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;
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 locking address：0x572c4AC1567F1A7ca94dd1B51604a9329841321F
BOX token circulating address：0x8B8E7d71633868ffb75F6EA3b01E70BFB3a3c24C
ETH blockchain browser:
BSC chain contract address：
BOX token locking address：0x275f3d935bA2deb9C4EB5995Bb50B7fF5E573821
BOX token circulating address：0xdF1482af4e2A734fE3Ee39517d898Fd54Dd83904
BSC blockchain browser
*Note: Please pay attention to the contract address. Several tokens are found with the same name, please be cautious about the risk.