Step by step guide for $EMYC Conversion portal

How to Convert Your SCLP Tokens to EMYC Coins on convert.emoney.io

As a part of transitioning support from SCLP to EMYC, users will be able to start converting their SCLP tokens to EMYC on the TGE.

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 installed on your browser.

• Make sure your SCLP tokens are stored in your web3 wallet, like Trust Wallet.

Steps:

1. Visit the EMYC Conversion Portal: Open your browser and go to convert.emoney.io

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

3. View your SCLP Balance: Once connected, the portal will display your current SCLP balance on the Binance Smart Chain (BSC), Ethereum Mainnet. (Polygon coming soon).

4. 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. Convert SCLP:

• Click the "Convert SCLP" button.

• A web3 wallet pop-up will appear, prompting you to confirm the "Approve" transaction. This transaction grants the portal permission to burn your SCLP tokens. By default, the approval amount is set to the maximum allowed number of tokens (max uint256). This eliminates the need for future approvals for subsequent scheduled updates.

• Once you confirm, another pop-up will ask you to sign a transaction to interact with the EMYC Conversion Smart Contract for burning your SCLP tokens. Confirm this transaction on either BSC, ETH mainnet, or Polygon depending on where your SCLP tokens are.

1. Recalculate or Reset Schedule (Optional):

• If your SCLP balance has changed after connecting your wallet, click the "Recalculate" button to update the schedule based on your new balance.

• To revert to the previous (active) schedule, click the "Reset" button.

1. Claim EMYC:

• You can claim your vested EMYC tokens during the designated vesting periods.

• During the claiming period, the "Claim" button for that period will be active and stay active. Click the "Claim" button, and the portal will verify your wallet address and claim the EMYC according to the schedule.

• If your claim is valid, EMYC tokens will be transferred to your wallet address.

You have to ‘Add E Money Network to MetaMask' to view your EMYC token in the E Money Network chain. (coming soon)

Additional Notes:

• 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 vesting period. 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. 4. Click on 'Add E Money Network to MetaMask' to add the network. (Coming soon) 5. Your EMYC tokens will now appear in your wallet.

• SCLP tokens locked in a staking contract can be claimed from the staking portal after the staking period ends. Once claimed, they can be converted to EMYC through the EMYC Conversion Portal. The vesting period applies only for the first 6 months after the EMYC TGE.

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