Oct 27, 2021
GC is now CBX
All about how your GC turns into CBX
Hey Farmers,
We are all set to go live with CBX.
As we move towards a decentralized future, there’s a lot of exciting stuff ahead. Continue reading to know more about GC to CBX, token listing and more.
Conversion of GC to CBX
Game Coins (GC) are currently the in-game currency in the CropBytes universe. Existing players on CropBytes currently mine and hold GC, which will undergo a technical migration to become CBX tokens instead.
These early adopters will receive CBX in a ratio of 1: 1.12 where they receive 1.12 CBX for every GC they hold. A special airdrop of 1.68 CBX per GC will be made available to the farmers over a period of 15 months from the date of the IEO.
Upon the launch of CBX, 40% of total tokens will be unlocked at the time of launch. After 3 months another 30% of the remaining tokens will unlock monthly at a rate of 2.5% every month for the next 12 months. The balance of 30% will be unlocked based on game activity.
For example:
- A player owning 100 GC will receive 280 CBX on swap (1.12 + 1.68)
- 40% will be unlocked during the launch (112 CBX)
- After 3 months from launch 30% (2.5% each month) for the next 12 months (84 CBX)
- After 3 months from launch 30% will be unlocked based on game activity (84 CBX)
On the day of CBX listing, 40% of your locked CBX tokens will be unlocked. You can use your unlocked CBX tokens to trade, or use it in the game (when it’s enabled), or simply HODL.
After 3 months from launch, another 30% of the remaining tokens will unlock monthly at a rate of 2.5% every month for the next 12 months.
After 3 months from launch, 30% of your locked CBX tokens will start unlocking based on game activity.
