UpBots & SuperBots: A New Era with MBXN
Hello UpBots and SuperBots community!
We’re thrilled to announce a significant and exciting transition in our journey: the launch of our new token, MBXN. Over the past few months, UpBots and SuperBots have faced several challenges, including the fallout from the FTX collapse and more recently, while we launched our new token UBXN, the bankruptcy of our bridge provider, Anyswap.
This setback left us with 20% of our tokens stranded and without a bridge between ETH and BSC and the impossibility to create a new one (they were in charge of the minting) making it difficult to attract new investors and maintain market stability. However, we’ve faced these challenges head-on and are now ready to unveil our new vision with a fresh and energized team at the helm.
The Rebirth of UpBots and SuperBots
UpBots and SuperBots have been revived by a new team of experienced operators in the FINTECH and crypto spaces. The new ambitious mission is clear: to rebuild, innovate and support UpBots & SuperBots reach their full potential, and new heights.
We’ve taken over with a clear mission: to rebuild, innovate, and take UpBots and SuperBots to unprecedented heights.Our first major initiative? Rebuilding the foundations of the platform with a new token, designed to breathe new life into the UpBots ecosystem.Why is this necessary?
Because of the past, of anyswap, the market cap, etc … it had become totally impossible to continue with UBXN or a token simply acting as a Swap. We had to come up with a more robust solution, and that’s where MBXN comes in.
But why MBXN? The “M” in MBXN stands for Monetum, the larger parent organisation of our new team. Monetum.com represents our broader vision of creating a cohesive, innovative financial ecosystem. By integrating this vision into UpBots and SuperBots, we’re setting the stage for a future full of possibilities and growth.
Why Transition to MBXN?
The decision to transition from UBXN to MBXN wasn’t made lightly. It’s a strategic move aimed at solving multiple challenges and positioning us for future success. Here’s why:
- Enhanced Security and Functionality: MBXN will be launched on the Binance Smart Chain (BSC) with enhanced security features and with Permit extension allowing gasless transactions. This makes our platform safer , more robust and more user friendly.
- Revitalized Market Confidence: The transition to MBXN is a signal to our community and potential investors that we’re back, stronger than ever. This move is designed to attract new investors, boost market confidence, and increase our market cap.
- Strategic Integration: By aligning with Monetum, MBXN serves as a bridge to our broader financial ecosystem, enabling us to introduce new functionalities and services that were previously out of reach.
Key Highlights of MBXN
MBXN is not just a replacement for UBXN; it’s a token that will power a multitude of new and existing features across both UpBots and SuperBots. Here’s a closer look at how MBXN will be integrated:
● UpBots Platform:
- Deposits: MBXN will replace UBXN for all deposits on UpBots, streamlining the user experience.
- Trading Fees: Use MBXN to pay for trading fees, making transactions smoother and more cost-effective.
- Algorithm Subscriptions: Pay for your favorite trading algorithms with MBXN, ensuring you always have access to the best tools.
● SuperBots Platform:
- Performance and Transaction Fees: MBXN will be used to automatically cover transaction and performance fees within vault trades, ensuring seamless operations.
- Algorithm Performance Fees: SuperBots operates on a performance fee basis, meaning if you profit, we profit. MBXN will be integral in these transactions, aligning our success with yours.
The token will be used as reward, in the staking pool, and will get more and more usage over time, with many future and exciting integrations.
What This Means for Users
For UpBots Users:
● Automatic Airdrop: Upon the official launch of MBXN, users will receive an automatic airdrop on their UpBots Wallet. You don’t need to do anything! You’ll receive the equivalent value in MBXN for your UBXN holdings at the time of the snapshot. UBXN tokens, while no longer in active use, will remain visible and can be withdrawn from the app.
For Stakers and Holders on ETH, BSC, LP Pools, etc.:
● Claim Your MBXN: Users will be able to claim their MBXN tokens, consolidating their holdings from various tools (excluding UpBots, which has its own system). This claim process will occur on BSC, with a link provided at the official launch, keeping the same $ equivalent + 20%.
● New Liquidity Pools: We’re adding new liquidity pools to allow staking of MBXN or adding liquidity, providing more opportunities to engage with the platform and earn rewards.
