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Hi guys, great news, we did it!
You will need to download a wallet. Recommended is "perawallet"
You will need to email the investor relations team.
Here you will need to detail your holdings complete with proof. You will need this proof to indicate it is AFTER the consolidation.
You will need to follow their further instructions. Which now includes details on how to give them your wallet address. This is very important to COPY AND PASTE. Any incorrect address will result in losing your tokens!
You will probably then need to wait for your tokens to arrive.
Its not overly complex, and now it has been a path established is easier. We had issues establishing the channel and what constitutes proof of holdings and when. But that it is done now.
The hard part will be navigation of PeraWallet for those who aren't adept with that kind of thing and have never seen crypto.
Congratulations and well done PG.does this mean that you have managed to bypass your platform(AJ bell i think), or was the process facilitated by them? just wondering about this in the context of how to approach HL in my case.
Morning Italian and PureG. and thanks for your trouble.
But I may be stuck on first base here. Does our holding with our respective brokers, for which we have already received cash payments, not constitute proof?
Is there any significance PureG as far as you are aware, in the term 'PeraWallet'? All that comes to mind with me is the tennis player Bernarda Pera.
Yes, we have bypassed the brokers. I am with AJ Bell but also trading 212 which I believe use ii. I have received the tokens for both portions.
Yes that does count as proof Albert. The quickest method is to download your holding statement from your respective broker. But you can also ask your broker to detail this in a headed letter for you. However this takes longer. I wouldn't go in detail about the reasons why you require this information with your broker in case they kick up a fuss.
PeraWallet is merely a brand of wallet. Think of it as your current account provider. PeraWallet is recommended as it's owned by Algorand, who of course the new owners Napster.
The.Italian, this method does work with H.L as I know of someone who has cleared their tokens with H.L as their broker.
Thanks very much for that PG.greatly appreciated.right i will gird up my loins(are we allowed to say that these days?)ready for the fray(i am not feeling comfortable about the crypto as no experience but will give it a go.does this mean that the 12month lock in isn't going to apply or are you just getting the tokens safely in your wallet unreadiness for next year? once again thanks for the very helpful info.
Yep the lock in will still apply. I have just been to the pub so memory might not serve me perfectly but I am fairly confident the lock in isn't from when you receive the tokens but from the 31st march 2023.
Once again,very good of you to respond,particularly after a trip to the pub.yes 12 months from 31st march would be my understanding..much obliged for your help.
Many thanks for the intel PG. However I am struggling to find the email address of investor relations or even which organisation’s IR that is. No clues on the Algorand website.
Ir@napsterfoundation.org
Very helpful again,PG.thanks.
Just to let you know H&L have requested Napster cease distribution of tokens to their clients immediately while they review the procedure.
Thanks for that,PG.just out of interest,how did you find this out? ive heard nothing from HL as yet.
Afternoon Italian and PureG
Did HL give any particular reason for this PureG, as far as you know?
I admit I haven't had a go at it myself. (a) I might end up deleting everything, and (b) Algo/Naps have played fair with us re the cash segments so I have every confidence they will see this through. It may have taken a little longer than we originally thought, but then these things always do.
Evening albert .a bit like you i have just left things for a while to see what happens with HL. wili be interesting to see what they say about the tokens in due course,
Yes agreed that they have ultimately played fair in regards to payments. The CFO personally arranged the transfer of my tokens and seems like a genuine guy.
Re H&L, the information came from Napster's end, and was relayed to me by a fellow investor. If you are with H&L you will not be receiving your tokens this way for now, as H&L are currently blocking this process. H&L will be reviewing the process and if they are satisfied with it then it will be offered once again for H&L clients.
Seeing as they are unwilling to handle crypto I imagine they will ultimately be satisfied with the principal of the process, however may put in place additional authentication.
Thanks PD. appreciate the reply
Further to PG’s note on 20 July I sent an email to Napster investor relations that same day but have not had any response or acknowledgement in reply. Perhaps the H&L episode has affected the Napster approach to all UK institutions holding shares on behalf of multiple investors. Halifax in my case.
Glennstar, that is certainly possible and also probably likely. I have just checked the chain and no one has received tokens in the last twelve days so maybe this holds water
Morning - Anyone got any more token updates. Nothing at all from II, I've asked them for news but nothing back.
Nothing from HL for me.
Hi all,
Just had an email from HL, Napster was dissolved in May. Tokens have been credited so phoned HL, was told that tokens have been credited to individuals but HL has no process for receiving or distributing. They will email when more is known
Yes had same email.it states that the napster group holdings have been removed from my accounts,but this does not affect my entitlement to the tokens,as to which they will contact me when they have more detail..
Any idea what price the tokens are trading at?
Kaba I don't believe the napster network has publicly launched yet and so theres no market for the tokens for now.