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With over 100k new CBX holders in the last month and partnerships underway there is a lot going on in the CropBytes metaverse. Integration of CBX mining and burn is in full swing. The team is rolling out one feature at a time.
You can now trade your animal extracts for CBX on the in-game exchange and buy packs with CBX! Extracts / CBX trading pairs will be rolled out for milk, eggs, feather horsehair, Power, fur, truffle, and wool. As game economics is at the center of CropBytes, these markets will enable the circulation of CBX and extracts in the game economy, since CBX mining is not available at the moment. These markets will also enable more players to buy adequate extracts for crafting Breed Feed.
Post that, Assets/CBX trading pairs will be listed to on the CropBytes in-game exchange.
As starter packs are also available for purchase with CBX, Players will be able to sell their extracts for CBX and buy packs for their farms.
Once CBX mining and burn is enabled, the extracts markets will stop and players will be able to burn their extracts for CBX.
Did you know that before CBX, GC was being mined in CropBytes?
Conversion of GC to CBX
Game Coins was the in-game currency in the CropBytes universe. GC underwent a technical migration to become CBX tokens instead.
These early adopters received CBX in a ratio of 1: 1.12 where they received 1.12 CBX for every GC they held. 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 i:e 5th Nov 2021.
40% of total CBX 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% 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.
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