Happy New Year, dear MOBIX Community!
Do not fear, but we will postpone the start of the conversion of MOBIX Miles into MOBX tokens. We explain this decision below – however, the most relevant aspect for you: The new start date does not have any impact on the amount of staked MOBX and/or MOBIX Miles to be converted. It solely impacts the time at which you can start swapping MOBIX Miles in for MOBX.
After some eventful days right before last x-mas, the MOBIX team spent some time marveling at their presents, but not for too long! Fueled by the launch of the MOBIX Wallet, the possibility to earn MOBIX Miles for using micromobility, and the MOBX token’s first utility: Staking right from the MOBIX Wallet, MOBIX has been getting some serious traction over the last 2 weeks. 1.4 million MOBX are already have been staked!!!
This increased visibility and awareness has had effects on the backend – we had to improve scalability and some functionality of the MOBIX Wallet. Additionally there are some users who are trying to cheat by gaming the system and „engineering“ MOBIX Miles, instead of earning them rightfully. We will neither accept that some people steal MOBIX Miles, nor that good MOBIX community members who have earned their MOBIX Miles rightfully would suffer because they’d have to be shared with users who acquired their MOBIiX Miles by unfair means. To improve scalability we need to invest more time in development.
Then, our partner Fetch.ai will complete the Capricorn network upgrade in Q1 (probably February). This requires changes for MOBIX to ensure a smooth transition after the network upgrade. These are also going into our development roadmap in the same period.
Both things combined are the reason for today’s decision to postpone the start of converting MOBIX Miles to MOBX until after the Fetch.ai network upgrade is up and running. Again, this decision does not have any impact on MOBX staking and/or MOBIX Miles to be converted. It solely impacts the time at which you can start swapping MOBIX Miles in for MOBX. We will announce the new start date as soon as all development plans have been confirmed.