And is that easy to say goodbye to 5 Million BUDS
Hey! We are really excited about everything that has been happening lately, we just wanna say thanks for everything! thanks for being here since day 1 and thanks to the new players for joining the community!
Now we just burned 5043913 BUDS forever, until the last burning BUDS post even if a player is not using BUDS to participate in joints crafting or the forge all the other tokens were used to buyback and burn BUDS.
Now, this has changed a bit because we will be launching a BUDS staking system in which players will have a direct benefit from the development of Hashkings
New plans:
- All the BUDS used are still being BURNED directly
- All other tokens but HIVE (obviously) are sold to HIVE
- The HIVE will be used to buy back BUDS and those BUDS will be distributed as staking rewards.
So while we build the staking system we will be storing those HIVE ready for buyback BUDS :)
More information about this staking system will be detailed in upcoming posts, we are focusing now on finishing U.R.F.A, Zcolisseum, and other updates like bulk actions for the farming game, the new set of avatars and our own NFT market for Hashkings assets, and a payment gateway cause hivepay is not working in synergy with the features of our token BUDS.
The Best About BUDS
- Emission rate is limited by the number of Land plots and their respective sprouting time.
- 100% connected to the player's activity, if fewer land plots are being used this means fewer BUDS are being minted,
- Multiple burn mechanisms (EX. Special seeds pools, Joints sale revenue, etc)
- The team CAN NOT create new BUDS, only the players control the creation of new BUDS
- BUDS are the center of Hashkings, all the products that are part of our ecosystem are powered by BUDS.
- SEEDS have a 1% deflation rate per month which started in January 2022
- New features are upcoming increasing its utility within the ecosystem.
And of course on HIVE ;)
