{"id":94002,"date":"2024-02-24T11:46:17","date_gmt":"2024-02-24T11:46:17","guid":{"rendered":"https:\/\/xana.net\/blog\/?p=94002"},"modified":"2024-02-24T11:46:19","modified_gmt":"2024-02-24T11:46:19","slug":"important-update-on-xeta-token-transition-and-management","status":"publish","type":"post","link":"https:\/\/xana.net\/blog\/important-update-on-xeta-token-transition-and-management\/","title":{"rendered":"Important Update on XETA Token Transition and Management"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Dear XANA Community,<br>As we continue to evolve and grow, we are excited to share an important update regarding the management and transition of XETA tokens from the C-Chain to our new native blockchain.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Update: Introduction of the Locker Smart Contract<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure a seamless transition and maintain the integrity of our token economics, we are implementing a Locker Smart Contract. This contract will securely hold all unvested XETA tokens, which were previously in a multi-sig company wallet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why This Step is Crucial<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Secure Holding: The Locker Smart Contract is designed to securely hold the unvested tokens, providing an additional layer of security and transparency.<\/li>\n\n\n\n<li>Regulated Release: This contract will only release a limited number of tokens to the Bridge Smart Contract, ensuring a controlled and stable token supply on the C-Chain.<\/li>\n\n\n\n<li>Maintaining Token Integrity: We are committed to maintaining the value and stability of XETA tokens. This approach helps us manage the supply effectively, especially considering the token&#8217;s presence on various exchanges.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Why We Didn&#8217;t Burn the Unvested Tokens<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exchange Listings: Our token is already listed on several exchanges that do not yet support our new native chain.<\/li>\n\n\n\n<li>Token Availability for Users: To ensure that users crossing over to the C-Chain have access to XETA tokens, we opted to securely store these unvested tokens, rather than burning them.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What This Means for Token Holders<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>No Immediate Action Required<\/em>: As a token holder, you don\u2019t need to take any immediate action. The transition is being managed seamlessly in the background.<\/li>\n\n\n\n<li><em>Continued Accessibility<\/em>: Your tokens remain accessible and functional, just as they have been.<\/li>\n\n\n\n<li><em>Support for Transition<\/em>: We will provide detailed instructions and support for any future steps required in the transition process.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Our Commitment<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">We are dedicated to ensuring a smooth transition for all our stakeholders. This strategic move is aligned with our long-term vision for XANA and its community. We are taking every measure to secure our tokens, support our users, and comply with all regulatory standards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We thank you for your continued support and trust in XANA\/$XETA. Stay tuned for more updates, and please reach out to our support team if you have any questions or need assistance.<br>Best Regards,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear XANA Community,As we continue to evolve and grow, we are excited to share an important update regarding the management and transition of XETA tokens from the C-Chain to our new native blockchain. Key Update: Introduction of the Locker Smart Contract To ensure a seamless transition and maintain the integrity of our token economics, we [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":94050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"swell_btn_cv_data":"","_locale":"en_US","_original_post":"https:\/\/xana.net\/blog\/?p=94002","footnotes":""},"categories":[25],"tags":[],"class_list":["post-94002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xeta","en-US"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Important Update on XETA Token Transition and Management - XANA Blog<\/title>\n<meta name=\"description\" content=\"XANA announces crucial updates on XETA token management and transition from C-Chain to a new native blockchain. Introducing locker smart contracts ensures the safety and integrity of unallocated tokens.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/xana.net\/blog\/important-update-on-xeta-token-transition-and-management\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Important Update on XETA Token Transition and Management - XANA Blog\" \/>\n<meta property=\"og:description\" content=\"XANA announces crucial updates on XETA token management and transition from C-Chain to a new native blockchain. 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