Company Name: Cult Bears DAO
Lead Applicant: Tom - firstname.lastname@example.org
Cult Bears is a cross-chain NFT ecosystem on Moonbeam and Astar. Our collection consists of 2,000 unique NFTs across both chains.
Every Cult Bear NFT holder has voting rights and can vote on how our treasury funds are used. 70% of all funds raised during the NFT mint on Moonbeam and Astar are held in our treasury.
We intend to bring a lot of excitement and activity to Moonbeam and have multiple upcoming developments.
In February we will release “The tastiest community coin across all chains ”
Token name: X Honey
Token symbol: $XHNY
Our token will utilise the OFTV2 standard introduced by Layer Zero.
And we will add liquidity to multiple chains including Moonbeam and Astar. This is funded by funds raised from our previous NFT mint.
Together with our upcoming token launch we will also release an additional product called the X Honey Bridge. It’s already live on testnet and will go live on mainnet in February.
It enables our users to transfer X Honey across multiple blockchains. Users can optionally receive gas on the destination chain.
Metrics & Strategy to improve (users/TX/TVL):
Currently we have 150 unique holders on Moonbeam and 842 total transactions/interactions on our contract.
We expect to attract hundreds of new holders at our token launch on Moonbeam and 100+ monthly transactions with our OFTV2 contract.
We will use the PINK token allocation to incentivise users who make cross-chain transactions from and to Moonbeam using our X Honey Bridge. This will lead to an increase of TX and bring new users from multiple blockchains to Moonbeam.
The campaign will last 30 days, start and end date are dependent on the $PINK token distribution date and will be shared here when more specific dates are available.
Token allocation/distribution plan
100% of the $PINK allocation will be distributed among users who who interact with our X Honey Bridge(The eligibility criteria will be announced at the end of the campaign, this may include metrics like total contract interactions during the campaign, active days & volume).
Community & Links
Discord: Cult Bears DAO
Telegram: Telegram: Contact @cultbearsdao
X Honey Bridge (Testnet): https://x-honey-bridge.vercel.app/