eMAID (ERC20 MAID) Beta Test

[Sotros25]

@raulillo

How’s the testing so far?

As @neik mentioned, testing is going well.

@raulillo

Still aiming to lunch EOM (that’s two days’ time)?

Technically, this process has already launched. People have already begun burning Omni MAID and receiving eMAID. For those who did not elect to participate in the beta test (I.e. soft launch), the ability to participate in the process will open up soon.

[metoo]

Great work Sotros and everyone else testing this!

One question; should the max total supply of eMaid equal the number of Omni MAID sent to the burn address? I’m seeing 93,911 in the burn address and 29,611 for eMaid.

[anon61899651]

Emaid can be behind, as omni maid is burned before emaid can be minted.

Emaid should never exceed burned omni maid however.

[Dimitar]

Remember: never send your money before you have passed the KYC verification. If you don’t pass it successfully, there is NO way to get your OMNI tokens back - no one has the private key for them!

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Privacy. Security. Freedom

[neik]

From when you send your omni to the Burn address it can take upto 24 hours for the eMaid to arrive

[Sotros25]

@metoo

should the max total supply of eMaid equal the number of Omni MAID sent to the burn address?

Great question. This is as @anon61899651 and @neik said.

@Sotros25

There may be times where the number of burnt OMNI MAID are more than the number of minted eMAID simply because the Omni MAID must be burnt first.

The minting of eMAID is automated and may take up to 24 hrs. As @Dimitar said, it’s imperative to pass KYC before burning Omni MAID.

[vcp200]

@Sotros25

it’s imperative to pass KYC before burning Omni MAID

who are we giving personal info too?

[Lisa_Brown]

@Dimitar

Remember: never send your money before you have passed the KYC verification

really? is this the case for when I swap my Omni maid for real snt?

[neik]

This is for omni maid to eMaid in line with Swiss requirements

[Lisa_Brown]

That makes sense thanks. As long as MAID don’t require KYC for exchanging from Omni to SNT. Fingers crossed.

[JimCollinson]

See here for what we can say about that at the mo:

eMAID and Exchanges

I want to be clear that the regulatory requirements can change, and we are not in control of that, but as things stand the redemption of SNT should be quite simple, and we don’t foresee a requirement for us to gather private data in order for that to happen. All of that will be laid out in detail in due course.