Place/Date: - April 8th, 2022 at 3:51 pm UTC · 4 min read
Contact: Black Bear Finance, Source: Black Bear Finance
Emerging DeFi and GameFi project Black Bear Finance is preparing to launch its play-to-earn gaming platform to provide collectible NFT experience with various game mechanics and incentivize users to support wildlife conservation.
Black Bear Finance differs from existing crypto charity projects as it incentivizes users to contribute directly and indirectly to a long-term sustainable effort towards conservation.
Many projects seem to fail in the development and sustainability of their intentions. Upon launch, their token loses its value, and overall, the funding of the charitable organizations begins to dry up.
Firmly rooted in conservation, Black Bear Finance aims to protect land and endangered species through sustainable activities. The platform employs multiple innovative ways to incentivize and mobilize philanthropic contributions to conservation initiatives.
Black Bear Finance will launch its own utility token, $BEAR, to incentivize contribution through various mechanisms. The benefits include, staking, play-to-earn gaming economy, yield farming, payments, visa card integration, NFT marketplace, and more.
The token will be the foundation that offers benefits to the members of the community and supports the entire ecosystem. The development will focus on creating more utility, awareness, and partnerships that create a real-world impact. Users can also contribute indirectly to conservation by playing various P2E games within the Black Bear ecosystem to earn crypto rewards. A portion of their rewards will be allocated to a charity wallet.
Black Bear Finance aims to give back to different wildlife conservations via direct contributions by community members. Just by joining the Black Bear Finance community and sharing the various charity organizations it supports, you can play your part in wildlife conservation. A charity Treasury will be introduced to generate yield through our staking platform. This will be used to sponsor specific organizations that need long-term funding for their success. Black Bear Finance users can also contribute directly by donating to conservation funds and purchasing merchandise on the platform.
The project will also encourage long-term community participation, giving more power to the users in the decision-making processes. Its soon-coming community voting system will allow users to nominate and vote for deserving organizations, allowing for real interaction to raise awareness of top-tier conservation efforts.
Furthermore, Black Bear Finance seeks to integrate an NFT marketplace that supports charities and organizations in new ways. Users can trade and collect NFTs and other merchandise on the marketplace, with trading fees and original costs going directly to non-profit organizations.
Last but not least, Black Bear Finance will launch a play-to-earn gaming application that rewards users for playing games in the metaverse while supporting wildlife conservation efforts worldwide. Users will be able to select from a wide range of P2E games that they can play in order to earn crypto. In addition, they will be able to mint, buy and trade in-game characters in the marketplace, with the proceeds going to conservation efforts.
The BEAR token will be charity-driven, as earlier mentioned, to incentivize contribution through a rewards-based yield generating economy. It is a high yield staking token built on the Polygon network that rewards the community or holders via NFT gamification, staking, and DeFi yield farming. All holders who stake their $BEAR tokens in various liquidity pools on the platform will earn rewards and receive high APY.
Furthermore, Black Bear Finance will integrate a rewards Visa card. Users will receive crypto rewards by spending on the card, while a smaller percentage will be donated to conservation efforts. This ensures that Black Bear Finance does not only give benefits to all token holders, but it also incentivizes all those who participate in the ecosystem.
The mechanism behind the Black Bear Finance ecosystem is simple – enhancing the value of its reward-based tokens through gamification and community building while contributing to conservation efforts.
Black Bear Finance is currently building its community in preparation for its token sale. It is still in its early stages, so head over to its website to enjoy early-bird benefits and giveaways.