Additional Information
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Initial Liquidity
At launch, the protocol will seed liquidity using a portion of Apiary Finance's RFA allocation of 14,777.88 $BERA
Any remaining $BERA will be used to incentivize $APIARY/$HONEY LP
Apiology Dao
During the Pre-Bond sale, Apiology DAO has the exclusive option to purchase up to 25% of the initial supply of bonds under the following terms:
Matching Commitment: Must purchase 1 BERA worth of $APIARY on open market for every 1 BERA worth purchased in pre-sale
Deadline: 69 days from pre-bond sale
Enforcement: tokens held in smart contract escrow; released only upon verified matching purchase
Slashing: if matching purchase not completed, 50% of allocation is burned
Booga Bullas
During the Pre-Bond sale, the Booga Bullas treasury can buy up to 25% of the initial supply of bonds under these terms:
Lockup: Tokens held in non-withdrawable staking contract
Yield Usage: Staked and at least 50% of yield compounded frequently, up to 50% used to buy and burn Bullas and Booga Bullas
Enforcement: Smart contract with no withdrawal function
Surplus tokens:
Sold to holders of Bullas, Booga Beras and Booga Bullas during the Pre-Bond event.
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