Important Update for Staking MobieCoin

When Can I Start Staking?

We are thrilled that so many of our community members are excited to begin staking their MBX tokens by using our ERC20 based wMBX and our partnership with Ferrum.

We had originally anticipated staking would go live a few hours from now but are postponing until Friday so we can address any backlog on the MobieSwap Bridge to ensure fairness. The MobieSwap’s bridge is a vital piece of the staking ecosystem as it allows MobieCoin holders to move Stellar-based MBX over to wMBX on the Ethereum network.

After an extremely successful bridge launch just this past Tuesday, we became aware that some early transactions placed during the launch were held up on their way to becoming wMBX.

We would like to apologize for any inconvenience this has caused and assure you that all your MBX are accounted for and that we are working diligently to manually process any transactions that may have stalled during the swap.

We also want to assure our community that we have already released several small updates to help prevent the early stalling that occurred after MobieBridge launched this past Tuesday. This is all part of the beta process and we are applying updates every few hours. We are also working to resolve an issue where some legacy Mobie wallets may not be connecting to the bridge.

Is The Bridge Broken? Can I Still Use It?

The MobieBridge is live and fully operational. Stalled transactions are not impacting new transactions. Users who wish to move assets from stellar-based MBX to Ethereum wrapped wMBX can do so at bridge.mobie.io using these quick steps.

How does this have anything to do with staking?

One of our core values at Mobie is accessibility for all, and democratizing the access to features. We are committed that all token holders who wish to stake should be given a fair chance to do so.

To this end, we will be delaying the launch of staking until we can finish manually processing the stalled transactions so that every token holder can have an equal opportunity to stake their wMBX in the VIP or Standard staking pools.

In Conclusion

We are just as excited as you are to get staking off the ground, and we truly appreciate your patience as we work to make this a level playing field for all community members.

We will keep you updated. Currently, we are estimating that staking will go live tomorrow Friday, April 2nd.

Thank you for your continued support. As always, please reach out to support@mobie.io if you have any issues.

-The Mobie Team