EMBR-VOW Migration FAQ
What is happening with the EMBR token?
The EMBR token is sunsetting, and current holders are being integrated into the VOW token ecosystem. The EMBR token will be procedurally burned as holders transition from EMBR to VOW. Learn more about VOW here.
The EMBR token is no longer being supported by Mattr Holdings, the parent company of Embr Labs. We’ve negotiated a deal where EMBR token holders are entitled to an allocation of VOW where this allocation value includes staking rewards earned up to now, and will be calculated with a 3-month median price (before announcement). We invite you to join us over on VOW
Why is Mattr Holdings/Embr Labs making this transition from EMBR to VOW?
As a part of a larger strategic partnership between Mattr Holdings and Enigmatic Smile, this migration is a consequence of aligned values and missions. VOW is a far more established token with utilities and use cases available now, versus EMBR’s theoretical ideas and applications that would have taken more time. Ultimately, we feel strongly that VOW provides the better proposition for long term return on investment.
What will happen to my EMBR tokens?
In an effort to protect people’s investments from malicious manipulation, the BNB in the BNB-EMBR pair has been secured. Consequentially, this means that your EMBR tokens will lose their value. As you claim your rightful allotment of VOW, your EMBR will be collected and burned.
How do I claim my VOW tokens?
We've made this process as simple as possible. Visit embr.org/claim-vow, connect your wallet, and click the colorful button to claim your VOW. We use Hedgey’s new API to ensure the process is seamless, efficient, and safe. Since VOW is on Ethereum, you will receive a small amount of ETH for gas fees to ensure you can complete the claim. This calculated airdrop for gas will occur before the claims interface goes live but cannot be guaranteed to cover gas fees indefinitely due to the volatile nature of cryptocurrencies such as Ethereum. Additional gas may be required. We have a guide to walk you through the process step-by step here.
What is the exchange rate for EMBR to VOW?
The exchange rate for the VOW claim process is calculated by combining your EMBR holdings with staking rewards. The USD value of your total holdings will be determined using a 3-month median rate, and you will receive an equivalent amount in VOW tokens.
What happens to the value of my staked EMBR tokens and accrued rewards?
The value of your staked EMBR and staking rewards, those accrued up to the moment of announcement, will be used to help create the value of your allocation of VOW. The amount of VOW you are able to claim will reflect all of your EMBR holdings + rewards.
What is the Hedgey API and why is Mattr Holdings/Embr Labs using them?
Hedgey is a industry leader in token infrastructure for token teams. We’ve used Hedgey internally for a while and can attest to the quality of their product. Hedgey is allowing us to plug their API into our front-end interface to help make this claim process as smooth as possible. The specific product we are using is highly audited and secure. Review Hedgey’s audits here.
What chain is the VOW token on?
VOW is an Ethereum token. You can find the token details here. You can find the CoinMarketCap page here. Functionally, interacting with Ethereum tokens is virtually identical to interacting with BSC tokens. The biggest difference will be the gas fees - which tend to be higher on Ethereum vs BSC. This is a handy tool on the EthereumScan website that tracks ETH gas fees.
Will I need ETH to claim my VOW tokens?
Yes, you will need a small amount of ETH to claim your VOW. To help cover this cost, we airdropped a small amount of ETH to EMBR holders at the time of the initial announcement. However, due to the volatility of Ethereum and cryptocurrencies, we cannot guarantee that this gas airdrop will cover 100% of the gas fee required to claim indefinitely.
What are the benefits of holding VOW tokens?
VOW is a fully fleshed-out, community-governed token-ecosystem, purpose-built as rewards infrastructure with real-world utility. The bread and butter of the VOW ecosystem lies in its decentralized discount vouchers. What does this ecosystem aim to solve? The centralized issuance of currency.
Vow has a number of utilities and use cases already deployed for holders to benefit from, including staking, borrowing, lending, discount vouchers that can be used in brick-and-mortar stores, and more. With VOW’s anticipated launch of its Layer-2 Blockchain, and the backing of Enigmatic Smile, the VOW token has a bright future ahead of it.
What is a Discount Voucher?
VOW underpins the VOW ecosystem and replicates the mechanics of discount vouchers and/or coupons, but in a decentralized, on-chain format. Learn more about the VOW ecosystem’s discount vouchers here. This is a core utility baked into the VOW ecosystem and represents a promising solution to a serious problem: $7 trillion of lost revenue by retailers.
What is the TLN protocol?
The TLN protocol, or Tokenized Liquidity Notes, is a cornerstone of the VOW ecosystem, designed to provide robust liquidity provisioning. It integrates a variety of features that enhance the utility and value of the VOW token. These features include discount vouchers, which offer tangible savings for users and seamlessly integrate into various retail and reward programs.
