Welcome, OHMies! Recently we were joined by the Hunny DAO team on our Discord server, an Olympus fork that adds gaming, online casino and a bunch of other stuff to the formula. Having launched on the Binance Smart Chain, this project aims to become the most engaging and fun DeFi destination built on its ecosystem.
Below you’ll find a transcript that summarizes both questions and answers from the event:
Q: Could you tell us more about your project, Hunny Finance? What is it and what makes it stand out?
Ken Satoshi: A brief introduction about the Hunny ecosystem before we start. Hunny Finance started off as a DeFi platform back in June 2021, more specifically, a yield optimizer built on Binance Smart Chain (BSC). We offer one of the highest returns in the BSC DeFi space. Our codes and smart contracts are audited by one of the most reputable blockchain audit firms, CertiK, and further enhanced our smart contract security with Certik Skynet and Certik Shield.
More than a DeFi destination with high yields, we have recently launched our integrated gaming portal — HunnyPlay, users can look forward to an immersive experience, playing instantly simply by connecting your wallet to HunnyPlay. Also, in addition to HunnyPlay, HunnyPoker, P2P poker platform on BSC, just went live this month as well!
In October, Hunny’s NFT journey began, starting with sales of our limited HunnyBunny NFTs followed by HunnyMarketplace where users can buy, sell or auction their NFTs. We are also expecting our NFT P2E game! This is to create an engaging ecosystem where our users can Stake, Earn & Play.
Lastly, our latest addition to Hunny’s ecosystem, which is also the core topic of tonight, HunnyDAO — The first DAO on BSC backed by DUAL TREASURY RESERVES! It was started 3 weeks ago with an APY of around 200,000%, and a price that surged from $14 to over $140 on launch. Currently the APY is 38,000,000% and price is consolidating at around $29 to $45 dollars currently.
TL;DR:
(Jun 2021) Yield Optimizer
(Aug 2021) HunnyPlay
(Oct 2021) NFT Marketplace
(Nov 2021) HunnyDAO
(Dec 2021) HunnyJar
(Dec 2021) HunnyPoker
(Early 2022) NFT Staking Vault
( 2022) NFT P2E game
Q: Why did you choose the Binance Smart Chain in particular?
Ken Satoshi: The best reason to be on BSC is the low gas fees, which have created a low barrier of entry for individuals to enter DeFi and while being able to earn good returns harvesting the crops with little capital.
We are also looking to enable cross chain in the next few months so that we can reach out to more user so that they can be interested in Hunny. Future plans would include the expansion of our farms, offering cross-chain farming options and creating further diversified farming pools where users can have a more balanced portfolio within a single pool. Also with cross chain enabled in the near future, they are able to enjoy all our products such as HunnyPlay, HunnyPoker, HunnyMarketplace etc. Our suite of products will definitely bring advantage to all our community growing with us
Q: You mentioned your project is dual asset-backed. What does it mean and how does it affect your vision?
Ken Satoshi: Let me take the chance to introduce a bit on HunnyDAO first. HunnyDAO is a fork of OlympusDAO with the obvious flair of Hunny. Being users of OlympusDAO ourselves, we understand how expensive the fees can get being on the Ethereum chain, so we decided to bring the fun over to BSC given its low fees. The conventional decentralized reserved currency protocol is backed with 1 treasury, HunnyDAO is backed with 2, the first one being the main treasury where users bond their tokens in exchange for LOVE, the second one being revenue generated by Hunny, including one of our core revenue centres, HunnyPlay and HunnyPoker.
Now your question on Dual Asset back Treasury:
The main benefit for users comes from supply growth, the protocol mints LOVE and distribute to the stakers, thus the gain for stakers will come from their auto-compounding balances. LOVE could trade at a very high price because the market is ready to pay a hefty premium to capture a percentage of the current market capitalization.
