The Emergence of HunnyDAO’s Phoenix
It's not a surprise that LOVE’s Price is as such.
HUNNYDAO is an OHM Fork. OHM Forks are based on Game theory, BUT have you ever wondered why some investors are more hopeful than others? Because they understand 1 thing and 1 thing only, building the treasury is the key to the success of a project, they could not care less about the price of the token.
Huh!? How about our 1000x potential?
Any treasury is the core/backbone of a centralized/decentralized stable currency, and that’s our end game, a decentralized stable reserve currency for ALL Crypto Casinos out there. UTILITY is the name of the game. We are only here to solve the problems of existing OHM Forks. Probably nothing much.
Growing our treasury
Number 1 priority for 2022. Game theory suggests that the player who is first in and first out always benefits the most, well, we are here to challenge that idea, first and foremost by ensuring sustainability first. A project that lasts for years, decades, and even centuries. You heard me, centuries (That’s if we have not been invaded by aliens). HOW!? Growing the treasury to such an enormous amount, that all we have to do is just stake, sit back, enjoy life as life has intended.
The phoenix, Introducing Kinetic Bonding, Hyper Staking, and other bits and pieces.
Firstly, Kinetic Bonding is summarised as such
MASSIVE DISCOUNT BONDING for LOVE, GET KISS, and Attract HUGS. Simple really.
Follow the steps
1) Kinetic Bond LOVE
2) Hyper Stake LOVE
3) Receive KISS, attract HUGS
4) Use HUGS to redeem LOVE
$LOVE redeemed by $HUG will be contributed by DAO.
AIN'T YOU JUST GIVING MORE LOVE!?
Yes and no, if you have read from the beginning, what is the name of the game? Utility, how do we get there? Building the treasury, simply by offering massive discounts, you are attracting more new funds into the treasury, and as we know this alone benefits massively for everyone in the community.
OK, what’s the catch though?
HUGS are performance vested using the Fibonacci Sequence. Let me explain.
The Fibonacci sequence can be described using a mathematical equation: Xn+2= Xn+1 + Xn
People claim there are many special properties about the numerical sequence, such as the fact that it is “nature’s secret code” for building perfect structures, like the Great Pyramid at Giza or the iconic seashell that likely graced the cover of your school mathematics textbook.
John’s Guide of mathematics
Amount HUG can be claimed after bonding = Total KISS earned x Loyalty Ratio (0–100%) * HCV (0–100%)
Total KISS earned = KISS balance unstake — LOVE balance staked
The loyalty Ratio is based on the Fibonacci Sequence. (If users stake 3 epochs, their Loyalty Ratio is 3%, loyalty ratio is 100 percent after 144 Epochs.)
HCV — Hyper staking control variable: 0–100%
In Karen’s conversation explained
Karen: I Bond BUSD or other available options in exchange for a 100 LOVE = I GET 100 LOVE + 20 HUGS
Support: Yes
Karen: In my Wallet, I will have 100 LOVE + 20 HUGS
Support: Yes
Karen: I STAKE MY 100 LOVE
Support: Yes
Karen: AFTER 8 EPOCHs = (Kiss Earned x Loyalty ratio 3% *HCV)
Karen: if (Kiss Earned x Loyalty ratio 8% *HCV) = 3
Karen: I can turn 3 Hugs into 3 LOVE
Support: Absolutely correct
Karen: Amazing
“Great bonding mechanism, how about rebase bots that take advantage of our rebasing system?”
2nd big change we have is that we will be introducing a new pool with new mechanisms, whilst APY with remain extremely competitive. This new pool will work exactly like the old one with 2 exceptions.
1) Unstaking will trigger a 24-Hour Linear Vesting of UNSTAKED AMOUNT
2) Clock will trigger to reset after any unstaking action is performed.
This effectively renders the rebase bots useless. Front running bots and normal trading bots are part and parcel of BSC every trading pair on BSC, do your own diligence and exercise care when buying into any pairing on PCS or BSC.
A Manual migration into the new pool will be needed and we will inform the community when it's time to do it.
We have been through a great deal last year, and we will continue to strive for excellence. We have been nonstop pushing out more and more functions and utility for the community and this doesn’t stop here, we will continue growing.
TLDR
1) New Kinetic Bonding and Hyper Staking
Benefits
1a) New Funds into the Treasury
1b) Attract new Users
1c) Existing community to have a sustained APY for an indefinite period of time
1d) Selling pressure of $LOVE is reduced with Performance Bonding and Vesting
1e) More opportunities for Dollar Cost Averaging for existing hodlers
2) New LOVE Pool
Benefits
2a) Reduces Selling Pressure of newly minted LOVE
2b) Rebase bots who take advantage of staking and unstaking are rendered useless
More updates in the coming weeks and months. More aggressive marketing is on the way, let's make this happen.
WAGMI
About Hunny
🍯 Hunny aims to be the most engaging and fun DeFi destination built on Binance Smart Chain (BSC). On top of that, they are developing a brand new and unprecedented gamified farming playground ♠️♥️♣️♦️🎰🎲 where every user can enjoy high yields and exciting games at the same time.
🌐 Website: https://dao.hunny.finance/
🌐 Website: https://hunny.finance/
🌐 Website: https://hunnyplay.com/
🌐 Website: https://nft.hunny.finance/
💋 Discord: https://discord.gg/d4fxKZFxPv
💬 Telegram: https://t.me/hunnyfinance
💬 Telegram: https://t.me/hunnyplay
💬 Telegram ANN: https://t.me/HunnyFinanceNews
🐦 Twitter: https://twitter.com/HunnyFinance
👾 Reddit: https://www.reddit.com/r/HunnyFinance/
📝 Medium: https://medium.com/HunnyFinance
📄 Whitepaper: https://docs.hunny.finance/
👨💻 GitHub: https://github.com/hunnyfinance
📧 Email: marketing@hunny.finance
