Participating in Honey Stream
Unique mechanism for content visibility and creator onboarding on DegenHive's identity framework
DegenHive’s Honey-Stream auctions offer a unique mechanism for content visibility and creator onboarding. These auctions operate as following:
Bidding and Frequency
Users compete by bidding SUI / MOVE for temporary control of the HoneyStream Profile.
Auctions are held every 7 epoches (days), providing users regular opportunities to participate and potentially become a creator on the platform.
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.
Winner Selection and Protocol Owned Liquidity
At the auction’s conclusion, the top 3 bidders are crowned the Honey-Stream creators for the next cycle. – All SUI / MOVE bids placed by winners, 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
Benefits to Honey-Stream Auction Winners
Winning a Honey-Stream auction offers creators within the DegenHive ecosystem access to significant tools and opportunities:
They can now earn SUI or MOVE from NFT mints, royalty on upgrades, and HIVE by providing upgrades
Higher Visibility and Subscriber Acquisition during streaming phase
Managing the Time-Stream Profile grants streamers a direct channel to engage with the entire community, significantly boosting their visibility and subscriber base.
This enhanced presence can translate into substantial earnings through the platform’s subscription model and increased BEE token rewards due to heightened user engagement.
BEE and HIVE as rewards for winning the Honey Stream Auction
Engagement with Honey Streams is incentivized via points system, and the top three bidders receive HIVE and BEE tokens as rewards for winning the auction.
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