Additionally, the protocol supports decentralized lending and borrowing, allowing users to maximize their assets' utility directly on the blockchain. Furthermore, TLN offers staking opportunities, enabling participants to earn rewards, thus promoting active engagement and contributing to network security and liquidity. By combining these functionalities, the TLN protocol ensures seamless and efficient operations within the VOW ecosystem, fostering a dynamic and sustainable financial network. For more information, you can learn more about TLN here.
How does VOW staking work?
There are multiple ways to enter staking within the VOW ecosystem. You can add liquidity to the VOW ecosystem, effectively ‘liquidity staking,’ earning you a 0.25% fee on each transaction made through that VOW/vUSD pool. You can learn more about this staking method here. Additionally, there are other ways to make use of your VOW holdings, through the TLN Protocol. Be sure to visit the TLN Protocol App to access the various resources at your disposal as a VOW holder.
What happens to the EMBR liquidity pool?
The BNB in the EMBR LP were secured in order to prevent malicious manipulation during the migration process. The value of your holdings will be represented in VOW tokens, including staking rewards. Be sure to visit embr.org/claim-vow to get started claiming your VOW!
Is there a deadline to claim my VOW tokens?
There will be about 2 years for EMBR holders to claim their VOW through our interface. Do keep in mind that the gas we’ve airdropped will be calculated for the market conditions of August 2024, and will not indefinitely guarantee you can claim your VOW without purchasing additional ETH for gas.
How will this transition affect the future of Embr Labs and/or Mattr Holdings?
At the heart of Mattr Holdings and Embr Labs’ vision is building products and services that integrate seamless on-chain payments in a way that was previously impossible. We will continue that effort, while collaborating with Enigmatic Smile in their mission to decentralize the issuance of currency.
What is Enigmatic Smile and how are they involved?
Enigmatic Smile, the company behind the VOW ecosystem, is leader in global payment-linked rewards infrastructure, delivering critical infrastructure on a planetary scale. They focus on decentralizing the issuance of currency, and partner with banks and financial services organizations worldwide, like Single.id, Lux Rewards, and Embr Labs, to achieve its goals.
What resources are available for support during this transition?
The Embr Labs team is on standby and ready to help get you set up with VOW. We have support resources available on our Help Center, and you can find us on Discord and Telegram as well. View this guide here to get started. Don’t hesitate to reach out if you need assistance!
How will this change impact the value of my holdings?
Embr Labs, Mattr Holdings, nor Enigmatic Smile can guarantee any specific outcome due to inherently volatile market dynamics beyond our control. However, this decision was given significant consideration about what path forward offers the best long-term prospect for EMBR holders. We believe this transition from EMBR to VOW accomplishes this with the variety of existing utilities and upcoming utilities associated with the VOW token.
What happens if I don’t claim my VOW tokens?
The BNBs in the EMBR-BNB liquidity pool have been secured to prevent malicious manipulation, so your holdings’ value will be reflected in VOW. You don’t have to claim your VOW tokens, technically, but it is the ticket to accessing the value of your holdings. When the time to claim expires, the offer will no longer be available and you will no longer be able to claim.
Are there any risks associated with this transition?
Yes, risks include market dynamics affecting your holdings' value and potential phishing attempts or scams. Follow official instructions, secure your private keys, double-check you are using the embr.org/claim-vow website, and avoid any URLs that ask you to connect your wallet that aren’t embr.org/claim-vow. Stay informed through official Embr Labs and VOW channels.
How can I stay updated on the transition process?
We will continue to communicate through Discord, Telegram, and Twitter. Be wary of impersonators/scammers and only engage with channels, accounts, and handles linked through the embr.org website.
What happens to the EMBR token after the transition?
The EMBR token will no longer be supported. It will continue to exist on the blockchain but without official backing from us.
How will this transition impact Embr Labs' product development?
This transition allows Embr Labs to focus more on building disruptive products and services. By moving away from managing the EMBR token, we can allocate more time and resources to creating cutting-edge payment solutions and advancing our technology. Embr Labs will continue on as an independent operation, but will work closely with Enigmatic Smile and the VOW ecosystem in their efforts.
Will Embr Labs still be involved in the VOW community?
Embr Labs will work closely with Enigmatic Smile but will not be directly involved in the VOW community. We encourage you to stay connected with Embr Labs through our blog and Twitter for updates on our products and developments.
What should I do if I encounter issues during the claim process?
If you encounter any issues during the claim process, don’t hesitate to reach out through available resources. The Help Center is a great place to start, with support articles and a chat-based support feature to ensure you get the help you need. If you begin a support conversation, be sure to include an email with your inquiry to ensure the best experience.
