Hey Blazar Force, Wanted to start off with a quick apology with the lack of recent updates, and sparseness in the community. As we all know or most at least, the crypto market has been crashing and punishing holders especially anyone who has joined in the last year or two, I would just like to reassure that this has very little to do with the lack of updates. For those who know me or have been around longer than 1 year, it might be known that I still have to work to provide for my family and run BzB on personal funds as no sales or raises ever took place. So I have been preparing to head out to Alaska once again for 6-8 weeks starting on June 4th. I will be checking in every so often in case of emergencies but will be mostly unreachable, but will return full of sunshine and prepared to get to work on my passion!
So let us talk about the recent vote, the new vote, where we are going into summer and of course the release of the BBY token into the Blazar ecosystem.
The recent snapshot vote to decide the rewards for the upcoming BzB/USDC pool ended with $IGG token taking spot number 1!
The rewards pool will use DFYN to pool the BzB/USDC and the LP tokens from DFYN can be staked at dodoex to earn $IGG tokens. Another post will be created with detailed instructions closer to launch (aiming for end of month)
Upcoming votes that need to be launched. Will be threshold for voting proposals(so anyone meeting the BzB holding threshold can suggest changes to be voted on) this snapshot will take place on May 30th, so if you want a say have BzB in your wallet directly on that day 1 BZB = 1 vote. And a few rewards based votes, one including a treasury vote. Will try to get them all out the 30th and have them run until I get back.
Into the summer BzB will not be inactive, trading can never be stopped and hopefully within the community rewards can start being more fun again! Plans to keep active staking/LP mining, and NFT farming! Look out for possible tournament host, to keep some tournaments going!
AND finally the Big one what BBY why is and what it means for us. BBY just finished a crowd pool event where 1 BZB purchased 2Million BBY, and as of now 2Million BBY buys 1.2 BzB that is about 20% growth already! BBY stands for BlazarBytes these were created to eventually replace BzB as the rewards. BzB has a deflationary supply and no new tokens can be minted so once the original voting tokens go out to interested parties we would still like to reward participation and gamers without dipping into the treasury. So that is where BBY comes in the token contract has a built in transfer tax that reflects what is taxed to all other BBY holders(burn address is a holder), increasing their holdings every tx! So as rewards get sent out each day anyone holding them will earn more and more without having to stake or mine! With such functions do come limitations and as such it will remain a secondary token within the Blazar ecosystem. But top holders can expect some sort of airdrops and other benefits.
Lastly I just want to let everyone know not to give up hope or get washed out of crypto because of a crash. If you have experienced a large loss just know so have many others lots of times in fact, crypto does it, but it goes up just as hard or more so when things turn around. So goal is to survive, don't over leverage, don't yolo, just keep going! And when the sun shines on us again you will laugh at how much you could have bought some btc/eth or random tokens for during these times!