GuShiio.com In the current encryption market, the NFT craze is gradually cooling down, and the core problem lies in the lack of practical application scenarios. Many NFTs are only used as admission tickets to games and are only used to unlock characters or levels, resulting in a decline in long-term participation. In order to change this situation, the application of NFT must be linked to long-term incentive mechanisms to truly promote the development of the industry.
HoneyGenesis NFT Benefit Summary
HoneyGenesis NFT is not only an ordinary collectibles, but also a multi-empowering value asset. The following are the core benefits that users with HoneyGenesis NFT can enjoy:
Token Airdrop
We used 6.9% of our HPOT Tokens to purchase Meme Tokens on the Pot2Pump Meme Launchpad. This will create a total value of 13.8% of LP Tokens (refer to Pot2pump Meme Launch mechanism) that can be used in Farming and other DeFi applications.
BeraFarm game revenue sharing
It has been determined that 15% of Dreampad Launchpad’s new revenue will be permanently distributed to users who pledge HoneyGenesis NFT. The team is discussing further increasing this ratio, which may be further increased in the future and the community will be notified.
Pot2Pump $4 million incentive
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Each holder who successfully launches Meme Token on DEX will receive the following rewards:
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One-time 5% LP Token (worth $2000 USDT)
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All fees received by the platform will be refunded in full in the form of airdrops (additional 5% LP Token)
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Initial assets with a total value of approximately $4000 USDT
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Due to the different LP components, the final value of the Token may change. For example, if the price of the Bera token rises fivefold and then the Meme Token rises again, the LP may far exceed the initial value.
RFB rewards and Bera airdrops
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We have allocated a portion of RFB resources for HoneyGenesis NFT holders.
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NFT holders receive airdrop rewards for Bera tokens.
BeraFarm: Combining DeFi and NFT GameFi benefits to distribute games
As an important part of the Berachain ecosystem. This time, Honeypot Finance partnered with Berachain eco-game company Animus Labs to create a new on-chain strategy game that provides NFT participants with an unprecedented reward mechanism.
BeraFarm aims to bring dynamic and generous returns to holders through the NFT Staking mechanism. Whether you are a DeFi expert, an NFT collector, or a member of Berachain’s core community, BeraFarm provides unique value.
Unique NFT pledge mechanism: Honeypots vs. Bera Bears?
BeraFarm’s core mechanism comes from HoneyGenesis NFT, where holders can pledge it and randomly convert it into one of two forms: Honeypots or Bera Bears. This design makes the game full of variables and strategies, and each participant needs to weigh risks and rewards.
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Honeypots is suitable for users who pursue stable income and obtain allocation from the Dreampad reward pool through long-term pledge. However, if holders are defused early within the set time period (currently six months), there is a certain possibility that their NFT will be stolen and moved into Bera Bears ‘reserve pool.
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Bera Bears is more suitable for adventurous players. Although the income from pledging Bera Bears is relatively unstable, if you choose the right time to release the pledge, you will not only get allocation to the Bera Bear reward pool, but you may even have the opportunity to earn an additional HoneyGenesis NFT (if there is still inventory in the reserve pool).
This mechanism adds competitive and gaming elements to BeraFarm, allowing players to formulate different strategies when participating in pledges.
Future Outlook: BeraFarm’s Impact and Development
With BeraFarm coming online on Berachain’s main network, this is not only a new opportunity for NFT players, but also a major change in the Berachain ecosystem. Honeypot Finance not only hopes to redefine the application of NFT through BeraFarm, but also hopes to promote other native NFT projects in Berachain to adopt similar two-party pledge mechanisms to provide more diversified reward and growth models for the entire ecosystem. The Honeypot Finance team plans to make this interesting NFT game more malleable in the future, allowing most Berachain’s Utility NFT to customize their own NFT benefit distribution mechanism through this game.
The Honeypot Finance team is also working on the development of a V2 version of Berafarm. The new version of Berafarm can add Yield to the 15% bonus pool by combining attributes such as Lending, LP Deposit, and Berachain’s POL, so that holders participating in NFT pledges can enjoy more benefits from activities on the bear chain.
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