The Fias community has shown incredible patience and resilience throughout the token swap process. Today, we’re thrilled to announce a major milestone: the new Fias token contract is live, audited, and ready for distribution! This marks a transformative phase for Fias, aligning it with cutting-edge blockchain technology through the DevvExchange and laying the groundwork for its role as the backbone of metaverse asset liquidity. Below, we break down the critical details, timelines, and strategic updates you need to navigate this relaunch successfully.
Why the Fias Token Swap Matters
The Fias token swap isn’t just a technical upgrade—it’s a strategic leap forward. By transitioning to a native DevvX token, Fias positions itself at the forefront of blockchain innovation. Here’s what this means for you:
- Integration with DevvExchange: A best-in-class, non-custodial exchange platform that’s already garnered attention from enterprise partners and fintech leaders.
- Metaverse Leadership: Fias will serve as the primary liquidity mechanism for all metaverse-based assets on DevvExchange, creating foundational trading pairs for a growing digital financial ecosystem.
- Enhanced Utility: Game developers can now leverage Fias for features like infinite TPS, sub-second atomic swaps, and seamless Web2-to-Web3 asset bridging—capabilities that will revolutionize in-game economies (starting with LitCraft).
Key Dates for the Fias Token Swap
Mark your calendars! Below are the critical deadlines for claiming your new Fias tokens and participating in the market relaunch:
- December 9th, 8 AM UTC: Claim Form Opens
- December 16th, 8 AM UTC: Group 1 Distribution & Market Relaunch
- December 23rd, 8 AM UTC: Group 2 Distribution & Claim Form Closure
Note: The claim portal will remain open for two weeks total (one week before and after the market restart) to ensure all users have ample time to complete their swaps.
How to Claim Your New Fias Tokens
The token swap process varies depending on how and when you acquired your Fias tokens. Follow these instructions carefully:
Group 1: Pre-Hack Token Holders (Before Oct 2, 2024)
- Swap Ratio: 1:1 (No action required if tokens are in a vesting schedule or self-custodied wallet).
- Distribution Date: December 16th, 2024.
Group 2: Post-Hack Purchasers (Oct 2 – Oct 3, 2024)
- Swap Ratio: Calculated as
USD Spent / 0.008175(includes a 100% bonus to offset market irregularities). - Distribution Date: December 23rd, 2024.
MEXC Users
While MEXC won’t support the swap directly, users can still claim tokens via our dedicated portal:
🔗 MEXC Claim Form
Self-Custody Holders
If you traded Fias on Ethereum post-hack, use this guide:
🔗 Self-Custody Swap Instructions
Pro Tip: Some users may fall into multiple groups. Complete all relevant claims to receive your full allocation.
Why the Redistribution Model Changed
To ensure a fair and sustainable relaunch, we’ve revised the token redistribution strategy. Here’s why this benefits all stakeholders:
- Prevents Market Dilution: Excessive tokens from the post-hack period could artificially inflate supply, risking rapid devaluation.
- Counters Bot Exploitation: Opportunistic traders acquired tokens at unfairly low prices during the disruption. Redistribution curbs this imbalance.
- Stabilizes Liquidity: Aligning supply with demand ensures healthier price action and long-term confidence.
Tokenomics Update: An additional 15 million Fias tokens have been burned (40 million total), reducing max supply to 310 million. The original contract will display 350 million, with burns publicly verifiable.
MEXC Exchange Update
Despite extensive negotiations, MEXC’s relisting terms didn’t align with community interests. Here’s our path forward:
- Short-Term: MEXC users must manually claim tokens via our portal (process takes <5 minutes).
- Long-Term: We’re pursuing partnerships with exchanges that support Ethereum-based DevvX tokens, ensuring broader liquidity and visibility.
Why This Matters: Protecting token holder value and maintaining market integrity are non-negotiable. We’re confident this decision upholds both.
The Bigger Picture: Fias & the Future of Metaverse Assets
Fias isn’t just a token—it’s the infrastructure for a new era of digital finance. Here’s how we’re leading the charge:
- DevvExchange Partnership: As one of the first native assets on DevvExchange, Fias will benefit from institutional-grade security, compliance, and scalability.
- LitCraft Integration: Staking mechanisms for guilds/treasuries will debut soon, showcasing Fias’ utility in live gaming economies.
- Global Compliance: Peer-to-peer transactions meet regulatory standards, enabling seamless cross-border metaverse trading.
Support & Next Steps
Have questions? Our dedicated support team is ready to assist:
🔗 Join the Fias Telegram Group
Final Reminders:
- Double-check your eligibility (Group 1 vs. Group 2).
- Submit claims promptly to avoid delays.
- Watch for email confirmations post-claim.
Conclusion
This relaunch isn’t just a reboot—it’s the dawn of Fias as a linchpin of metaverse finance. By aligning with DevvExchange, refining tokenomics, and prioritizing fairness, we’re building an ecosystem where developers, traders, and gamers thrive together. Thank you for standing with us. Let’s make history.
Stay tuned for more updates, and prepare for Fias to take center stage!
Source: Fias Token Swap Update
