HoneyGenesis NFT is not just an ordinary collectible; it is a value asset with multiple empowering features.
In the current cryptocurrency market, the NFT craze is gradually cooling down, with the core issue being the lack of practical application scenarios. Many NFTs serve merely as tickets for games, used only to unlock characters or levels, leading to a decline in long-term player engagement. To change this situation, the application of NFTs must be linked to long-term incentive mechanisms to truly drive industry development.
HoneyGenesis NFT Benefits Summary
HoneyGenesis NFT is not just an ordinary collectible; it is a value asset with multiple empowering features. Here are the core benefits that users holding HoneyGenesis NFT can enjoy:
Token Airdrop
We will allocate 6.9% of HPOT Token for purchasing Meme Tokens on the Pot2Pump Meme Launchpad. This will create a total value of 13.8% in LP Tokens (refer to Pot2Pump Meme Launch mechanism - https://docs.Honeypotfinance.xyz/products/pot2pump), which can be used for Farming and other DeFi applications.
BeraFarm Game Revenue Sharing
Currently, 15% of the Dreampad Launchpad's new project revenue is permanently allocated to users who stake HoneyGenesis NFT. The team is discussing further increasing this percentage, and it may be raised in the future with community notification.
Pot2Pump $4 Million Incentive
Each holder who successfully launches a Meme Token on DEX will receive the following rewards:
A one-time 5% of LP Tokens (worth $2000 USDT)
All fees received by the platform will be fully refunded in the form of airdrops (an additional 5% of LP Tokens)
Initial assets worth approximately $4000 USDT
Due to the different compositions of LP, the final value of the Tokens may fluctuate. For example, if the price of Bera tokens skyrockets by 5 times, and then the Meme Token rises again, the LP may far exceed the initial value.
RFB Rewards and Bera Airdrop
We have allocated a portion of RFB resources for HoneyGenesis NFT holders.
NFT holders will receive airdrop rewards of Bera tokens.
BeraFarm: A Welfare Distribution Game Combining DeFi and NFT GameFi
As an important part of the Berachain ecosystem, Honeypot Finance has partnered with Berachain's ecological game company Animus Labs to create a brand new on-chain strategy game, providing unprecedented reward mechanisms for NFT participants.
BeraFarm aims to bring dynamic and substantial returns to holders through an NFT staking mechanism. Whether you are a DeFi expert, an NFT collector, or a core member of the Berachain community, BeraFarm offers unique value.
Unique NFT Staking Mechanism: Honeypots 🍯 vs. Bera Bears 🐻
The core mechanism of BeraFarm comes from HoneyGenesis NFT, which holders can stake and randomly transform into one of two forms: Honeypots or Bera Bears. This design adds variability and strategy to the game, requiring each participant to weigh risks and rewards.
Honeypots 🍯 are suitable for users seeking stable returns, obtaining allocations from the Dreampad reward pool through long-term staking. However, if holders unstake before the set time (currently six months), there is a possibility that their NFT may be "stolen" and moved to the Bera Bears reserve pool.
Bera Bears 🐻 are more suitable for adventurous players. Although the returns from staking Bera Bears are less stable, if the right timing is chosen to unstake, they can not only receive allocations from the Bera Bear reward pool but also have a chance to obtain an additional HoneyGenesis NFT (if there is still stock in the reserve pool).
This mechanism adds competitive and gaming elements to BeraFarm, allowing players to devise different strategies when participating in staking.
Future Outlook: The Impact and Development of BeraFarm
As BeraFarm is about to launch on the Berachain mainnet, this is not just a new opportunity for NFT players but also a significant transformation for the Berachain ecosystem. Honeypot Finance hopes to redefine the application of NFTs through BeraFarm and promote other native NFT projects in Berachain to adopt similar dual staking mechanisms, providing more diversified rewards and growth models for the entire ecosystem. The Honeypot Finance team plans to make this interesting NFT game more customizable, allowing the vast majority of Berachain's Utility NFTs to tailor their NFT welfare distribution mechanisms through this game.
The Honeypot Finance team is also working on the development of the Berafarm V2 version. The new version of Berafarm will be able to combine attributes such as Lending and LP deposits, along with Berachain's POL, to increase the yield of the 15% bonus pool, allowing holders participating in NFT staking to enjoy greater returns from activities on the Bear Chain.
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