May 6
Xeta Rebrand & Interoperability Update
We’re excited to announce two significant steps for the future of Xeta Reality, or Cubics as it will be called from here onwards.
Firstly, we are upgrading our smart contract on BSC. We will also shortly launch contracts on ETH and Solana to enable better interoperability between our blockchain and existing chains. Secondly, we’re rebranding to Cubics, reflecting our mission of developing simple interfaces for crypto, and our upcoming launch of a voxel-based Metaverse platform.
We are distributing CUBIC tokens to all XETA holders at a rate of 1:1 for users holding XETA on BSC and early adopters who swapped to the XETA network. The XETA smart contract on BSC is discontinued in favor of the new Cubics smart contract.
The current total circulating supply is 1B (as it was before) with 10B max. supply by 2027. By focusing on interoperability with our new smart contracts, we will facilitate swapping between chains by burning/reserving tokens on chain A and minting/releasing tokens on chain B. The future use case will include the seamless transfer of fungible and non-fungible tokens between networks and marketplaces.
Nothing changes in regards to our focus or milestones. We’re making great progress on the final steps towards our voxel-based Metaverse engine launch on the 10th of June 2022. Furthermore, there are some exciting upcoming events, especially the upcoming land sale on Opensea.
Staked Tokens on Xeta
Tokens that were staked on our native blockchain will be reimbursed on our newly launched network, including optimistic yield rewards. If your staking claim was still locked on the 4th of May, we are using the 1st June 2022 as the release date (simply speaking, you will receive staking rewards sooner and have the opportunity to relock again).
Distributed Tokens
CUBIC tokens are distributed 1:1 according to your XETA holdings on BSC and our native chain. You can swap, trade, buy, sell, and do everything you could do previously, using the new contract and the new bridge address.
More announcements will follow shortly. Until then, visit us on our social channels:
https://twitter.com/XetaReality
https://t.me/XetaReality
https://twitter.com/CubicsOfficial
https://t.me/CubicsOfficial
