Gold to Nebula Token Swap

If you haven’t heard, GOLD is rebranding to Nebula. This will require a token swap.

The new Nebula token contract has been created. Existing GOLD holders will be able to start swapping GOLD for NEB starting on August 30th around 10pm UTC. The process for swapping can be found further below.

GOLD will be swapped for NEB at a rate of 100 GOLD/1 NEB. GOLD tokens will be burned through the swap, and you will receive NEB tokens in your wallet.

For Example:

100,000 GOLD = 1,000 NEB

1,000,000 GOLD = 10,000 NEB

10,000,000 GOLD = 100,000 NEB

100,000,000 GOLD = 1,000,000 NEB

This conversion will allow for more practical pricing in both TAU and USD per token.

Current remaining supply for GOLD is approximately 39,496,500,000. NEB circulating supply will start at 0 and will increase as holders swap from GOLD to NEB. Maximum Total supply will be approximately 394,965,000 NEB. We have included a “total_supply” function within the token contract to allow us to track how much NEB has been created via the swap contract. A “circulating_supply” function will also be used to track existing total supply less anything burned in the future.

The Nebula team will be the first to swap some of our GOLD to NEB before the swap function is made available to all. This way we can set up initial liquidity for NEB on Rocketswap at a fair ratio to TAU. At that point we will open the swap to all GOLD holders and liquidity providers can swap and move over to the new LP within minutes.

For full transparency, here are some details on what is happening with existing GOLD farms:

GOLD LP – GOLD:

• any remaining emissions will be converted by the Nebula team and a new farm will be created with resulting NEB as soon as possible

RSWP LP – GOLD:

• Rocketswap team will swap the remaining GOLD and resulting NEB will be used for a similar farm

GOLD – GOLD:

• any remaining emissions will be converted by the Nebula team and will be used as emissions in our Nebula Vault* as soon as it is live on our new website

DOUG – GOLD:

• this farm was yet to be released – Nebula team will swap and retain tokens which will be made available as emissions in a future Doug and/or Nebula Vault on the Nebula website

As soon as we swap outstanding GOLD for NEB from these farms, we will provide details on the emissions schedules for new farms.

Emissions from current farms will end on the 29th, and we will endeavour to create the new Nebula LP – NEB farm as quickly as possible to start rewarding new liquidity providers.

*the Nebula Vaults will allow different levels of staking per vault. This way users can access yield from the same vault by holding NEB, by providing liquidity for NEB, or both. Liquidity providers will be able to stake higher amounts in these vaults and will therefore receive higher yields from the vaults. For a relatively short time, liquidity providers will be able to receive remaining farming rewards on Rocketswap while also getting priority access to yield vaults on the Nebula platform. Once the new NEB LP – NEB farm has ended, all rewards for Nebula contributors (holders and LPs) will take place via the Nebula Vaults on our site.

The Nebula Vaults are at the centre of our new platform. They act as both a way to reward our contributors, and as an application for other projects to use. Nebula Vaults are funded in two ways:

1: Application fees on the Nebula platform are accrued in a Vault which can be accessed by the Nebula team and directed into ongoing Yield Vaults for users to access. For example:

• 2% fee on all external (non-Nebula) vaults
• fees on customised token mechanics in Token Builder
• Fees on OTC trading

2. Nebula Protocol – built in mechanics for the NEB token

• 2% tax on all sells on Rocketswap
• 2% tax on all liquidity creation**

**We originally set out to create this protocol with a 2% tax on both buys and sells. Unfortunately, it is impossible to do this without also taxing other transactions on Rocketswap. To make up for this tax on liquidity creation we have removed the tax on buying NEB. This will also ensure liquidity providers are committed to providing liquidity over the long term. There is no tax for withdrawing liquidity, only selling tokens and adding liquidity. Liquidity providers will also be given priority access to Yield Vaults to ensure this 2% tax is directed back to them over the long-term.

How does the tax work?

If you are selling 100 NEB, you will need to hold 102 NEB as the tax is paid on top of the transaction amount. If you try to sell 100% of your tokens you will get error like this:

Alternatively, if you hold 100 tokens, you can sell ~98.04 NEB while the rest is sent to the Vault.

If you are adding liquidity, the maximum you will be able to add is 98% of your NEB holdings, as 2% will be taxed separately and sent to the Vault.

Key Dates:

Start of Swap: Aug 30 2021

End of Swap: Dec 31 2021 (4 months)

GOLD yield withdraw deadline: October 31 2021 (2 months)

Swapping Process:

Swapping is all done through your personal Lamden wallet and GOLD can be held in any address.

1. Make sure you have both the GOLD and Nebula token contracts added to your wallet.

a. Accounts

b. + Accounts & Tokens

c. What to add? – Token

Gold Contract: con_gold_contract

Nebula Contract: con_nebula

2. Add the nebula swap contract in Smart Contracts

a. go to “Smart Contracts”

b. press the “+” sign

c. enter con_nebula into “From Blockchain”

d. hit “OPEN”

e. You have now loaded the contract and can access the SWAP function

3. Now, before we can use that SWAP function, we must pre-approve the amount of GOLD we want to swap.

a. Select GOLD from the wallet token list and hit “approve”

b. Enter the amount of GOLD you want to approve to be swapped and in the “to” field, you enter the name of the Nebula contract (con_nebula)

c. Select NEXT

4. Now that you have pre-approved the swap, you can go back into your loaded Nebula smart contract, and locate the gold_swap function again

a. Now you can enter the amount of GOLD you would like to SWAP for NEB (from the appropriate address holding GOLD)

b. Hit RUN and follow the prompts – select the address with the Gold in it

c. Your GOLD has been burned and NEB issued to your wallet address

Congrats! You have now completed the swap – check your NEB balance and feel free to add your liquidity back as the new pair will have already been added to Rocketswap by the Nebula team. Thanks for your patience. If you have any questions post in the Gold/Nebula or Rocketswap telegram channels and someone will help you.

Nebula team.