Over the past year or so, the team have been working to bring you a platform that functions as a seamless gateway between cryptocurrency, CeFi, DeFi and Non-Fungible Tokens (NFTs). With the DeFi NFT Wallet now available in alpha for download, it comes with great excitement to announce the launch of the $BURP** token.
Since the launch of the DeFi NFT Wallet ahead of the token launch, over 30k people have registered for the priority list. Due to the popularity, additional rounds have been created so that everyone can get in. A huge thanks goes out to everyone who has already registered their interest, you’ll soon be receiving an email when the $BURP** token is fully launched.
$BURP** Token Details
Not interested in launching a token for the sake of it, the $BURP** token is going to be highly functional and very rewarding. The broader the use-case, the better the asset, which is why $BURP** token can be staked, used for DAO governance, provide holders with the chance to win exclusive NFTs from partners, and much more.
$BURP** holders will be able to stake their tokens in the DeFi NFT Wallet app, allowing users to generate APY for staking, as well as becoming eligible for the NFT raffles.
CEO; Peter Wood, had this to say about the upcoming token launch:
“Thrilled to be launching a native utility and governance token, $BURP**! Users will be able to stake it in the DeFi NFT Wallet for a whole array of unique rewards such as a yield, NFT raffles and more. When the DAO launches, the token will become so much more! Needless to say, the community has been eagerly waiting for the launch, and it’s not long until they’ll be able to get their hands on $BURP.**”
Staking, NFT Rewards & Governance
As mentioned earlier, by staking $BURP** in the Non-Custodial NFT wallet, you become eligible to win rare NFTs from selected partners. In addition, newly issued NFTs will feature a unique staking multiplier, thus increasing the benefits for holders in the future.
But that’s just the start, on top of this users can also earn $BURP** as 20% of fees will be distributed to $BURP** stakers to ensure sustainability and keep it evolving for years to come.
Here’s a quick breakdown of $BURP** tokenomics going forward:
- 500 million maximum supply to be reached by 2028
- 47% of these will reach end-users
- 11% to early backers and advisors
- 17% to private rounds
- 25% to be retained by the team
In the future public sale (June 2021), we’ll be offering up to 1% of $BURP’s** supply, with no issuance schedule, giving you the option to trade our token from the get-go.
The engagement from the community has been overwhelmingly positive, thank you again for all the support and watch this space!
** The above tokens are issued by Cede Fields LTD (a company incorporated in the British Virgin Islands) and distributed by Kucoin and Gate.io.
Cryptocurrencies are generally not regulated and investors do not have access to recourse or compensation schemes such as, for example, in the UK, the Financial Ombudsman Service or the Financial Services Compensation Scheme. Investing in cryptocurrencies can be high risk and investors should carefully evaluate their appetite for risk and their understanding of trading cryptocurrencies prior to entering into a transaction.