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HomeCOINSWhat Is Honey Badger (HONEYBADGER)? Complete Guide Review About...

What Is Honey Badger (HONEYBADGER)? Complete Guide Review About Honey Badger.

What Is Honey Badger (HONEYBADGER)?

Honey Badger cards are limited-release higher-level character cards that are available to purchase directly on the site. They are more expensive than Mystery Packs because the rewards for holding these higher-level cards are much more substantial. Because they are using a newer, more robust NFT called ‘ERC-1155’, they are not yet available as a verified Honey Badger contract on external exchanges. They have been told by almost all of them, though, that they will be integrating ERC-1155 NFTs into their sites very soon.

Honey Badger have however, partnered with ‘MemeNFT’, a soon-to-launch NFT marketplace on the Binance Smart Chain and will be listed there in full capacity when it is live. Additionally, there are two other popular marketplaces that have already arranged to be listed on when they allow for ERC-1155 Honey Badger. In the meantime, they are building our own internal marketplace into the site that will allow you to buy, transfer, stake – and now sell & trade your cards – all in one simple place.

Honey Badger Storage Key Points

Coin BasicInformation
Coin NameHoney Badger
Short NameHONEYBADGER
Circulating Supply1,000.00B HONEYBADGER
Total Supply1,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

How Does NFT Staking Work?

When you mint Honey Badger Character Cards, they give you weekly rewards to your wallet – but you have to ‘Stake’ them into the site first. To do this, you need to navigate to the ‘My Cards’ section of the NFT site, connect your wallet & approve, choose your card/amount, and click the ‘Stake’ button. Now you’ll receive the weekly reward payouts. To learn more, they recommend viewing your “How to Stake Florida Man Token’s Honey Badger” video available on this site.

Only Level 3, 4, and 5 Honey Badger are eligible for supercharged reflections/staking rewards. Your Level 1 and 2 NFTs do not need to be staked, unless you own the complete season. If so, be sure to stake them so the NFT Staking contract recognizes that you own the complete season and you will receive your fixed-price weekly payout in addition to your payouts from the rewards pools.

Reward Structure for Collecting a Full Season

If you collect all five (5) seasonal NFT cards found in Honey Badger Mystery Packs (Levels 1-5) and stake them, you will receive a guaranteed fixed-price weekly payout, independent of volume. Yes, Even if volume is low, you will receive a weekly payment as a reward, on top of volume-based rewards.

  • Season 1 rewards you with MINIMUM $150 USD, paid in Honey Badger tokens, every week. Guaranteed. That’s AT LEAST $600 per month, per set.
  • Season 2 rewards you with MINIMUM $80 USD, paid in Honey Badger tokens, every week. Guaranteed. That’s AT LEAST $320 per month, per set. These guaranteed weekly payouts are ongoing and indefinite and you still receive additional payouts for the individual cards themselves. Talk about passive income.

How Is it Generated?

With every buy & sell of Honey Badger Token, 2% is deposited into the NFT Rewards pool. During the week, this pool grows, and then the entire pool is distributed to the Whole-Set holders, then the individual 3,4 & 5 card holders, in that order – once per week at random. There is no limit to how many NFTs you choose to stake, and the more you do, the more you earn. For instance, if you stake a Level 3 NFT, you will receive a portion from the 10% rewards pool that is allocated to wallets that have a Level 3 card staked. However, if you were to stake five Level 3 cards, you would then receive 5x the amount of rewards.

Multiple Season Collections

Just like the ability to stack your individual Honey Badger cards, you can also stack your seasonal collections. For instance, if you own 3 full season collections, you will receive 3x the weekly payout. That would amount to $1,800 USD, every month. There is no limit to the amount of rewards that you can earn. However, please be aware of the maximum wallet limit and be sure to keep sufficient space to receive your weekly rewards. If you own a large quantity of tokens, recommend staking your NFTs in a wallet that has a smaller amount of tokens so you don’t have to worry about holding more than 2 Trillion tokens in your wallet.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .