$BBRA Tokenomics
Hanging low and swinging free is fine. But sometimes, the $BOOBs need a $BBRA.
Introducing BooBanker Research Association: the premier DeFi, yield-farming DAO protocol that incentives its community to build and take part in the next crypto revolution.
When the idea of BooBanker was conceived along with our native token $BOOB, we knew after launch that some sort of community-derived governance protocol would be in line with our future vision. With the advent of the BooBanker Research Association and its supporting token $BBRA, we know we’ve found the perfect size and fit for our lacey fantasy.
Now with $BBRA to incentive stakeholders and active participants in the network, we finally will be able to merge the three hottest future trends in crypto: DeFi, NFTs, and DAO governance protocols. With what we have planned as well as the input and development of many brilliant minds, the BooBanker Research Association can issue grants to fund development outside of the core team for an ever-expanding ecosystem of value-forward blockchain use cases.
NO PRESALE, NO PREMINE, INITIAL LIQUDITY LOCKED.
As we did with BooBanker, this companion project is a surprise launch. We did this to prevent the early price manipulation of Uniswap bots as well as bad acting whales who seek to buy in early and dump on the rest of us. Following listing, buying is paused to “kill the bot”, then once unpaused it’s game on for everyone.
There’s a lot to cover with our superior tokenomics and unique gamification protocols so let’s jump right in.
Early farmer rewards, NFT burn reductions, HODL incentives and more… oh my!
Token supply
Unlike many projects who start with a soft cap and work up to a hardcap or infinite supply, we decided to unstrap from conformity and slip into something more sultry and appealing.
- Hard Cap: starts at 13,000 tokens
Because of the token burn (described below), the initial supply is the max supply and it burns down rapidly from there.
**Farming will start 12 hours after launch which by then the supply will have been reduced drastically.
Token transfers and burn
- Every buy, sell, stake, unstake and transfer incurs a 6% token burn.
The allocation of the burn is dispersed as follows:
- 2.5% to liquidity; locked forever (helps create ever-increasing price floor)
- 2.5% to 0x0 burn address (can be changed later by DAO)
- 1% to marketing fund (can be changed later by DAO)
As stated above, once the community governance association has been initiated these parameters can be proposed, voted on, and changed. For now, however, we believe these specific burns and allocations will be key for an early success and reduction in the overall supply of these limited tokens.
Dynamic Burn Protocol (DBP)
One of the main reasons for the BooBanker Research Association is to help develop and support our native token $BOOB. In doing this, we created several layers to our DBP that rewards those who invest and believe in the $BOOBs.
- HODLing 100 $BOOB in your wallet reduces the token burn by 0.5%
- Owning a BooBanker NFT can further reduce your burn 0.1%-1%.
(only one NFT counts, and is based on the last one purchased)
The rarity of the NFT will determine the rate reduction of burn; the rarer the NFT, the higher the rate reduction.
If you plan on buying, selling, staking, unstaking, harvesting, and swinging, you can easily see how much you’ll save by taking full advantage of the DBP.
*NOTE: Users can view the DBP reductions on the website and choose to opt-out if they so choose.
Dynamic Farming
Farms open 12 hours after listing
Yield allocations:
- BBRA-ETH — 60%
- BOOB-ETH — 40%
Starting Block: 0.05 BBRA/Block
**Early LP providers (those who stake before farms open) get an extra 10% reward that will last for 1.5 weeks**
More ways to increase your farm yield:
- HODL 100 $BOOB increases reward 5%
- Holding BooBanker NFTs increases reward 1–5% (depending on rarity)
You must hold the same NFT (or a better one) that you had at time of deposit when you choose to harvest. The lesser reward amount is always recognized between deposit and withdrawal time.
HODL your NFT and $BOOB for more $BBRA!!!
With such great rewards must also come certain safeguards to protect the integrity of the magnanimous farming system and all loyal BBRAWLERS.
Early LP withdrawals in the first 4 days will incur penalties as follows:
- d1=33.3%
- d2=20%
- d3=10%
- d4=5%
- d5+=0%
All penalty portions of your farm rewards are burned.