However, the price of LOVE could also drop to a large degree if the market sentiment turns bearish. Even so, the price of LOVE will become irrelevant in the long run should users choose to HODL, stake, and collect the rewards from the high APY HunnyDao is offering, the ROI will far exceed the value of the tokens — we will dive further into this specific topic later.
TL;DR:
- HunnyDAO is a fork of Olympus but with a better ecosystem.
- HunnyDAO is Backed by 2 treasury reserves.
- Long-term HODLers have a far exceeding chance of benefiting from the protocol vs short-term hodlers.
Q: HunnyDAO’s APY can be up to 38,000,000%. How can it be so high and how can you sustain it?
Ken Satoshi: Users can expect about 18.5008% of staking rewards in 5 days.
Our current rebase rate sits at 1.1380% which happens every 8 hours.
If there are 100,000 LOVE staked right now. This is achievable if the protocol can bring in the equivalent in BUSD worth of tokens into the treasury from bond sales.
If the bonding amount falls short, the APY of 38,000,000% cannot be guaranteed and have to be adjusted. Soon, we will be introducing further mechanisms to leverage on Treasury to provide an accelerated rate of return for users, do follow us on our Twitter, Telegram or Discord channel to get the latest updates and announcements.
TL;DR:
Users can expect 18.5008% every 5 days. To achieve APY stated, the protocol needs to bring in equivalent amounts to upkeep APY.
Q: Could you elaborate on how 3,3 works in your ecosystem?
Ken Satoshi: 3,3 is the idea that if everyone works in unity, it will stand to have the biggest gains for everyone. This logic is based on the Game Theory standpoint. To understand the game theory better, you can check out this youtube link to get a better picture.
Staking and bonding are considered beneficial to the protocol while selling for a profit will enhance one’s personal gains, these gains can be far stretched if everyone stakes and bonds. The ideology of 3,3 is to encourage everyone to stake or bond instead of selling and this will result in the increase of LOVE price.
We are pushing lots of promotions to instill the 3,3 mindset into our users. Let me quote you some…
We have an ongoing #333333 Promotion that is starting today:
- Buy/Bond $LOVE from 17th Dec 2021–20th Dec 2021
- Stake $LOVE (3,3)
- Snapshot of account will be done on 20th Dec 2021 and 1st Jan 2022
TL;DR:
Buy/Bond $LOVE — Good
Staking $LOVE — Good
Selling — Bad
Q: Tell us more about your online gaming platform: HunnyPlay
Ken Satoshi: HunnyPlay aims to be the most engaging and fun destination built on BSC. We are developing a brand new and unprecedented gamified farming playground where every user can enjoy high yields and exciting games at the same time.
HunnyPlay is our very own gaming playground with all settlements/payments integrated on BSC (and soon, on more chains) for a transparent and secure way of online gaming. You can find a whole load of games packed into HunnyPlay such as Slots, Bingo, Money Wheel, Deal or No Deal, Blackjack, Roulette, Baccarat, Sic Bo, Poker, RNG, LIVE games, and virtual sports games.
Recently we have our own version of Hunny Million Slots, starring our own HunnyBunnies
All earnings received from HunnyPlay games will be split into portions, one to be burnt, one to cover the cost/expenses, and the remaining will go into the HunnyJar which will be distributed amongst our valued members (BumbleBees & HunnyBees).
We have included an awesome VIP Cashback Program that can go up to 28% cashback, the highest in the iGaming scene. Players can also participate in our Referral Program to earn all referrals 1.5% on winnings bets. So regardless of whether you win or lose, everyone wins something.
TL;DR:
- HunnyPlay is the first full-fledged BSC casino with all traditional casino games and more.
- HunnyJar is an incentive system with 2 Tiers, BumbleBees and HunnyBees
- HunnyPlay has a Referral program with up to a 1.5% rebate on all bets made
Q: Any upcoming developments or plans for the protocol?
Ken Satoshi: Hunny was created with the vision of being the one-stop DeFi platform built on BSC, offering users one of, if not, the best yields in the farming scene while providing a unique and entertaining experience where users can try their luck at HunnyPlay, offering a wide array of games of chance.
