Announcement:
Change Staking Contract

Hello, commander.

Here is an announcement that the RETA staking holder must check. For an internal upgrade of the RETA staking system, we are launching a new staking contract(RETA StakingV2). The staking contract currently in operation will soon be out of service(StakingV1), and we will operate an improved revenue distribution system in the new contract. Review our work schedule and transfer your assets to a new staking contract.

We found some logical errors in the current RETA staking.

Revenue redistribution in the RETA ecosystem through the staking system lasted 20 weeks. And as you know, the pool of RETA gets smaller and smaller, whereas other assets have to be supplied more and more. However, as the gap between these two gradually widened over the course of 20 weeks, we were able to find an imbalance error in the distribution system in the RETA staking system.

As a result, the RETA currently deposited in the staking pool was distributed more than our plan, while other assets were distributed a little more than our plan. It is not currently fatal and has not had a significant impact on the player’s staking assets. However, we believe that this will pose a major risk to the long-term growth of RETA staking in the future. Then We decided to take the matter seriously.

First we found that redistributing RETA revenue from this ecosystem to Holder was overpaid. In other words, more RETA than the actual ecosystem revenue has already been distributed through staking. To fill this gap, we will accurately calculate the overpaid amount based on the time the StakingV1 contract ends, and supplement it with the team’s sales volume. In addition, we plan to burning all GRT and resources left in this pool and then continue the RETA staking in the new contract.

We have corrected all errors at the moment and are testing improved contracts. In the upcoming server Maintenance schedule, we are planning to update the new StakingV2 contract.

But importantly, we have no right to access the assets of commanders deposited in RETA staking. In other words, the RETA staking holder means that the assets deposited in the V1 contract must be moved to the V2 contract.

Please check the update timeline below and follow our instructions. This is essential for you to sustain the revenue generated by the RETA ecosystem.

We are managing RETA’s tokenomics to the strictest level, not just for Reta Wars, but for the future of new Game-Fi to be added to the RETAVERSE Platform.

We are always making the best choices to maintain the ecosystem’s continuous circulation system, and all of these arrangements are like creating fertile soil. These arrangements will eventually help RETAVERSE grow stronger and taller when it sprouts and begins to grow into a tree. Hopefully, all early holders will be able to taste the fruit when it becomes a huge worldtree that can be observed anywhere on the hill of Game-Fi.