$HONEY & STAKING
It’s honey time ! 🍯
You was probably wondering how the token will be generated along with thetokenomics, so it’s time to answer it !
STAKING
One of the most important part of the roadmap is certainly the staking. Indeed, it all begin with it and with the $HONEY you generate through this process.
The staking will stay a linear generation of token, each day you’ll generate the same amount of tokens per Crobees NFT. To be fair to all, we are rewarding every minute spent in the staking. The generation is simple, each Crobees NFT will generate 1 $HONEY per day. The actual value generated each day will therefore depend on the price of the token at the time you generate it.
This process will create a selling power and a deflationary dynamic, it is our role and you’ll see it in the next part, to create more demand and a well thought burn process to counter that.
AIRDROP & MUTATION
At first, we will begin with the non tradable token ntHONEY, this token will be generated the same way and for the same amount as the $HONEY. The exact amount of ntHONEY generated through the first part will be airdropped in $HONEY when the token is released that’s why we allocated around 140 000 $HONEY to this process.
Secondly, good news for Crobees Holder, we will do a snapshot at a defined date and each holders will receive an airdrop of 30 $HONEY per Crobees.
TOKENOMICS
We have ran through many simulations to get the best possible tokenomics. This gives us the greatest estimation of token value to give us the best outlook for the future. We decided to launch the token at a price of 0,5$.
- Total supply: 10 000 000 $HONEY
- Launch: 1 000 000 $HONEY
- Staking: 8 000 000 $HONEY
- Team: 500 000 $HONEY
- Marketing: 300 000 $HONEY
- Airdrop & mutation: 200 000 $HONEY
BURN PROCESSES
In order to have a healthy and sustainable future, all the token emission should be regulated by a burn process. Previously we have said, our main concern is to create a long term project so we ran a lot of simulations to see what fit perfectly to this goal.
The $HONEY token will be burnt by various ways, on our roadmap we have planned: Beeshop (marketplace to trade items for $HONEY) and the NFT Launchpad. Both will permit to burn some $HONEY in the long run and in a regular basis:
- Beedrop (Launchpad): a % of fees for the launch of NFT collections in the Beedrop in $HONEY will be burnt
- Beeshop: 50% of the sales will be used to burn the $HONEY
We have a few more ways to burn the $HONEY token that you’ll see during the rest of the roadmap release.
Time to Bee ! 🐝
Enter into the hive
MINT a Crobees: https://app.ebisusbay.com/drops/crobees
Discord: https://discord.gg/BdYExfEJ8v
Twitter: https://twitter.com/The_Crobees
