Tokenomics Breakdown

The following is a breakdown of the tokenomics.

Token chain: Polygon (MATIC) on the Ethereum blockchain

Token standard: ERC-20

Total supply: 500,00,00,000

Token Generation Event (TGE): October, 2022

Digging deeper

Below, we present additional benefits that the Cubix team believes are essential to the tokenomics of a healthy functioning ecosystem.

Burn mechanism. The token’s deflationary rate will be sustained via a burn mechanism, which will be induced by charging users a fee for every transaction that takes place on the Cubix platform.

For every transaction, 50% of the fee is burned. The remaining 50% is allocated to the

treasury, as well as to various CSR initiatives, which are detailed toward the end of

this white paper.

Bridges. The Cubix platform will provide users with its own bridge for cross-chain transactions. However, users will be able to use chain-side bridges via Polygon and

BSC as well, on which the $CUBIX token will be available for purchase, selling, and trading.

Voting rights. $CUBIX Token holders will be able to vote on upcoming events. Increasingly more activities and ways to engage with the ecosystem will be added to support the continued growth of the community.

Staking $CUBIX. By staking $CUBIX tokens, users can earn $CUBIX tokens in kind as a reward. With these tokens, users will be able to purchase items such as special tickets to a sporting event, merchandise, or getting the opportunity to meet a favorite player, the demand for these tokens should increase considerably, thereby impacting price action in a positive manner.

Moreover, $CUBIX token holders will also enjoy voting rights on decisions that affect their favorite teams directly, like choosing a new style of jersey the team will wear before a match. Select $CUBIX token holders will also be eligible to receive exclusive invitations to the VIP suite, where they can watch their favorite players playing live.

Fan Club. Token holders will be able to make purchases in the Fan Club. The Fan Club is a store where all the exclusive events mentioned above can be purchased using the $CUBIX token. (More details on the Fan Club will be made available at a later date.)

Shoppy. The Shoppy store is a store for tangible goods. This is where users can pick up the official merchandise of their favorite teams. Shoppers will be able to select from a wide range of quality products that have been carefully curated for fans.

These products will include autographed t-shirts, footballs, bats, and other timeless memorabilia.

Lastly, ongoing competitions will be held via the store, so that users can compete to win tickets to their favorite live sporting events.

Legal terms

The $CUBIX token is prefunctional, and details, including the token’s utility, are subject to change at a moment’s notice. The Cubix team may choose to add further utility in the future in ways that benefit the ecosystem further.

Moreover, because the team wishes to remain agile and keep options open, with ongoing developments, the team may choose to add more items to the roadmap, should it make sense and benefit the community at large. (For instance, the team is discussing adding an additional game to the platform in the near future.)

Therefore, this document should not be considered a promise for future use cases, but instead, a living, breathing document.