Cubit ($CBIT) Tokenomics¶
The $CBIT (Cubit) Token is the native governance and rewards token for the CubeDAO ecosystem. Cubit tokens play a central role in CubeDAO’s decentralized structure, incentivizing active participation, enabling governance, and promoting sustainable community growth.
Overview¶
Cubit ($CBIT) is the core token of the CubeDAO ecosystem, serving as a rewards, utility, and governance token. $CBIT enables members to earn rewards, participate in governance, and utilize services within the community-driven platform. $CBIT is an ERC-20 token on the Polygon blockchain, known for its low transaction costs and scalability.
- Ticker: $CBIT
- Blockchain: Polygon (ERC-20 standard)
- Total Supply: 21,000,000 $CBIT
- Contract Address:
[0x4c989B872E96C37bc6fCB2f0fE5FDcaBeCC405a2]
Token Distribution¶
The total supply of $CBIT tokens is capped at 21 million, initially allocated as follows:
Allocation | Percentage | Amount ($CBIT) | Description |
---|---|---|---|
💧 Liquidity Reserves | 50% | 10,500,000 | Reserved for providing liquidity on decentralized and centralized exchanges to support trading activity. Of this, 9,000,000 $CBIT (85%) are locked during infrastructure development, with a linear release scheduled until January 1, 2026. |
🎮 Reward Reserves | 20% | 4,200,000 | Allocated to reward players actively engaging in CubeDAO-related projects. |
💸 Staking Reserves | 15% | 3,150,000 | Set aside to reward members who stake their $CBIT tokens, offering incentives for supporting network stability. Rewards continue until the staking reserve is depleted. |
🏛️ DAO Reserves | 10% | 2,100,000 | Allocated to CubeDAO’s governance wallet, allowing $CBIT holders to participate in governance proposals. |
👥 Core Team Reserves | 5% | 1,050,000 | Reserved for CubeDAO’s core development team to fund long-term development and operational needs. These tokens are released gradually over five years to maintain market stability and build community trust. |
Token Utility¶
$CBIT serves multiple roles within the CubeDAO ecosystem, facilitating participation and governance. Key functionalities include:
- Governance: $CBIT holders can vote on proposals, influencing the strategic direction of CubeDAO.
- Staking: Members can stake $CBIT tokens to earn rewards, contributing to network security.
- Rewards: Active participants in CubeDAO’s games can earn $CBIT, promoting community engagement.
- Conversion from Points: Points earned from the Consensus Rewards Program can be converted to $CBIT at a 10:1 ratio (10 Points = 1 $CBIT).
Rewards and Staking¶
Staking Program¶
$CBIT holders can stake tokens for rewards, choosing from different lock-up periods that offer bonus multipliers:
- 90 Days: 1.25x multiplier
- 360 Days: 2.00x multiplier
- 720 Days: 3.00x multiplier
- 1440 Days: 4.00x multiplier
Early Withdrawal Penalties¶
Stakers can choose to unlock their tokens early with the following penalty fees:
Lock-Up Period | Early Withdrawal Penalty |
---|---|
90 Days | 25% |
360 Days | 10% |
720 Days | 5% |
1440 Days | 2.5% |
Penalty fees are sent to a burn address, permanently removing these tokens from circulation and contributing to deflationary mechanisms.
Liquidity Mining Program¶
$CBIT holders can provide liquidity to earn rewards and trading fees by staking in liquidity pools, such as CBIT/MATIC pairs. Lock-up options for liquidity mining also include multipliers:
- 90 Days: 0.50x multiplier
- 360 Days: 1.00x multiplier
- 720 Days: 1.50x multiplier
- 1440 Days: 2.00x multiplier
Early withdrawal penalties apply to liquidity mining as well, reducing the number of tokens in circulation when early withdrawals occur.
Deflationary Mechanisms¶
CubeDAO incorporates deflationary measures to maintain $CBIT's value over time:
- Burning Penalty Fees: Fees collected from early withdrawals are sent to a burn address, reducing the overall supply.
- Token Burns: Burn events permanently decrease the total supply, creating scarcity and potential value appreciation.
- Variable Points Exchange Rate: The conversion rate of Points to $CBIT can be adjusted to align with the swap delta, maintaining a balanced ecosystem.
Governance¶
As CubeDAO's governance token, $CBIT enables holders to participate in key decisions, including:
- Approval of protocol upgrades and new features
- Allocation of DAO reserves
- Adjustments to rewards or staking parameters
Governance processes empower community members to influence CubeDAO’s growth and structure.
Contract and Key Addresses¶
For transparency and user verification, here are the key contract addresses:
- $CBIT Token Contract:
[0x4c989B872E96C37bc6fCB2f0fE5FDcaBeCC405a2]
- Staking Contract:
[0x8BeCEdE6a784509996b2F0767f1C50Be2AE49751]
- Mining Contract:
[0xDed16db50A686E6ee4564d06F0D22c3f58A60b60]
These contracts ensure the secure and transparent operation of $CBIT within the CubeDAO ecosystem.
The $CBIT token is integral to CubeDAO, driving community participation, supporting decentralized governance, and providing rewards for active engagement. The tokenomics design for $CBIT aims to create a sustainable, incentivized platform that supports CubeDAO's long-term growth and empowers its community.