ATTENTION: End-of-Life of NET Token
NET Expiration and final extension of NIM Activation grace period
Friday 3:00pm GMT, November 30 2018.
The time has come to announce the last and final chance to activate NIM from NET, as well as the date for the end-of-life of the NET ERC20 token. The sole purpose of NET — allowing its holder to activate a corresponding amount of NIM on the Nimiq Mainnet — dissolves with reaching the deadline to perform such activation.
1. End of NIM Activation
The last chance to activate NIM from your NET is by Friday 3:00pm GMT November 30 2018.
Activation of NIM from NET started February 28. After launching Mainnet on April 14, a generous period of an additional 6 months was provided and recently entered a grace period until the end of October. This grace period is extended a last and final time, providing every NET holder with an ultimate chance to make use of their NET and activate corresponding NIM by going to https://nimiq.com and following the “Activation” link.
NOTE: Activation is a process that includes a KYC step (a process to verify your identity) which takes a bit of time and will require handling during business hours. To not run the risk of missing the deadline, DO NOT wait with Activation until the last days.
2. End-of-life of NET
NET token life will end on Friday 3:00pm GMT November 30 2018.
Halt of trading and delisting of NET must be expected.
NET tokens no longer serve their purpose as soon as they can‘t be used to activate corresponding NIM. Thus the NET token (ERC20) smart contract will be stopped in conjunction with the announced end of NIM Activation. With that, it becomes technically (immutably) impossible to move NET from one address to any other and their effective ‘life’ ends. Users should also expect secondary markets (any exchanging of NET) to halt trading, possibly prior to that date and delist the NET token.
Please share this information with all NET holders.
DISCLAIMER: None of the statements must be viewed as an endorsement or recommendation for Nimiq, any cryptocurrency, or investment product. Neither the information, nor any opinion contained herein constitutes a solicitation or offer by the creators or participants to buy or sell any securities or other financial instruments or provide any investment advice or service.