Base Protocol

Dubbz

Austin, TX - July 5, 2024 - Dubbz, a pioneer in gaming and SocialFi, has successfully transitioned its $DUBBZ token and blockchain ecosystem from Ethereum to Base, Coinbase’s cutting-edge layer-2 solution.Key Benefits of the Migration&#34;Our move to Base is a significant step in optimizing the $DUBBZ token for better utility within our ecosystem,&#34; said Kyle McConnell, co-founder of Dubbz. &#34;This migration not only enhances transaction speed and reduces costs but also strengthens our commitment to providing a seamless and efficient experience for our users. We&#39;re excited about the new opportunities this brings for all $DUBBZ holders.&#34;<ul><li>Faster Transactions: Base offers significantly faster transaction speeds, ensuring a seamless user experience for all gaming and financial activities.</li><li>Lower Transaction Costs: Users will benefit from substantially reduced transaction fees, making gaming and financial interactions more cost-effective.</li></ul>Buybacks and BurnsTo help stabilize and increase the value of $DUBBZ, the team is implementing an ongoing token buyback and burn mechanism funded by up to 20% of their current and future platform revenue. This strategy is part of their broader approach to generate consistent revenue streams while ensuring the sustainability of the Dubbz ecosystem.Utility RoadmapComplementing this buyback and burn strategy, the team aims to immediately enhance the utility of the $DUBBZ token alongside its migration to Base. Token holders now gain new on-platform benefits, like cashback rewards, point multipliers, and monthly wager credits. More details can be found on<a href="https://dubbz.com/holders" rel="noopener noreferrer nofollow"> </a>dubbz.com/holders.Gamers can also already wager in USDC on 1v1 matches across a broad range of popular games, faster and with far less fees than on Ethereum. The team next plans to allow wagering in $DUBBZ with no fees.Currently, the token is only available for purchase on decentralized exchanges like Uniswap, but the team is actively seeking central exchange listings to increase accessibility.Rewards for HoldersTo ensure a smooth transition for the Dubbz community, all $DUBBZ holders on Ethereum have received a 1:1 airdrop of their tokens on Base. This means that if you held $DUBBZ on Ethereum, you now have an equivalent amount of $DUBBZ on Base at no additional cost.Holding $DUBBZ now provides platform users with significant new benefits based on their tier, including up to 2% cashback on wagers on 1v1 matches and up to a 30% multiplier on the new quest and points reward system.The reward tiers are as follows:<ul><li>Bronze: Hold $DUBBZ worth at least $1 USD. Benefits include 10% more points per quest completion.</li><li>Silver: Hold $DUBBZ worth at least $50 USD. Benefits include 20% more points per action and 1% cashback on wagers.</li><li>Gold: Hold $DUBBZ worth at least $500 USD. Benefits include 30% more points per action, 2% cashback on wagers, 1% cashback on NFT purchases and sales, and a $5 monthly wager credit.</li></ul>Incentive ProgramsTo complement these new holder benefits, Dubbz is introducing several incentive programs to drive adoption and engagement:<ul><li>Referral Program: Dubbz accounts receive lifetime rewards based on their referrals&#39; on-platform activities. Read full details about the <a href="https://whitepaper.dubbz.com/economic-model-and-growth/referral-program" rel="noopener noreferrer nofollow">Referral Program here</a>.</li><li>Airdrop Campaigns: To reward early adopters and engaged community members, Dubbz has allocated a significant portion of its token supply for community airdrops, giveaway raffles, and more.</li><li>Gamification: Dubbz has introduced a points system that rewards various user activities. These points can be used for exciting future opportunities, ensuring continuous interaction and engagement within the platform.</li></ul>Dubbz Hub Boosts GameFi with SocialFiLastly, the migration to Base paves the way for the <a href="https://dubbz.com/hub" rel="noopener noreferrer nofollow">Dubbz Hub</a>, an innovative SocialFi expansion set to redefine the gaming platform. By leveraging Base&#39;s low fees and fast transaction speeds, Dubbz Hub will provide a superior user experience for gamers, content creators, and game developers. It introduces groundbreaking features such as user-hosted tournaments and matches, enabling faster, cheaper transactions and removing the friction that fees often add in blockchain-based gaming. This ensures that excessive fees do not burden the Dubbz ecosystem or get passed on to users, allowing the community to thrive and succeed.About DubbzDubbz is dedicated to revolutionizing the gaming industry by providing a platform that unites gamers, developers, and creators. Their mission is to create a decentralized, socially-driven ecosystem where everyone can thrive. The ecosystem has now migrated to Base, Coinbase&#39;s secure, low-cost Ethereum layer-2 solution, for faster and cheaper transactions. For more information about their game-changing platform expansion, visit dubbz.com/hub.Contact InformationKyle McConnellDubbz Co-Founder &amp; CEOEmail: kyle&#64;dubbz.comKevin WebsterDubbz Co-Founder &amp; CTOEmail: kevin&#64;dubbz.comFollow Dubbz<ul><li>Twitter:<a href="https://x.com/playdubbz" rel="noopener noreferrer nofollow"> https://x.com/playdubbz</a></li><li>Discord:<a href="https://discord.gg/dubbz" rel="noopener noreferrer nofollow"> https://discord.gg/dubbz</a></li><li>Telegram:<a href="https://t.me/dubbzgaming" rel="noopener noreferrer nofollow"> https://t.me/dubbzgaming</a></li></ul>

"Is $DUBBZ the Sleeping Giant Poised to Lead GameFi on Base?"

Crypto Intelligence

Other articles published on Jul 5, 2024

Bitcoin Price Crashes Below $54,000: Top-5 Reasons

Bitcoin Drops to $53K; Analysts Warn More Trouble Ahead

Bitcoin (BTC) Price Prediction for July 5

BCH Price Reacted Negatively To Mt Gox Redemption, Can It Fall More?

New Airdrops July 2024

Shiba Inu News Today: Is SHIB Coin The BIGGEST LOSER?

Join our free newsletter for daily crypto updates!