The EMBR token is sunsetting, and current holders are being integrated into the VOW token ecosystem. The EMBR token will be procedurally burned as holders transition from EMBR to VOW. Learn more about VOW here.
The EMBR token is no longer being supported by Mattr Holdings, the parent company of Embr Labs. We’ve negotiated a deal where EMBR token holders are entitled to an allocation of VOW where this allocation value includes staking rewards earned up to now, and will be calculated with a 3-month median price (before announcement). We invite you to join us over on VOW
Why is Mattr Holdings/Embr Labs making this transition from EMBR to VOW?
As a part of a larger strategic partnership between Mattr Holdings and Enigmatic Smile, this migration is a consequence of aligned values and missions. VOW is a far more established token with utilities and use cases available now, versus EMBR’s theoretical ideas and applications that would have taken more time. Ultimately, we feel strongly that VOW provides the better proposition for long term return on investment.
What will happen to my EMBR tokens?
In an effort to protect people’s investments from malicious manipulation, the BNB in the BNB-EMBR pair has been secured. Consequentially, this means that your EMBR tokens will lose their value. As you claim your rightful allotment of VOW, your EMBR will be collected and burned.
How do I claim my VOW tokens?
We've made this process as simple as possible. Visit embr.org/claim-vow, connect your wallet, and click the colorful button to claim your VOW. We use Hedgey’s new API to ensure the process is seamless, efficient, and safe. Since VOW is on Ethereum, you will receive a small amount of ETH for gas fees to ensure you can complete the claim. This calculated airdrop for gas will occur before the claims interface goes live but cannot be guaranteed to cover gas fees indefinitely due to the volatile nature of cryptocurrencies such as Ethereum. Additional gas may be required. We have a guide to walk you through the process step-by step here.
What is the exchange rate for EMBR to VOW?
The exchange rate for the VOW claim process is calculated by combining your EMBR holdings with staking rewards. The USD value of your total holdings will be determined using a 3-month median rate, and you will receive an equivalent amount in VOW tokens.
What happens to the value of my staked EMBR tokens and accrued rewards?
The value of your staked EMBR and staking rewards, those accrued up to the moment of announcement, will be used to help create the value of your allocation of VOW. The amount of VOW you are able to claim will reflect all of your EMBR holdings + rewards.
What is the Hedgey API and why is Mattr Holdings/Embr Labs using them?
Hedgey is a industry leader in token infrastructure for token teams. We’ve used Hedgey internally for a while and can attest to the quality of their product. Hedgey is allowing us to plug their API into our front-end interface to help make this claim process as smooth as possible. The specific product we are using is highly audited and secure. Review Hedgey’s audits here.
What chain is the VOW token on?
VOW is an Ethereum token. You can find the token details here. You can find the CoinMarketCap page here. Functionally, interacting with Ethereum tokens is virtually identical to interacting with BSC tokens. The biggest difference will be the gas fees - which tend to be higher on Ethereum vs BSC. This is a handy tool on the EthereumScan website that tracks ETH gas fees.
Will I need ETH to claim my VOW tokens?
Yes, you will need a small amount of ETH to claim your VOW. To help cover this cost, we airdropped a small amount of ETH to EMBR holders at the time of the initial announcement. However, due to the volatility of Ethereum and cryptocurrencies, we cannot guarantee that this gas airdrop will cover 100% of the gas fee required to claim indefinitely.
What are the benefits of holding VOW tokens?
VOW is a fully fleshed-out, community-governed token-ecosystem, purpose-built as rewards infrastructure with real-world utility. The bread and butter of the VOW ecosystem lies in its decentralized discount vouchers. What does this ecosystem aim to solve? The centralized issuance of currency.
Vow has a number of utilities and use cases already deployed for holders to benefit from, including staking, borrowing, lending, discount vouchers that can be used in brick-and-mortar stores, and more. With VOW’s anticipated launch of its Layer-2 Blockchain, and the backing of Enigmatic Smile, the VOW token has a bright future ahead of it.
What is a Discount Voucher?
VOW underpins the VOW ecosystem and replicates the mechanics of discount vouchers and/or coupons, but in a decentralized, on-chain format. Learn more about the VOW ecosystem’s discount vouchers here. This is a core utility baked into the VOW ecosystem and represents a promising solution to a serious problem: $7 trillion of lost revenue by retailers.
What is the TLN protocol?
The TLN protocol, or Tokenized Liquidity Notes, is a cornerstone of the VOW ecosystem, designed to provide robust liquidity provisioning. It integrates a variety of features that enhance the utility and value of the VOW token. These features include discount vouchers, which offer tangible savings for users and seamlessly integrate into various retail and reward programs.
