The Spoils of the Infiltration (The Liquid Backing Treasury)
The BeraCult is made by the Cult, for the Cult. So, of course we liquid back the NFTs!
The BeraCult NFT's are going to become one of the first Liquid Backed NFTs on Berachain. This means that BeraCult NFTs will be backed by and redeemable for a portion of the project's Liquid Backing Treasury.
The Treasury begun with 50% of mint funds - totalling 2360 BERA initially.
Growing the Liquid Backing Treasury
5% of every BeraCult NFT sale is used to grow the Liquid Backing Treasury.
254 CultyBera NFT's have been reserved for strategic bartnerships to grow the Liquid Backing treasury. Some of the NFTs have been allocated specifically to trade for Honeycomb NFTs OTC to increase our Plug Points (giving us a higher chance of earning Brown Hole Airdrops).
All Rewards and Emissions from our $PLUG and $BULL token swaps (check the Partnooors Page for the specifics).
Growing our Liquid Backing with the RFC Grant
BeraCult received 1877 BERA as our RFC allocation and we have put the funds to work as follows:
538 BERA has been allocated to grow Culty Creative Studio.
338 BERA was used to mint gBERA and deposit it in the gBERA/wBERA pool on Burrbear. Any incentives earned by this pool will be deposited in the Liquid Backing Treasury.
263 BERA was used to purchase 10 BULLAS NFTs OTC which will be diamond pawed to obtain their airdrops. Some of these airdrops will be directly used to grow the Liquid Backing Treasury, others will be paired with $PLUG to allow us to earn more Plug Points.
538 BERA was deployed as a BERA/HONEY LP on BEX to earn BGT. This BGT will be redeemed into BERA and deposited in the Liquid Backing Treasury.
200 BERA was used to seed the CultBera SudoSwap pool.
All of the above funds are currently stored in the BeraCult MultiSig Wallet for safe keeping. We are tracking the Liquid Backing Treasury and will deploy these funds into LiquidMint when their platform is ready to go.
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