$revBRLY
Last updated
Last updated
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.
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.
The multiplier ranges from 1X to 2.5X the amount of $BRLY locked, increase gradually from day 1 locking to day 183 locking.
Users can unlock the $BRLY they locked at any time. Upon withdrawal, they will no longer receive the benefits of having $revBRLY. Furthermore, the next time they lock their $BRLY, the $revBRLY multiplier will be reset, starting from day 1 again.