Dear users,
Greetings! According to Defibox 2021 Roadmap, we will implement our 3 Basic Protocols on multi-chain. This announcement will explain BOX token issuance mechanism on multi-chain. At the moment, BOX tokens are issued on EOS chain, ETH chain and BSC chain, and its mechanism is:
According to Defibox Whitepaper, total supply for BOX token is 5 million, the token issuance mechanism will make sure that the total box supply on all the chains will be ≤ 5 million.
1. BOX tokens are issued on ETH chain and BSC chain respectively, the initial issuance is 5000 BOX on each chain and multi-chain transaction is possible where box token in EOS chain be can transferred to ETH chain or BSC chain;
2. ETH chain and BSC create locking contract address and circulating contract address, BOX tokens on locking contract address + BOX tokens on circulating contract address = 5 million BOX; box token in locking contract address cannot be traded or transferred;
3. BOX tokens on circulating contract addresses of ETH and BSC will be projected to EOS chain, and those projected tokens cannot be traded or transferred; the contract accounts are eth.defi and bsc.defi; The projection is to make sure the total supply of BOX token in EOS chain ≤ 5 million;
4. BOX tokens on EOS chain: unreleased BOX token + circulating supply + circulating supply projected on other chains + burned BOX token = 5 million;
5. This token issuance mechanism will be used for the future possible multi-chain exploration so that total circulating BOX token on all the chains ≤ 5 million;
Multi-chain transaction:
BOX token can be transferred on multi-chain, if a large amount of BOX token is transferred to other chains, the circulating supply of BOX token on EOS chain will be reduced tremendously.
ETH chain contract address:
BOX token:0xC55dEF992A7b6Cff013A1bc83f5B8D04cdFB9d9b
BOX token locking address:0x572c4AC1567F1A7ca94dd1B51604a9329841321F
BOX token circulating address:0x8B8E7d71633868ffb75F6EA3b01E70BFB3a3c24C
ETH blockchain browser:
https://etherscan.io/address/0xc55def992a7b6cff013a1bc83f5b8d04cdfb9d9b
BSC chain contract address:
BOX token:0x708C0e1d2417603D9AcB0AE04FefBB93a7A322ff
BOX token locking address:0x275f3d935bA2deb9C4EB5995Bb50B7fF5E573821
BOX token circulating address:0xdF1482af4e2A734fE3Ee39517d898Fd54Dd83904
BSC blockchain browser
https://bscscan.com/address/0x708c0e1d2417603d9acb0ae04fefbb93a7a322ff#comments
*Note: Please pay attention to the contract address. Several tokens are found with the same name, please be cautious about the risk.
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