EMO Community Introduces EMOians Principal Protection Act to Safeguard Investments

In a significant move to ensure the security of its community members' investments, the EMO Community has introduced the EMOians Principal Protection Act in 2024. This new regulation guarantees that the principal amount invested by the community remains safe and secure, provided the funds are utilized for the development and marketing of EMOPay.

Key Provisions of the Principal Protection Act

Under the Principal Protection Act, the following provisions have been established:

  1. Minimum Locking Period: Investments are subject to a minimum locking period of three years. This means that the principal amount cannot be withdrawn before this period elapses.
  2. Validity of Funds: Only funds received directly by the management qualify for protection under this act. Coins purchased through peer-to-peer (P2P) transactions do not qualify, as these transactions do not contribute to the development and marketing of EMO.

Timeline for Principal Withdrawal

EMOPay, launched on February 7, 2022, is approaching the end of its three-year locking period on February 7, 2025. With revenue-generating programs commencing in June 2024, the management team overseeing the development of the EMOPay Wallet has announced that principal withdrawals will officially begin in August 2024.

How to Apply for Principal Settlement

To initiate the principal settlement of your investment, follow these steps:

  1. Fill Out the Google Form: Investors must complete the Google Form available at this link.

  2. Terms and Conditions:
    • Restaking of EMO will be considered a withdrawal.
    • Transferring EMO from one wallet to another will also be considered a withdrawal.
    • EMO purchased from any unknown source or P2P that did not support EMO's development or marketing will not be eligible for withdrawal.
    • You must transfer the amount of EMO initially purchased through official channels.
  3. Submit Accurate Information: Ensure all details are correct before submitting the form. Each form submission should correspond to a single wallet.
  4. Verification Process: After form submission, the backend team will verify your details and send a confirmation email after checking your deposit and transaction history.

Estimated Timeline for Principal Settlement

As the EMOVERSE Revenue Generation Program starts in June 2024, the management estimates that all pending principal amounts will be settled within a year, aiming for completion by August 2025.

Community Support and Cooperation

The EMO Community requests all members to support this process to ensure the smooth operation of projects and allow every EMOian to benefit from the EMOVERSE ecosystem. Additionally, members are asked to refrain from calling and disturbing the working community to prevent system slowdowns.

This proactive initiative by the EMO Community underscores its commitment to protecting its members' investments and fostering a robust ecosystem for future growth.


Previous Post Next Post