NFT launch via Honey Streams
Users can launch their HiveAsset NFT collections by winning a honey stream auction on the platform.
Here's how it works -
Users compete by bidding SUI / MOVE to come in top 3 bids during honey stream auction.
During the first 6 epochs, users can bid freely. In the final epoch, users have a single opportunity to increase their existing bid by a maximum of 50% which goes to 0 by the end of the epoch.
This bidding mechanism encourages both strategic calculation and avoids gaming the system via bots.
HiveProfiles with top 3 SUI or MOVE bids win ability to launch and manage their dynamic NFTs on the platform
They can now earn SUI or MOVE from NFT mints, royalty on upgrades, and HIVE by providing upgrades
Lock and burn Model
All SUI / MOVE bids placed by winners of honey stream auctions, along with a 5% tax levied on all bids regardless of placement, are pooled as protocol-owned-liquidity to be used for the Lock-and-Burn model.
As part of this model, liquidity depth perpetually keeps increasing in core DegenHive AMM pools by perpetually burning LP tokens on both networks as following -
On Sui Network, pooled SUI is added as single-sided liquidity to SUI-HIVE, SUI-BEE and SUI-degenSUI AMM pools, and the corresponding LP tokens are permanently burned.
On Movement M2 Network, pooled MOVE is added as single-sided liquidity to MOVE-HIVE, MOVE-BEE AMM Pool and the corresponding LP tokens are permanently burned.
This mechanics locks SUI and MOVE into core DegenHive AMM pools , ensuring perpetually increasing liquidity depth in these pools over time.
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