Yes they rest everything. Now it's like you have never played the Beta. But you know you have, you have memories of you playing as your guardian. But the sad truth is it's just a memory now and your guardian is gone and is never coming back just think of him/her being MIA. But this is the last time this will happen. On the 9th of September you will create another you will forget all about ur beta character. Be Brave my fellow and Become the Legend and follow your Destiny.