$BGT pledge
$BGT Pledge is a mechanic that allows you to obtain allocation at a fair 1:1 price
Last updated
$BGT Pledge is a mechanic that allows you to obtain allocation at a fair 1:1 price
Last updated
$BGT Pledging Mechanic
The $BGT pledging mechanic can be used by any:
Reputable person
CT person
Person that is known by the team
The purpose of this mechanic is to commit the $BGT you farmed to our validator, which will then pass the incentives into the $BFD-$HONEY pool as soon as the vault is whitelisted.
The rationale behind this mechanic is to obtain boosts that will result in more $BGT for the $BFD-$HONEY pool, thereby strengthening the flywheel.
To participate, simply DM on Twitter and specify the amount of $BGT you are ready to commit.
We are not buying your $BGT, and you are not selling it—you are committing to locking a certain amount of $BGT for a specific number of days.
If you commit 300 $BGT for 1 month, you will receive a $3,000 allocation
If you commit 300 $BGT for 2 months, you will receive a $7,500 allocation.
If you commit 300 $BGT for 3 months, you will receive a $10,500 allocation.
Allocations are determined at the WL prices [$1.03 per token]
For each 1 $BGT, you receive $10 of allocation (regardless of the amount) for 1 month.
For each additional month of commitment, your allocation increases with a multiplier:
Second month: Allocation increases by 150%.
Third month: Allocation increases by 250%.