It’s not just a governance token but a coin to experience the platform in its entirety: this is BUN, the native token of NFT Bunny, which is on sale these days via private sale.
Let’s see what it is all about.
What the BUN token is for
NFT Bunny is a decentralized platform that uses the EthereansOS protocol, an evolution of the DFO. As a Decentralized Flexible Organisation, the BUN token is not only a governance token but also the token that allows to fully experience the functions of NFT Bunny.
In fact, BUN has several purposes.
Firstly, BUN is used to mint NFTs. Additionally, it can be used (together with other cryptocurrencies), to buy NFTs.
When NFT Bunny will be launched, alongside some free features, there will be some premium features, which can be unlocked with BUN tokens.
BUN also allows tipping: users can reward creators by sending them donations without paying commission fees.
BUN will be required when landing and staking functions are introduced, scheduled for 2022. In the case of staking, rewards can be obtained with BUN. In the case of lending, users will be able to gain access to exclusive content and also use NFTs as collateral to obtain loans.
Last but not least, the governance of NFT Bunny is decentralized. BUN token holders will be able to make proposals and vote to decide the future of the platform.
Where to buy BUN
BUN is currently in the presale phase. In the Public Sale, it will be listed at $0.25. It is currently on sale at a much-reduced price for early investors.
After the 3-hour flash sale that sold out and the closing of the 24-hour Seed Round, the presale of the BUN token continues with three rounds. For each round, the discount on the BUN price is reduced, as are the benefits on staking and premium services.
This is a brief summary of the three rounds running from 7 to 22 December,
Presale Round 1
- From 7 December at 3 PM CET to 12 December at 3 PM CET;
- Price: $0.07;
- Discount: 72%.
- Gold Bunny NFT, which provides 25% discount on all premium services on the platform and a 1.25x multiplier on staking rewards;
- minimum investment: $5,000.
Presale Round 2
- From 12 December at 3 PM CET to 17 December at 3 PM CET;
- Price: $0.09;
- Discount: 64%.
- Silver Bunny NFT, which provides 10% discount on all premium services on the platform and a 1.1x multiplier on staking rewards;
- minimum investment: $2,500.
Presale Round 3
- From 17 December at 3 PM CET to 22 December at 3 PM CET
- Price: $0.12;
- Discount: 52%.
- Bronze Bunny NFT, which provides 5% discount on all premium services on the platform and a 1.1x multiplier on staking rewards;
- minimum investment: $1,000
To participate, visit nftbunny.com and sign up for the open presale, entering your personal details, an email address and the investment you are willing to make. The NFT Bunny team will then contact subscribers to formalize the offer.
Ilaria Stirpe, co-founder and creator of NFT Bunny, says:
“The BUN token will be the key to access the rabbit hole. That’s why we wanted to give people the chance to buy it now, at an advantageous price, with various minimum investment thresholds, so that it could be accessible to various target groups. It’s in the spirit of NFT Bunny: a platform for everyone, which wants to reduce the barriers of entry to the NFT world by making simple technological processes such as minting that at first glance are an obstacle for those who are not familiar with the blockchain sector. We will soon launch the platform: it will be a marketplace but also a social network and a space for galleries and virtual events in the metaverse, and the BUN token will be instrumental in experiencing the NFT sector in a completely different way”.
The post All you need to know about the BUN token from NFT Bunny appeared first on The Cryptonomist.
