Finish of MOON, and Launch of Layer 4, BEE
It’s another phase shift, end of layer 3 and beginning of layer 4.
Farming Time Frame
– MOON, Layer3 native token emission ends at block 11832200. (estimated Oct 17th 19:00 UTC).
– BEE, Layer4 native token emission starts at Oct 16th 13:00 UTC (exact block will be announced later)
As you might already have caught, BEE, the native token of HoneyBee will have unlimited supply unlike the previous layers.
Unlimited Supply of Native Token
Unlike the previous layers, Honey, Bear and Moon, the emission of the native token of Layer 4, BEE, will be unlimited.
HoneyFarm considered the ways to give HoneyBeez the best benefit for farming on them, and that was with limited supply native tokens and resetting investment strategies by refreshing the layers.
We believe it’s time to look further, we’re going long with more sustainable features.
Fee Usage Restructured
On HoneyBee, as an appreciation, HoneyFarm team will revise the fee usage structure to give more benefits to HoneyBeez.
It means, harder(More Profitable) Royal Jelly pools, better quality NFT Jelly, faster buy-back&burn, stronger marketing! (feat. Daft Punk)
We will reveal the details in the docs later.
Auto-Compounding Vault — BusyBee
HoneyFarm is going to launch its own auto-compounding vault, BusyBEE. We already have the partners for auto-compounding for HONEY, BEAR and MOON related pools, Beefy and AutoShark. But for BEE, HoneyFarm will provide the same service directly on our own site, HoneyFarm.finance.
The fascinating aspects of BusyBEE are,
1. The lowest fee in the market, and it’s lower for the native pools, BEE-related pools.
2. Vaults will be boosted with various tokens including BEE.
3. Most of the earnings from the fee will be used for BEE buy-back.
There are cooler things about BusyBEE and we will tell you about it soon!
Staking-Lottery — HoneyPot
You know that HoneyFarm is a layered ‘delegated’ yield farming project, right? From that source of income, we have been able to provide more juicy benefits to HoneyBeez than other projects so far. Since we’re restructuring fee usage, we will be able to acquire some budget to launch another feature, HoneyPot.
HoneyPot is a one-of-a-new-kind in the market, it’s a Staking-Lottery that HoneyBeez can earn ‘winning chance’ by staking, and get a great reward when selected randomly by smart-contract.
The winning pot will be way bigger than the lotteries from other similar projects, so it will be satisfactory to HoneyBeez.
The Greatest NFT Jelly — BAYC
The Greatest NFT Jelly EVER, brought to you by Bored Ape Yacht Club (BAYC)
Everyone with an interest in crypto has heard of the Bored Ape Yacht Club (BAYC), because they are some of the highest-valued NFTs in the entire cryptospace.
They have selected one of BAYC to give to HoneyBeez through NFT Jelly!
HoneyBeez staking BEE into the NFT Jelly after pre-IHO will have a chance to win BAYC#330.
One lucky HoneyBee will receive a BAYC NFT worth $150,000.
They’re going to proceed with the pre-IHO for BEE, like as we’ve done for MOON. They believe it’s one of the fairest ways to give equal opportunity to HoneyBeez to participate in layer 4 in advance while preventing bots from ruining the eco-system.
HoneyBeez holding HONEY/BEAR/MOON can participate in the pre-IHO and enjoy the sweet APR and opportunity for BAYC NFT Jelly faster than others!
A new type of layered delegated yield farming project with deflationary tokenomics.
HoneyFarm Finance is a layered delegated yield farming project with deflationary tokenomics of a maximum supply of 24,650 HONEY tokens.