$sbree #sbree $bree #bree a short thread in which trying to make you understand , why holding it can be a good move currently 📈 it is like next $SNX like next $dao as after mainnet wihich will be launching till august end this can have a huge run. 📈 Smart Contract Audit (1/n)
will be done by august end so,
📌What is $sbree $bree? it is
the native token of CBDAO in laymens terms CBDAO is defined as the incentivised governance
protocol. Currently DAO protocols lack general participation from users but in CBDAO solves this problem (2/n)
📌What dose the CBDAO want? it is created to serve as a sandbox to experiment and roof test
various consensus protocols which help to govern DAO's (Decentralized autonomous Organizations)
📌why sandbox? other DAO's are affected by political pressures from internal and (3/n)
external level this has tendency to affect overall tokenomics of DAO's native token. Sandbox will free of the pressures which will help in researching and implementation of various mechanisms.
📌what can be $sbree used for?
Farming , Staking , Creating protocols and voting (4/n)
📌Farming- Users can farm (earn) $bree by holding other governance assets like $mkr $comp etc. farming rates will be different for all assets.they will be calculated on daily basis with a proper equation i.e,
(MC of governance asset/MC of bree) /staking rates of $bree (5/n)
Do keep note decrease in staking rates will increase the farming rates and vice versa. 📌Staking concept all know the staking rate for $bree is 40%APY and minimum time for staking bree is 30 days which may change 📌creating protocols Users can create protocols with help of (6/n)
giving $bree as fees and that $bree paid in fees will directly burned the same day 📌 Voting can be done with 1 $bree in which 85% will be burned while 10% is shared between winning voters and 5% to the creator of winning proposal 📈 This burning of tokens is the thing i am (7/n)
bullish upon this will affect tokenomics as the supply is 1M around which will be affected as the CBDAO is used more and more which will affect mkcap and price overall
📈Yes this CBDAO is experiment but the way it solves problems of other DAO protocols its fabulous. @CoinBreeder
You can follow @Suraj_Crypto.
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