It’s been a few months since Worbli started our sharedrop to EOS account holders, and the initial sign up momentum has slowed. Our statistics show that fewer new users are claiming their initial sharedrop.

We have promised the community that we will allow Worbli users to claim their sharedrop from multiple EOS accounts. This requires certain changes in our system and introduces technical debt that interferes with our roadmap.

We are certain you all want us to focus on the core functionality of the network and fulfill our mission to enable opportunity for everyone. We have five enterprise grade applications due to launch before June 1st and we have a lot of work to do in order to help these applications launch on time.

With that in mind, we’d like to update everyone on some specific key dates that will affect the sharedrop, hopefully answering some of your questions:

March 1st 00:01 UTC: Users who create an account on the Worbli portal before this date will be eligible to receive the sharedrop. Any new accounts created after this date will not be eligible to claim the sharedrop.

Note: Your account will still be eligible to receive the sharedrop as long as you get AML/KYC verified and claim your tokens before the official sharedrop end date on May 31st, 2019.

After March 1st: Claiming the sharedrop from multiple EOS accounts will be enabled. You will be able to claim from all of your EOS accounts which existed as of our snapshot on September 7th, 2018.

June 1st 00:01 UTC: Sharedrop ends. All tokens that were not claimed at this point will be burned.

This reduces total supply of WBI tokens and increases the share of network resources available for all remaining WBI tokens.

Further, we’ve carefully examined all potential solutions, but unfortunately we will not be able to allow users who had their EOS held on exchanges on the snapshot date (September 7th) to claim their sharedrop.

Legally, we cannot run a compliant chain that enforces KYC and rely on the KYC process of a third-party exchange. Ultimately, relying on information provided by third parties puts us at regulatory risk, so we are forced to allow the sharedrop to be claimed only by non-custodial users.

If you have any questions or comments, stop by our Telegram channel.

To learn more about WORBLI and to set up an account, visit www.worbli.io

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