Overview
Beraplug is an independent community project within the Berachain and The Honey Jar ecosystem, introducing a novel mechanism to transfer Honey Comb NFTs from short-term holders ("jeets") to long-term holders ("chads"). By implementing a unique game theory model, Beraplug incentivizes community alignment and strengthens the ecosystem's integrity.
Key Features
- $PLUG Token: $PLUG is an ERC-20 compatible token initially launched on the Ethereum mainnet, with plans to migrate to Berachain upon its mainnet release. The token incorporates a 5% tax on each transfer, allocated as follows:
- Brown Hole Mechanism: The Brown Hole is a gamified system designed to redistribute Honey Comb NFTs to dedicated community members. At random intervals, snapshots are taken to assess wallet activities, assigning game points based on factors such as holding duration and transaction behavior. Wallets with higher points have increased chances of receiving redistributed NFTs, promoting long-term engagement.
- Community Partnerships: Beraplug collaborates with various community projects, acquiring productive assets through partnerships. While these assets are held with strong conviction, any rewards they generate are added to the Honey Comb sweep fund, further supporting the ecosystem.
Tokenomics
- Initial Supply: 3.3 billion $PLUG tokens, decreasing over time due to the burn mechanism.
- Distribution:
Why Beraplug?
- Incentivized Community Alignment: By taxing transactions and redistributing assets to committed members, Beraplug fosters a cohesive and engaged community.
- Gamified Redistribution: The Brown Hole mechanism adds an interactive layer to asset distribution, encouraging positive behaviors and long-term participation.
- Strategic Partnerships: Collaborations with other projects enhance the ecosystem's value and provide additional benefits to $PLUG holders.
FAQs
1. What is the purpose of the $PLUG token?
$PLUG serves as the medium for implementing Beraplug's redistribution mechanism, incentivizing long-term holding and community participation.
2. How does the Brown Hole mechanism work?
The Brown Hole collects Honey Comb NFTs acquired through transaction taxes and redistributes them to wallets based on their engagement and holding behaviors, as determined by a point system.
3. What are the benefits of holding $PLUG?
Holders of $PLUG may receive redistributed Honey Comb NFTs, participate in a unique community-driven project, and contribute to the growth and stability of the Berachain ecosystem.
4. How does Beraplug ensure fairness in redistribution?
The point system considers various on-chain behaviors, rewarding long-term holding and penalizing short-term selling, to ensure that committed community members benefit the most.
5. What are the future plans for Beraplug?
Beraplug plans to migrate $PLUG to Berachain upon its mainnet launch, continue developing the Brown Hole mechanism, and expand partnerships to further enrich the ecosystem.
