bernard.finance — It was not JUST a meme
The birth of an ecosystem
Hello friends,
We are thrilled, $BERN launch went great, our community is getting stronger and stronger, step by step we grow like we expected.
But we are at that time, that tough time when 99.9% of projects fail and either lose their community or rugpull, that time when teams realize they did not think further enough and let their baby fall.
Rest assured, we had a plan, from the beginning, actually we know what will happen in the 2 to 3 months ahead of us minimum. We know exactly where we want bernard.finance to be in the future and we can’t wait to share our vision with you.
We aim to build a sustained ecosystem where every project finds his place between the previous ones.
$BERN is the first pillar, it is fun, community based, Vitalikdump-proof, and centered around Bernardo who is just the cutest, period.
Around $BERN we have a lot ongoing for our community, goodies, NFTs are almost ready to be shared, stay tuned.
But now is the time to tell you about the second pillar.
Our main idea was to implement a buyback mechanism with a background algorithmic trading bot in our ecosystem, and this for two obvious reasons :
The first one is that we know for a fact that buybacks just work, the mechanism applies a constant buying pressure and rewards holders.
The second one is synergy. Synergy between buybacks and the deflationary system of $BERN. If we increase the volume of transactions on $BERN contract, we increase burns and rewards to holders via the tax. Simple as that.
But what we also know for a fact, is that we wanted a really secure solution and a liquidation-proof system that will perform either in bull or bear markets. We have no idea where the crypto market is going and we want to be efficient whatever happens.
In this state of mind, we built a partnership with ganymedetoken.com
This is an emerging project with a 120 days backtesting, and their spot account shows really good results despite the extreme recent volatility. You can check their records here https://ganymedetoken.com/index.php/proofrecords/
We know the team, and are fully confident in what they build.
To strenghten our ecosystem and set up this strategy, we announce our second pillar : $BARREL
$BARREL is a new token backed by the ganymede algorithmic trading bot. It is designed to take advantage of the market in any conditions and therefore act as a store of value.
$BARREL allows you to benefit from algorithmic trading high performances usually reserved to professionals and grow your capital. It’s like hacking Wall Street.
An account on FTX exchange, connected via an API to the ganymede bot, will trade for us on a spot account, no leverage, on the BTC/USD pair. Every profits will be reinjected in the bernard.finance ecosystem.
And this is where the magic happens, every single buyback we make, on $BERN or $BARREL, will be burned right after. So not only we apply a buying pressure on our coins, but we also decrease their supply at the same time.
Right after $BARREL launch, we will allow a delay of 30 days for the bot to reinforce the account. Then buybacks will start every day with Day 1 profits etc etc.
$BARREL’s birth will articulate around a presale, which goal is to build a solid Liquidity Pool (50% of presale) and to fund the FTX account connected to the algorithmic trading bot (50% also). As you can see, nothing for the team or anything else. 50/50.
Presale investors will have a 50% bonus on launch price. There will be a vesting of 6 months with a release every 15 days starting M+1.
Presale will be available for $BERN holders (100000000000 $BERN ) AND $GANY holders ( 20 $GANY) only. You must hold those two in the same wallet to be eligible.
Limit per person is set to $10k. Our goal is to raise $200k.
Presale will start on 21/06/2021 and we will give you all the informations soon if you wanna jump onboard.
$BARREL’s lightpaper is ready and on the way, our website will adapt.
Now to close the circle, we have something else to tell you.
As you know by now, $BERN metrics reward holders on each transaction. And it goes on every holder wallet including those that we control.
Well, we are pleased to announce that 50% of every rewards we receive on $BERN wallets (team wallet, marketing wallet, airdrop wallet ) will be burned and 50% will be used to buyback $BARREL and then burned.
Circle complete.
In tartiflette we trust.
