DexzBitz Token Migration: From Ethereum Classic (ETC) to Waves & DexzBitz Blockchain
Overview
DexzBitz is migrating its DXB token from Ethereum Classic (ETC) to the Waves blockchain and the DexzBitz internal blockchain to enhance scalability, security, and ecosystem growth.
New Token Name & Ticker
- New Token Name: DexzBitz
- New Ticker: DXBE (replacing DXB)
Total Supply
- A fixed supply of 21,000,000 DXBE tokens will be issued.
DXB to DXBE Swap & Price Adjustment
To ensure a smooth transition, all existing DXB tokens will be swapped and burned, with holders receiving DXBE tokens.
How the Swap Works
The DXB to DXBE conversion is based on the last recorded DXB price. Each DXB token will be exchanged for an equivalent number of DXBE tokens to match a $1 valuation per DXBE.
Example Swap Scenarios:
- If 1 DXB = $100, then the holder will receive 100 DXBE tokens.
- If 1 DXB = $142, then the holder will receive 142 DXBE tokens.
This ensures that all investors are fairly compensated for their existing holdings.
Ownership & Governance
DXBE holders will have governance rights in the DexzBitz ecosystem, including:
- Ownership stakes in DexzBitz Exchange
- Rights to DexzBitz domains (DexzBitz.live, DexzBitz.com)
- Influence over branding and future governance decisions
Exchange Listings & Liquidity
- DXBE will be listed on Waves Exchange and at least one additional exchange to ensure liquidity.
BEP20 Token Launch
- A BEP20 version of DXBE will be introduced for cross-chain compatibility and DeFi applications.
NFT Expansion & Ecosystem Growth
DexzBitz is also launching a new NFT collection, further expanding its blockchain presence.
Utility & Benefits of DXBE
DXBE will be integrated into various DexzBitz services, including:
- Trading fee discounts
- Staking rewards
- DeFi services
Future Roadmap
- The migration will be completed this month.
- Additional integrations and ecosystem developments will follow.
Stay updated for the latest developments on the DexzBitz migration!