Dear bEarn community, first of all Happy New Year and may 2022 be full of happiness, love, health, wealth, and positive vibes! We are very excited to announce what many of our loyal members of the community have been waiting for: BEARNDAO!
What is BEARNDAO?
BEARNDAO’s working mechanism will be similar to Olympus-PRO use of the POL (Protocol owned liquidity) by which the protocol itself can trade the native token of carefully selected projects in exchange for assets.
Thus the purpose of the BEARNDAO is manifold, it will help to benefit the community by distributing the potential profits obtained through the use of the DAO funds by the careful selection and investing into projects with the biggest potential. The higher the margins the greater the gains to distribute amongst users and the lower the risk of unwanted effects such as Impermanent Loss.
It will also benefit other projects to obtain not only sufficient exposure and potential partnership endeavours, but also the necessary liquidity to ensure stability and longevity to their protocols .
Additionally it will benefit the BEARNDAO protocol itself, through the diversification of the treasuries, the long term growth of the liquidity floor and potential fees obtained through DEX and Marketplace trades
This distribution of profits will eventually be done through the use of NFTs as bonds that will be vested during a period of time in order for their owners to obtain their Pro-rata share.
A dashboard to keep track of the treasury’s activities will be made available after BEARNDAO has been live. As well as a NFT marketplace to obtain the NFT bonds.
Merger of bEarn Tokens
All bEarn Ecosystem projects will be merged into the new BEARNDAO protocol. This means there will be a complete migration of all existing bEarn tokens into one single token called $BEARN (which is backed by a basket of assets in the Treasury).
$BEARN token will be the core of the whole ecosystem with many use cases as follows:
- Stake BEARNDAO with #juicy APR
- Governance (Voting power)
- Purchase DAO’s NFT to get shared profit distribution
- SportDefi.bet
- GameFi
- And many more…
Merger details for the bEarn Ecosystem Tokens
Note:
- For bPower members → Please burn the NFT and get the tokens back then do the migration accordingly
- BearnMigrateToken contract: 0xbe1bdA607d8660E0Bc274EB0afA7223D7Ae51f0D
- $BEARN token contract: 0xBB5E26f25a034a7F0c02A3d0628B5f5C681847de
Tokenomics & Distribution:
Ticker: BEARN
Listing price: 4$
Initial Supply: 250k tokens
- Initial Liquidity: 25k tokens(10%)
- bEarn Ecosystem Merger: 200k tokens ( 80%)
- bEarn Compensation: 25k tokens
- BUSD Compensation Part. 2 (9.64%)
- BDO/BUSD 80/20 ( 0.36%)
$500k from the Treasury will be used as follows:
- $250k BUSD to mint 250k $BEARN tokens
- $200k BUSD for Bearn Eco Tokens migration
- $50k worth of $BEARN tokens to be added for liquidity
The migration will start by 23:59 UTC on January 5th, 2022 and it will last 30 days.
→ Please CLICK HERE and follow the instructions.
The first Epoch for BEARNDAO will take place at 14:00 UTC January 12th, 2022.
Stay tuned for more information! This is just the beginning and we have a lot that we are working on to make sure BEARNDAO becomes the most successful DAO on BSC!
About BEARNDAO
BEARNDAO is a cross-chain product in Decentralized Finance (DeFi) that at its core provides yield generation, algorithmic stablecoin, gaming aggregation, cross-chain bridge, cross-chain sports betting, treasury, lending, DEX, yield calculator, lottery, NFTs, and governance on multi-chain: Binance Smart Chain blockchain (BSC), Ethereum blockchain and Polygon.
Follow BEARNDAO on Medium and other channels to not miss any updated news!
Telegram: https://t.me/BEARNDAO_Official
Discord: https://discord.gg/j2TRcSHRe3
Medium: https://bearndao.medium.com
Twitter: https://twitter.com/BEARNDAO