Tokenomics
Let’s dive into the specifics of MBXN.
The total supply will be 500 million MBXN, with a launch price of $0.06 on BSC. MBXN will continue to utilise a token burn mechanism, reducing supply as fees are collected to support long-term value.
Token Allocation Breakdown:
● Partnerships, Marketing, and Advisors (30%)
- Allocation: 30% of total supply
- Details: These tokens will foster strategic alliances, promote MBXN, and engage in consultancy services to drive growth and adoption.
● Future Incentives or Airdrops (10%)
- Allocation: 10% of total supply
- Details: Locked for future incentives or airdrop events to increase user engagement, reward community loyalty, and encourage participation in the MBXN ecosystem.
● Liquidity on CEXs or DEXs (15%)
- Allocation: 15% of total supply
- Details: Ensuring ample liquidity and smooth trading on both centralized and decentralized exchanges. These tokens will be partially locked and gradually released over a 12-month period.
● Rewards/Staking Rewards/Burn of Tokens (20%)
- Allocation: 20% of total supply
- Details: Incentivising holders to stake their MBXN tokens, contributing to network security and stability. Stakers will receive additional MBXN tokens as rewards. Some specific events like the burning of tokens are also planned.
● Founding Team (5%)
- Allocation: 5% of total supply
- Details: Compensation for the founding team’s efforts, aligning their interests with the project’s success. These tokens will be subject to a vesting schedule to ensure long-term commitment.
● Company Operating Expenses and Research & Development (20%)
- Allocation: 20% of total supply
- Details: Covering operational costs and ongoing R&D efforts to support continuous improvement and innovation within the MBXN ecosystem.
Vesting Schedule and Liquidity Release
To ensure a stable and sustainable growth of MBXN, we have implemented a vesting schedule for the tokens allocated to the founding team and a gradual release plan for liquidity on exchanges. This approach will help in maintaining the token’s price stability and accessibility over time.
Roadmap
Our roadmap for the next 36 months is ambitious and designed to drive significant growth and innovation. Here’s a detailed look at our planned milestones:
1–6 Months
● Add Liquidity on MBXN Pairs: Focus on increasing liquidity on MBXN pairs and work towards listing MBXN on larger exchanges to boost visibility and accessibility. (Coinstore being the first exchange to list MBXN)
● MBXN as the Main Economic Driver: Establish MBXN as the primary economic driver of UpBots and SuperBots, emphasizing its role in trading bot algos and revenue generation.
● List New Margin Trading Bots or Algos on UpBots: Introduce new margin trading bots or algorithms to enhance revenue streams for MBXN holders and platform users.
● New Exchanges & Blockchains Integration: Expand the platform’s reach by launching on new exchanges and integrating additional blockchains, attracting new users and forging new partnerships.
6–12 Months
● Initiate Copy Trading with Key Opinion Leaders: Collaborate with prominent figures in the crypto trading community to kickstart copy trading features, fostering community engagement and trust.
● Vaults with Leverage: Introduce vaults with leverage options to boost user profits and Total Value Locked (TVL) on SuperBots, pioneering this feature in the market.
● Community Growth: Implement strategies to foster community growth, including regular engagement activities, educational resources, and incentives to encourage active participation and expansion.
● Additional Services : integrate Monetum Fintech solutions to include crypto friendly IBANs for token holders, access to institutional grade liquidity, fee free trading just to name a few
12–36 Months
● Mobile App Development: Develop mobile applications for both iOS and Android platforms to facilitate large-scale user acquisition and enhance accessibility.
● Boost Social Copy Trading: Drive community involvement in social copy trading, encouraging active participation and fostering a collaborative trading environment.
● Vault Creator Functionality: Empower the community by allowing them to create their own vaults and earn fees by sharing their trading strategies, promoting decentralisation and community-driven innovation.
We’re excited about the future and believe MBXN will provide the solid foundation needed for our continued success.
Thank you for being part of this journey with us. Let’s make this transition smooth and look forward to all the opportunities ahead!
Please join the UpBots & SuperBots Telegram group for further discussions and information: https://t.me/upbots