HunnyJar
Users can also participate in our attractive referral campaigns and ongoing promotions. On top of that, users can build their way up to become a HunnyBee/BumbleBee where they will own a share of HunnyJar, a collective pot of funds gathered from all sources of revenue from HunnyFinance and HunnyPlay.
HunnyPoker v2.0
We have launched our HunnyPoker v2.0, which is a P2P version of poker where you can start a table to play with your friends. Download HunnyPoker v2.0 to test your poker face!
Future plans would include the expansion of our farms, offering cross-chain farming options, and creating further diversified farming pools where users can have a more balanced portfolio within a single pool.
We will also be expanding on our overall P2E game infrastructure as well as increasing more games, features, and functions within HunnyPlay.
We aim to be the leader in the space of DeFi yield farming, more than that, we want to present to the world an unprecedented DeFi ecosystem consisting of farming, gaming, and all other investment possibilities built on-chain.
Community Questions:
Q: Love the concept of this. However, with so many plans and facets for this project, how is the Hunny team staffed, and how do you ensure capacity to maintain HunnyPlay, HunnyPoker, etc?
Ken Satoshi: As the majority of products from Hunny are built and designed from scratch, having to keep up with the markets is always the biggest challenge for us. However, we have been able to keep up with the deadline and deliver so far except for some occasional delays. Needless to say, manpower, especially talents, is really scarce, it would be definitely helpful if we can scale up our team.
We are looking for strong marketters. As different countries have different popular channels, we look for PR companies or groups in different countries as they know the best ways to market. Because only with strong inflow of people will we grow our treasure and community.
Do share with us any interesting or good marketing channels or people you know of, our marketing team will gauge if the ROI for the channel is effective.
Q: Name 1 unique item what makes Hunny different from other defi platform.
Ken Satoshi: We are well fitted in the iGaming space HunnyPlay. A lot of our users are here because Casino businesses can scale and expand, and its a very strong source of revenue for all our users. And also in return, we reward our users by returning part of the revenue back to them. That is also why we have our second treasury for our DAO.
Infact if you bring it up to a bigger view, once we expand out to other chains, we will still have this unfair advantage of having our strong iGaming arm.
Q: Why are existing stakers not allowed in the $333,333 prize opportunity? I bought some LOVE and staked it for my kids yesterday. Is that in or out of the competition?
Ken Satoshi: Existing users are allowed. Just buy a bit more $LOVE or bond during this weekend so you qualify. We welcome everyone to buy $LOVE.
Q: I am interested in knowing how much funds are you allocating for marketing? It seems like the have big potentials and huge goals, which needs heavy marketing spending, and top tier marketers. anything special to comment on that?
Ken Satoshi: I am glad you notice that we splash quite abit of marketing budget on HunnyDao. That’s where we manage to find you. Here’s a breakdown pie chart on where we spend our marketing on.
As different countries have different popular channels, we look for PR companies or groups in different countries as they know the best ways to market. Marketing Hunny involves reaching out the following:
- Sharing words in AMA communities like telegram, discords, wechats FB groups and discords
- Press releases in higher traffic crypto sites
- Reaching out to influencers like YouTubers and Crypto Twitter, Twitch and Tiktoks
- Ads advertising like Poocoin, Dextools, Coinzilla, FB and Google
- Partnership with trusted projects like Chainlink, Babyswap and Venus Protocol
- Constant promotions in HunnyPlay and giveaways for Hunny
If you have marketing suggestions, feel free to contact us at marketing@hunny.finance
Q: What is your Casino daily revenue $?
Ken Satoshi: There isn’t a fixed daily revenue. Some days we win, some days we lose. Our most recent Mega winning is around $500k usdt. This lucky person won money just by playing HunnyPlay while sitting on his toilet bowl. you can find his tweet in press releases and our social media. So those days we lose big. But its ok as we have many different products in Hunny, complementing each other.
Our socials:
