Distribution Day: 21 September 2023
The distribution of tokens of the 3rd MOBIX stakedrop will start on 21 September 2023, at 09:00 UTC. Since many FET and MOBIX token holders will receive their free $MOBX, the distribution process will take time – so be patient and wait for your $MOBX to arrive in your wallet! Thank you, again, for being a loyal Fetch.ai and MOBIX fan and token holder! What you have seen so far, was just the start. Expect amazing stuff coming out of the Fetch.ai and MOBIX labs in the future!
Today, we announce the 3rd MOBIX stakedrop: 1,000,000 (1 million) MOBX tokens will be distributed shortly after September 15, 2023. Compared to the previous two stakedrops, this 3rd and last MOBIX stakedrop works differently: it’s simpler, faster, and works for FET and MOBX stakers, with an automated proportional and price-adjusted distribution logic.
Since our last MOBIX stakedrop on May 22, our partner Fetch.ai’s and our own systems have evolved and we are now able to provide the most convenient way to participate in the 3rd stakedrop – and reward all loyal FET and MOBX token stakers! We have chosen this snapshot date since the Fetch.ai and MOBIX Families have been busy preparing for the MOBIX demo at IAA Mobility, from September 6th-8th. This 3rd and last stakedrop marks this year’s highlight together with our IAA Mobility MOBIX demo.
On 15 September we will make a snapshot of all FET and MOBX stakers. All token holders who have staked either token by 12:00 GMT on 15 September 2023 will be eligible for a stakedrop distribution automatically. This distribution will occur shortly after the 15th of September 2023.
Proportional Price-Adjusted Distribution Logic
Proportional and price-adjusted means: We will take record the current price at the time of the snapshot for both MOBX and FET and adjust the proportion of the stakedrop going to FET or MOBX stakers depending on the price difference.
Assume that on the day of the stakedrop the MOBX price is .30 cents and the FET price is .90 cents. Assume that on that day I go and buy 1 MOBX and 1 FET and I stake both before the deadline. When the stakedrop completes I will receive 3x as many MOBX for the 1 FET I’m staking as I would receive for the 1 MOBX that I’m staking. (Because it cost me 3x more on that day to buy and stake the FET as it did to buy and stake the MOBX).
Said another way the proportion of the stakedrop going to MOBX or FET stakers will be adjusted to be exactly equivalent on the day for the stakedrop using the market prices on that day.
We hope that you enjoy participating in this event and would like to thank you in advance for your loyal token holdings! You also might want to join our MOBIX communities on Twitter, LinkedIn, and Telegram, and discuss all things ecomobility with the MOBIX team – see you there!