Welcome to the discussion. And thanks for your timely response.
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Technically, this whole game is instanced. There is no true open world here.
But from what I get, just don't be in a dungeon when you start the transfer; log out in any area that is not 1-8 man related and you should be fine. I hope.
See this is the trouble, this has not been done before so we dont know what to expect. In some MMO's there are certain things that get completely reset and other things that you would think have high importance... are untouched.
We could end up having our entire quest series, from 1-50 barring main story, completely reset and available to be completed again, after a World Transfer. But since this is not a negative in any way, SE might think it unworthy of being mentioned. This is just one experience i have been through in an MMO when attempting to transfer a character to another realm. Of course, i doubt this will be the case but with something that has not been done before, we just dont know.