplift, and the timing of the EMYC smart contract freeze.

### 45-Day Average Price Calculation

The 45-day calculation period began on 14 August 2026, the date of the original announcement, and concluded on 27 September 2026.

As previously communicated, CoinMarketCap was used as the reference source for determining the EMYC market price.

For consistency across the entire period, the daily closing price published by CoinMarketCap was used for each of the 45 calendar days from 14 August through 27 September 2026, inclusive.

The historical EMYC price data used for the calculation can be independently reviewed on CoinMarketCap:

<https://coinmarketcap.com/currencies/e-money-io/historical-data/>

Using the 45 daily closing prices over this period results in an average EMYC market price of:

$0.00024823 per EMYC

For the purposes of the conversion calculation, this value has been rounded up to:

$0.00025 per EMYC

### Application of the 50% Uplift

As previously announced, the conversion value for EMYC holdings is subject to an approved 50% uplift.

Based on the rounded 45-day average price of $0.00025 per EMYC, applying the currently approved 50% uplift results in a conversion value of:

$0.000375 per EMYC

This represents the conversion value based on the methodology and 50% uplift communicated to date.

However, following further internal discussions, the Boards and Management Teams are currently considering an increase to the previously announced 50% uplift.

No final decision regarding an increased uplift has been made at this stage. Should an additional uplift be approved, the resulting final EMYC conversion value will be communicated in a separate announcement in the coming days.

Until that announcement is published, holders should regard $0.000375 per EMYC as the conversion value resulting from the currently approved 50% uplift.

### EMYC Smart Contract Freeze

We have also received feedback from holders regarding the timing of the planned EMYC smart contract freeze.

Some holders still have EMYC held on exchanges or custodial wallets, while others have not yet withdrawn their staking positions or claimed their available staking rewards.

To provide additional time for holders to take the necessary actions, we have therefore decided not to freeze the EMYC smart contract immediately following the completion of the 45-day price calculation period.

The EMYC smart contract will remain active for an additional three weeks before the planned freeze. This additional period is provided solely for administrative purposes and will not affect the established 45-day average EMYC market price, which is now final and fixed for the conversion calculation.

During this additional period, holders are strongly encouraged to ensure that they have withdrawn any remaining EMYC from exchanges or custodial services where required and completed any outstanding staking withdrawals or reward claims.

Further information regarding the exact smart contract freeze date will be communicated through E Money Network’s official channels.

The Boards and Management Teams of E Money Network & Scallop

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