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  1. Announcements

Step by step guide for $EMYC Conversion portal

PreviousE Money Network and Solana integrates to power Compliance Focused BankFi Innovation in Web3NextHow Investors can claim $EMYC tokens

Last updated 4 months ago

This guide will walk you through the process of converting your $SCLP tokens to $EMYC coins using the $EMYC Conversion Portal.

Before you begin:

Ensure you have a web3 wallet like MetaMask or Trust Wallet with your $SCLP holdings, installed on your browser.

You can also have the $SCLP in E Money Wallet and connect through WalletConnect.

Steps:

  1. Visit the EMYC Conversion Portal.

Open your browser and go to

  1. Connect your Wallet.

Click the "Connect Wallet" button. Choose your preferred wallet (e.g., MetaMask, WalletConnect) and follow the on-screen instructions to connect your wallet to the portal.

  1. View your SCLP Balance

Once connected, the portal will display your current $SCLP balance on the Binance Smart Chain (BSC). Make sure you have connected to the Binance Smart Chain (BSC). Click the "Approve" button to ensure that the claiming process takes place smoothly and you don't encounter issues like high gas fees. A web3 wallet pop-up will appear, prompting you to confirm the transaction. This transaction burns your $SCLP tokens.

By default, the approval amount is set to the maximum allowed number of tokens (max unit 256). This eliminates the need for future approvals for subsequent scheduled updates. After this, you’ll have to wait till the scheduled dates and the claim button to become active.

  1. Review the Vesting Schedule:

The portal will display a schedule showing the percentage and amount of $EMYC tokens you will receive at each vesting period. This schedule is calculated based on your current $SCLP balance.

Example: If you hold 1000 $SCLP, the schedule might show:

  • On TGE (Token Generation Event): 12% (120 $SCLP)

  • TGE date + 1 month: 14.67% (146.7 $SCLP)

  • TGE date + 2 months: 14.67% (146.7 $SCLP)

  • TGE date + 6 months: 14.65% (146.5 $SCLP)

  1. Claim $EMYC

Select the “Claim” option to claim your $EMYC (in 1:1 ratio of your current $SCLP holdings) and you also have the option to stake them in one of $EMYC’s highest APR staking pools. All the tokens will be staked in the pool of your choice if you click on "Stake"

  1. Add $EMYC to MetaMask

Open your MetaMask wallet. On the top left corner of the wallet, change the network to Binance Smart Chain. Click the three vertical dots in front under the "Activity" tab on the right hand side of page and select "Import Tokens".

  1. Select the "Custom token" tab. In the "Token contact address" tab, you can enter $EMYC BSC contract address - 0xe3f53c0d48360de764dDc2a1A82c3e6DB5d4624d and click on "Next".

  1. You should see $EMYC on your screen. Click on "Import". You have successfully imported EMYC on BSC on your MetaMask wallet and you can now add your EMYC (BSC) on Metamask.

Additional Notes:

  1. The conversion process uses a 1:1 exchange rate for converting $SCLP to $EMYC. You can claim your accumulated $EMYC tokens even if you miss a claim schedule. For example, if you log in after the 7th month, you can claim 100% of your remaining tokens.

Important Information for Hardware Wallet Users: Hardware wallet users can import their hardware wallet into MetaMask and connect it to the platform.

Connect your hardware wallet to MetaMask.

1. Link your MetaMask to our platform.

2. Convert your $SCLP tokens using the portal.

3. Return on the scheduled date to claim your $EMYC tokens.

For any questions or support, please refer to the $EMYC project documentation or contact the E Money Network Support and Team

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