BiG DEAL : Community Benefits

STAKING REWARDS

  • Holders can enjoy up to 30% APR with or without a locking period.
  • Stakers can generate additional revenue by means of our staking program.

    Staking discourages token sales, thereby helping maintain the price of $BiG Tokens. The BiG DEAL staking program has modes for earning $BiG Token interest rewards:
  • Mode 1 | Staking with a lock-in/vesting period
  • Mode 2 | Freehold staking period with zero vesting

In Mode 1:

  • APR would be higher than in Mode 2 because there is a minimum lock-in period for the $BiG Tokens.
  • The interest is calculated and accrued to the account daily. The transfer of the interest to the staker’s personal wallet happens at their behest but with a cool-off period of seven days.
  • Regarding Mode 1 with a lock-in period, the staker will have to stake their $BiG Tokens for a minimum of 180 days, which might change as per market forces.
  • The earned interest is revoked if the $BiG Tokens are unstaked before this vesting period expires.

In Mode 2:

  • There is zero vesting period.
  • The staker is free to unstake at any time.
  • However, there is a cool-off period of seven days.

GOVERNANCE REWARDS

  • Represent voting power on a blockchain project.
  • Recently, they have been integrated into decentralized projects to distribute powers and rights to community members to remain decentralized.
  • Essentially, truly decentralized projects are owned indirectly by the network and have a fiduciary duty back to them.
  • Group A | Comprising members staking more than 5 million $BiG Tokens
  • Group B | Stakeholders holding between 2 million and 5 million $BiG Tokens.

In Governance:

  • BiG DEAL’s top management team will convene regular contact or virtual meetings with the Group A members.
  • These meetings would be restricted to members of Group A.
  • Both Group A and Group B members will have voting rights on the future developments and plans for the BiG Deal platform.
  • The entire process will be implemented on the blockchain.
  • The number of votes per stakeholder or participant is proportional to their $BiG Token stake.
  • Each $BiG Token represents one vote in the decision-making process of the $BiG DEAL platform governance.
  • The more $BiG Tokens members hold in their wallets, the greater their voting power and influence on proposals and decisions.

STAKER LOYALTY REVENUE SHARING

  • Up to 1% of the $BiG Tokens that return to the BiG DEAL platform from the conversion of $BiG Tokens to PLAYs will be shared amongst the stakers.
  • This distribution will happen once weekly and only to those stakers who are part of Group A or B.
  • Staker sharing renders the heavy stakers partners in revenue sharing, rewarding them for their loyalty to BiG DEAL.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BiG Deal

BiG Deal

BiG Deal is the world’s first decentralized auction house with 7+ auction mechanisms, offering amazing deals to its community. It is based on Solana Blockchain.