It’s been more than 5 months since the launch of the bEarn Ecosystem, we have come a long way since then: from a new project with a small number of users to a well-known project with a strong community and a large number of active users.
To celebrate your support and enthusiasm, we are #supa excited to introduce bPower — the most Innovative Loyalty Program in the DeFi space!
Below is a look at how bPower works
bPower is not just a loyalty program, it will be a system where users can earn a lot of benefits with many unique use cases.
Initially, we offer 3 levels of Loyalty:
20 slots for Diamond Hand: lock 50 BFI + 100,000 BDO for 400 bPower index
50 slots for Platinum Hand: lock 25 BFI + 50,000 BDO for 100 bPower index
1000 slots for Golden Hand: lock 5 BFI + 10,000 BDO for 10 bPower index
Screenshot of bPower UI
Note: Stats in the above image is not correct as it’s a mock-up only. Correct stats will be revealed on-site after launch.
Shared profit (distribute weekly) from the ENTIRE bEarn ecosystem: including bLending, bVaults, bLucky, bDex..etc (6.9% goes to Diamond Hand, 7.9% towards Platinum Hand and 15.2% for Golden Hand ~ details to be updated in bFolio weekly)
Take note that the above % is shared among the number of holders. For example: Golden Hands gets 15.2% divide by 1000 per Golden Hand NFT (% ratio will be amended over time to adapt with the developments)
NFTs with bMarket where users can use bPower index to vote for creators who are making NFTs. Creators with enough votes (569 bPower index) can sell their NFTs and voters will earn a 6.9% commission (ratio based on bPower index) on the NFT sales!
The higher the bPower index you have — the more powerful you will be
Users could use the bPower index in the farming pools to stake and earn #juicy APY (new pools to be provided)
Priority list on bDEX’s IDO — allocation based on bPower index
Experience new products in Alpha/Private release
A special NFT collection (500 NFTs) as an extra reward for those who stay for 6 months or longer in the bPower — Loyalty program. Those NFTs will be distributed by 24th Nov 2021 to mark the First Anniversary of the bEarn Ecosystem. (More details to be provided later this year)
More features to be updated/changed as per community’s feedback
How to activate bPower?
In order to activate bPower card, users need to lock an appropriate amount of required tokens: BFI and BDO for a 6 months period and they will receive an NFT as proof of stake → stake the NFT to get bPower index when bDEX live
Below are the terms and conditions:
6 months lock-up, if users unlock sooner than the locking period by burning the NFT, a penalty will be applied and the fine will be distributed to all the active Loyalty members at a flat rate
If Loyalty members burn the NFT and redeem their tokens, their Loyalty membership will be invalidated → availability for new people
Lock-up period resets every 6 months (from day 181) and the countdown will also be reset back to default