Utility
BUG NFT's aren't just beautiful art, they also come with great utility.
Airdrop Rewards for NFT Holders
Secure your share of the 1,500,000 BUG token airdrop, with 355 $BUG and 355 veBUG per NFT. Leverage your veBUG to earn rewards through voting, fostering long-term commitment to Bug Finance. veBUG is locked forever, $BUG is vested over 12 weeks with 25% available immediately at launch.
Weekly Trading Fee Share
Enjoy a percentage of Bug Finance's weekly trading fees as an NFT holder. Stake your Bug NFT to claim your share, starting at 20% and being reduced to 10% after 6 months.
Months 1-3: 20%
Months 4-6: 15%
Months 7-β: 10%
Royalty Benefits
Benefit from a 3% royalty on each NFT, with 3% allocated to the staking pool. Claim your share of royalties weekly and grow your rewards. There's an extra 2% royalty fee that is designated for the treasury that will be used to bribe & build PoL.
The Swarm Community Access
Join the gated Swarm community and participate in the project's development. Receive early alpha insights and be integral to Bug Finance's future.
Faction Wars
Faction Wars represent competitions aimed at bolstering the Bug Finance platform, or "The Hive." They embody the spirit of unity and camaraderie that runs deep within The Swarm.
Rather than fostering discord, Faction Wars serve to ignite a healthy rivalry among the factions while jointly supporting The Hive's overall success. These events may range from Voting Power Wars to Trading Competitions. Each Faction War concludes with rewards that are shared with the winning faction. However, these rewards aren't merely prizes but are an acknowledgment of the faction's contribution to enhancing and stabilizing the Bug Finance ecosystem.
In essence, Faction Wars amplify the shared objective of all bugs β to ensure the growth and prosperity of The Hive. They demonstrate that while each bug may belong to a different faction, their ultimate allegiance lies with The Hive.
More utility for each tier to be announced
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