Bnbring — a 100% decentralized platform, completely initiated, managed and developed by the community. This is a financial experiment, dedicated to the development of the BNBRING DeFi ecosystem. All BNBRING features will be implemented through smart contracts and developed, based on the needs and initiatives of the community.
About the Bnbring project
BNBRING will launch products that meet the needs of the digital market, creating an independent ecosystem. The key link and central core of the BNBRING ecosystem - the BBR (Bring) token. BBR tokens can help to access advanced features of the BNBRING ecosystem and provide holders with opportunities to earn more.
The distribution of BBR tokens is completely decentralized, based on a smart contract. The only way to farm BBR is by staking BNB or liquidity provider LP tokens. BNBRING participants lock their BNB and play a key role in building consensus on the distributed network.
Other features:
| 1 | The amount of BBR, received by users, participating in the farm, is determined by the amount of staked BNB and the lock duration. |
| 2 | Users can stake, withdraw their tokens and withdraw BBR to wallets at any time. |
The number of BBR tokens that will be mined through normal farming is 28,000,000 BBR. The farming process is divided into 7 levels, where the allocated number of tokens decreases with each level. Each level also determines the reward for farming BBR. To scale up farming, BNBRING will launch farming pools for liquidity providers. LP pools (BBR/BNB LP as the first) will be opened after 1,000,000 BBR tokens have been mined through regular BNB staking.
The number of tokens, allocated to the LP pools, is 8,000,000 BBR, each holding 1,000,000 EVT, with the default LP BBR/BNB pool, and the rest of the pools for farming will be chosen by the community through voting. LP pools will be closed when the allotted portion of 1,000,000 BBR tokens has been minted. The 7 levels of BBR token farming include the number of tokens, farmed through LP pools.
More about defi app
Users can participate in staking, add tokens to their stake, issue their staked LP (liquidity provider) tokens and claim BBR tokens at any time. The number of BBR tokens that will be issued through the BBR/BNB LP pool is 1,000,000 EVT. Throughout the farm, every second a block will be generated in the BBR/BNB LP pool, each of which will contain the same number of BBR rewards. The number of BBR tokens that will be distributed among users depending on the amount of their stakes in the block is proportional to the total amount of stakes of all users in the block.