Dharma ✓
@Dharma_HQ · Your pocket · joined 13 May 2017
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TODAY IS THE DAY!!
The Dharma mobile app will be no longer as of TODAY, NOON PST (in just under 4 hours)
WE STRONGLY ADVISE ALL CUSTOMERS TO REMOVE THEIR FUNDS FROM THEIR WALLETS BEFORE THEN.
More info on what to do on our website: https://t.co/Q4wLgcoT4Y
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PSA to customers who still have funds on the Dharma wallet.
The final upgrade to the Dharma Smart Wallet will take place one week from today, on Friday 18 Feb, which will deprecate the Dharma Smart Wallet App.
More detail in this tweet thread on what that means for you.
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@Dharma_HQ has kicked off the seven-day timelock for our final upgrade to the Dharma Smart Wallet — this upgrade will give users the ability to claim direct ownership of their wallet from another wallet they control. Execution of this upgrade will render the mobile app unusable.
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As a reminder to all Dharma customers-- we will be sunsetting the Dharma app on Feb 19th (more info on that on our website (https://t.co/k5hq5YTHfj)
Please follow the steps to remove your assets from the Dharma wallet.
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@Dharma_HQ @opensea To be honest, I’m pretty sad the Dharma product has been killed off
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11/ You can read more in @OpenSea's blog here:
https://t.co/3ulMjly2r8
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10/ To all Dharma users, past and present — thank you for your support, your feedback, and your enthusiasm. It’s been a pleasure to build for you.
Please go to https://t.co/fTNhonjv2p for instructions on what you need to do now as we sunset the app.
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9/ However, accessing funds through the DApp will be a relatively technical experience, & users will have to pay their own gas fees — we strongly encourage our users to take advantage of the off-boarding experience we've built to empty their wallet at no cost in the next 30 days.
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7/ At the end of the 30 day sunset period, the Dharma team will renounce any remaining control of the Dharma Smart Wallet, & shut down our mobile app.
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8/ Users who have not completed off-boarding will still be able to access funds in their wallet through an open-source DApp that will be permanently hosted through IPFS in a wholly non-custodial experience.
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6/ For the next 30 days…
All transfers out of Dharma wallets will be:
• Free on Ethereum if they are >$100
• Free on Polygon
All sales to bank accounts will be:
• Free on Ethereum if they are >$100
• Free on Polygon
All swaps & purchases of crypto will be disabled.
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4/ We don’t want to shoehorn Dharma's current form-factor into OpenSea's product suite; jamming square pegs in round holes is not in our users' best interests
Instead, we’ll leverage key infrastructure that Dharma has built in a way that fits the unique needs of NFTs for OpenSea
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5/As such, Dharma will be sunsetting the wallet app over the next 30 days
We've put enormous effort into building an experience that makes it easy for users to remove funds from the Dharma wallet during this time. The majority of users will not have to pay a cent in network fees
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3/ NFTs are the focal point of crypto’s entrance into mainstream culture; making buying NFTs as easy as possible on OpenSea will be a force multiplier on this trend.
Our objective is to improve the experience of buying, selling, or minting an NFT on OpenSea for all users.
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1/ On behalf of the entire Dharma organization, we are thrilled to announce that we’re being acquired by @OpenSea.
https://t.co/YGz7U51ZLa
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2/ Over the past 2 years, Dharma has built some of the most seamless experiences for converting fiat to crypto, making it easy for anyone in the US to go from $$ to DeFi.
We'll be bringing this expertise to OS in order to power a mainstream-friendly way to buy, sell, & mint NFTs
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