Everclear will migrate the NEXT token to CLEAR on December 6 and launch a new tokenomics model

ChainCatcher message, the intent-based cross-chain bridge settlement layer Everclear has passed an important proposal to migrate the NEXT token to CLEAR. According to the announcement, this migration will start on December 6 at 21:00 and will coincide with the launch of a three-month first-quarter reward program, with a total reward pool of 6.25 million CLEAR tokens.

Among them, 1.75 million CLEAR will be allocated to vbCLEAR stakers, and 4.5 million will be used to incentivize solvers. In terms of migration, NEXT holders on the L2 network will automatically upgrade to CLEAR, while NEXT holders on the Ethereum mainnet will need to manually perform a 1:1 migration. The newly launched voting binding system allows users to lock CLEAR for up to two years to obtain vbCLEAR, participate in governance, and receive protocol revenue sharing.