Additionally, the protocol supports decentralized lending and borrowing, allowing users to maximize their assets' utility directly on the blockchain. Furthermore, TLN offers staking opportunities, enabling participants to earn rewards, thus promoting active engagement and contributing to network security and liquidity. By combining these functionalities, the TLN protocol ensures seamless and efficient operations within the VOW ecosystem, fostering a dynamic and sustainable financial network. For more information, you can learn more about TLN here.
How does VOW staking work?
There are multiple ways to enter staking within the VOW ecosystem. You can add liquidity to the VOW ecosystem, effectively ‘liquidity staking,’ earning you a 0.25% fee on each transaction made through that VOW/vUSD pool. You can learn more about this staking method here. Additionally, there are other ways to make use of your VOW holdings, through the TLN Protocol. Be sure to visit the TLN Protocol App to access the various resources at your disposal as a VOW holder.
What happens to the EMBR liquidity pool?
The BNB in the EMBR LP were secured in order to prevent malicious manipulation during the migration process. The value of your holdings will be represented in VOW tokens, including staking rewards. Be sure to visit embr.org/claim-vow to get started claiming your VOW!
Is there a deadline to claim my VOW tokens?
There will be about 2 years for EMBR holders to claim their VOW through our interface. Do keep in mind that the gas we’ve airdropped will be calculated for the market conditions of August 2024, and will not indefinitely guarantee you can claim your VOW without purchasing additional ETH for gas.
How will this transition affect the future of Embr Labs and/or Mattr Holdings?
At the heart of Mattr Holdings and Embr Labs’ vision is building products and services that integrate seamless on-chain payments in a way that was previously impossible. We will continue that effort, while collaborating with Enigmatic Smile in their mission to decentralize the issuance of currency.
What is Enigmatic Smile and how are they involved?
Enigmatic Smile, the company behind the VOW ecosystem, is leader in global payment-linked rewards infrastructure, delivering critical infrastructure on a planetary scale. They focus on decentralizing the issuance of currency, and partner with banks and financial services organizations worldwide, like Single.id, Lux Rewards, and Embr Labs, to achieve its goals.
What resources are available for support during this transition?
The Embr Labs team is on standby and ready to help get you set up with VOW. We have support resources available on our Help Center, and you can find us on Discord and Telegram as well. View this guide here to get started. Don’t hesitate to reach out if you need assistance!
How will this change impact the value of my holdings?
Embr Labs, Mattr Holdings, nor Enigmatic Smile can guarantee any specific outcome due to inherently volatile market dynamics beyond our control. However, this decision was given significant consideration about what path forward offers the best long-term prospect for EMBR holders. We believe this transition from EMBR to VOW accomplishes this with the variety of existing utilities and upcoming utilities associated with the VOW token.
What happens if I don’t claim my VOW tokens?
The BNBs in the EMBR-BNB liquidity pool have been secured to prevent malicious manipulation, so your holdings’ value will be reflected in VOW. You don’t have to claim your VOW tokens, technically, but it is the ticket to accessing the value of your holdings. When the time to claim expires, the offer will no longer be available and you will no longer be able to claim.
Are there any risks associated with this transition?
Yes, risks include market dynamics affecting your holdings' value and potential phishing attempts or scams. Follow official instructions, secure your private keys, double-check you are using the embr.org/claim-vow website, and avoid any URLs that ask you to connect your wallet that aren’t embr.org/claim-vow. Stay informed through official Embr Labs and VOW channels.
How can I stay updated on the transition process?
We will continue to communicate through Discord, Telegram, and Twitter. Be wary of impersonators/scammers and only engage with channels, accounts, and handles linked through the embr.org website.
What happens to the EMBR token after the transition?
The EMBR token will no longer be supported. It will continue to exist on the blockchain but without official backing from us.
How will this transition impact Embr Labs' product development?
This transition allows Embr Labs to focus more on building disruptive products and services. By moving away from managing the EMBR token, we can allocate more time and resources to creating cutting-edge payment solutions and advancing our technology. Embr Labs will continue on as an independent operation, but will work closely with Enigmatic Smile and the VOW ecosystem in their efforts.
Will Embr Labs still be involved in the VOW community?
Embr Labs will work closely with Enigmatic Smile but will not be directly involved in the VOW community. We encourage you to stay connected with Embr Labs through our blog and Twitter for updates on our products and developments.
What should I do if I encounter issues during the claim process?
If you encounter any issues during the claim process, don’t hesitate to reach out through available resources. The Help Center is a great place to start, with support articles and a chat-based support feature to ensure you get the help you need. If you begin a support conversation, be sure to include an email with your inquiry to ensure the best experience.
Updated on: 05/08/2024
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