$revBRLY
Overview
The $revBRLY token score is a pivotal component of the Berally ecosystem, providing users with additional governance and financial benefits. By locking $BRLY tokens, users receive $revBRLY, which will be counted to gain governance rights and dividends from platform revenue. This system encourages sustained engagement and long-term commitment, aligning user interests with the platform's overall success and stability.
How it Works
Acquisition of $revBRLY: Users can obtain $revBRLY token score by locking their $BRLY. The amount of $revBRLY awarded depends on the locked duration, with longer locks generate higher amounts. This system incentivizes users to commit their $BRLY tokens for extended periods, thereby stabilizing the token supply and supporting the platform's long-term growth.
Benefit of having $revBRLY:
Governance Rights: Allowing users to participate in key decisions affecting the Berally platform. This includes voting on proposals, changes in platform policies, and control the emission and incentives into platform categories.
Dividends: Users receive a share of the platform's revenue, specifically 60% of all platform revenue. This income stream provides a continuous reward for holders, encouraging long-term staking and deeper engagement with the platform.
Multiplier Formula:
The multiplier ranges from 1X to 2.5X the amount of $BRLY locked, increase gradually from day 1 locking to day 183 locking.
Withdrawal
Users can unlock the $BRLY they locked at any time, and receive 100% of staked $BRLY after a 7-day unlocking period.
Upon unlock, they will no longer receive the benefits of having $revBRLY.
Upon unlock, the $revBRLY multipiler will be reset to 1x, regardless of the unlocking amount.
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