**NOTE: Depositing more LP will restart the clock and automatically withdraw current rewards subjected to the penalty rate if within the allotted time schedule above.
At withdrawal of LP tokens form farming pools, 1% of LP tokens are sent to 0x0 address (locked forever) further increasing liquidity and negating the impact farming withdrawals can have on prices while consumptively decreasing supply.
The current penalty % of your farm (if withdrawn) will be shown on website.
If max supply is reached (highly unlikely) then farms will stop, and sells will occur to bring down supply and restart farming rewards.
Liquidity Perpetuity
Be the first to call to lock to receive 2% of TOTAL liquidity to be locked.
1% of withdrawal lp will be locked forever
Scaled-up Auto-Plutocratic Enterprise (SUPAPE)
Besides the silly name and shoutout to your favorite degen ape, SUPAPE is no laughing matter. What we have here boys is a fresh twist and the future stronghold of well-functioning DAOs, a way for the small Bbrawler’s voice to be heard as loud as the slap and clap of the largest.
The implementation of the SUPAPE will be as follows:
Phase 1
3 days after launch “snapshot” will be implemented and used for off-chain voting. The community will take over the direction of the token through proposals and majority vote.
Phase 2
On-chain governance will be available and all management/ownership of contracts will revert to the DAO.
The community can do many things, including but not limited to:
- Creating secondary coins (e.g. seasonal and game tokens) from the burn of BBRA. They can be permanent or temporary.
- Manage the burn allocations.
- Develop new features for community projects.
- Create grants to fund developers
- …and so much more
Phase 3
This is where SUPAPE would shine and in fact gets its name. In this phase the A-cups could temporarily feign like they were double-D momma jommas.
It works as follows:
- Say you have 100 BBRA voting power but are struggling to make your voice heard among those other Bbrawlers flaunting their newest rack trap. Well, lucky for you, the cosmetic surgeons at the BooBanker Research Association have a solution: stake your BBRA for a specified amount of time (while earning rewards) and automatically increase your voting power by 2x, 3x, even up to 5x!
Final details are still being worked out, but we aim to give every underdeveloped Bbrawler a louder voice in the future of our project.
Initial Liquidity
Initial liquidity will be locked for three days. After unlocking, all BBRA will be burned thus giving a big boost to the remaining tokens as well as creating more scarcity in the ecosystem.
This will allow farmers to farm longer without having to keep an eye on the hard cap. Price won’t be affected and a portion of the burned tokens will go back to permanent liquidity as well.
On top of this, we will be buying back a portion of tokens along with the burn to fund our first “grant development fund” so that the community can get involved. Big things in store frens:)
Thank you for joining us on this wonderful adventure and while you all farm to your heart’s delight, we will be releasing a roadmap and more exciting details on the specifics of the community DAO ownership. Happy Bbrawling y’all!
Etherscan-
$BBRA
$BOOB
https://etherscan.io/token/0xa9c44135b3a87e0688c41cf8c27939a22dd437c9
Uniswap-
$BBRA
$BOOB
https://info.uniswap.org/token/0xa9c44135b3a87e0688c41cf8c27939a22dd437c9
Website: bbra.io
Telegram: https://t.me/BooBankerResearchAssociation
Twitter: https://twitter.com/bbraofficial
Disclaimer: $BBRA & $BOOB tokens are experimental and have no inherent value. Before you purchase $BBRA or $BOOB tokens, you must ensure that the nature, complexity, and risks inherent in the trading of cryptocurrency are suitable for your level of financial risk. The BooBanker Research Association is an experimental game that is not intended as an investment. None of the published content is in any way financial advice and you assume the full responsibility of any financial loss that you may incur. By interacting with this game, you affirm that you have read and agree to these terms, and will not hold BooBanker Research Association or its partners liable for any kind of loss, monetary or otherwise. The products and services presented on this website may only be purchased in jurisdictions where such experimental games are legal.
Just to be clear:
- we are not a bank
- we are not affiliated with Namco or Nintendo
- this is a game
