Overview

Welcome to the Bear Token community. Investing in crypto is both exciting and rewarding. However, the recent market slump has resulted in huge losses, forcing investors to reconsider their investment strategies. The Bear Token team wants to take rewards tokens in a new direction—a smarter direction. Crypto winter is fast-approaching, investors must band together until the next alt-coin season. Rather than offering short-term rewards, the Bear Token will utilize transaction taxes to build a cross-chain treasury. As the market finds a floor, the Bear Token treasury will be spent buying up tokens at rock-bottom prices. Investors will have the opportunity to decide which tokens will offer the best rewards over the coming year. Once the bear token has stored up for the winter, the community will go into hibernation until winters’ end. We will have a Groundhog Day event to evaluate winters’ end and to vote on the correct date to unlock the treasury. When the treasury is finally unlocked, all investments in the treasury will be converted to BUSD and distributed evenly amongst all Bear Token holders.

Tokenomics

The Bear Token uses a taxation system to fund the treasury and maintain a healthy liquidity pool. In addition, there is a burn on every sell. The burn will have a deflationary effect on token price, in addition to increasing the share of rewards distributed to each holder when the treasury is unlocked.

Utility

Sustainable Token Value

The Bear Token economy is built around a locked treasury. This means, investors have a reason to hold. If you sell your tokens, you are giving up your share of the treasury when it is unlocked. As the treasury grows, the demand for token will increase—driving up the token price. This system will ensure that the price of the token continues to increase until the treasury finally unlocks and rewards are distributed.

Building the Treasury

The treasury will be built through the 4% tax on all buys and sells. As the amount of funds grow, the treasury will make investments in crypto tokens across multiple chains. Members of the Bear Token community will be given opportunity to vote on which currencies to spend the treasury on. The intent is to purchase tokens as they hit the market floor. As this is impossible to predict, the treasury will be spent using a DCA (Dollar Cost Average) approach, to ensure the best possible value for the treasury.

Hibernation

After multiple rounds of investments have been made, the treasury will go into hibernation for the remainder of crypto winter. The 4% tax will continue to be deposited in the treasury, but no further investments will be made into other tokens. As crypto winter nears its end, there will be a Groundhog Day event, where the community collectively assesses the market and votes on the date to unlock the treasury.

Unlocking the Treasury

On the day the community decides, all investments made by the treasury will be converted to BUSD and distributed evenly amongst all Bear Token holders.

Roadmap

Bear Token Team

Jp Ivey

Project Lead

Technical Project Manager for software development. I have a Masters in Management, multiple Agile certifications, and experience in a wide variety of fields (restaurants, manufacturing, military applications, and software). I have been involved in multiple crypto projects, both as an analyst and investor.

Vadim Race

Lead developer

Smart contract and Front end web3 developer for CryptoCraversLLC. I have experience in working with NI LabView, MatLab, Solidity, Java, Python, C++, Objective C, NI Multisim and Java Script. I am also a Program Manager for US Acquisitions Programs involving data analytics, electronic warfare applications and signal analysis.

Nicholas Houle

Graphics Designer

I've been working with and interested in Cryptocurrencies since 2012 where I would keep my computer on all night hosting a Bitcoin mining software. Unfortunately, like many stories like mine, I lost access to the wallet containing my Bitcoin. I have experience in smart contract development and crypto investing, but love my full-time role as a graphic artist.

Mahmud Hasan

Web Developer

I have been active in the crypto space for the past few years,. This is my first time filling the role of web dev for a crypto project. I also look forward to being involved community development.

Chase Franz

Marketing

I have worked in cryptocurrency for five years, beginning in mining. My main skill set lies in social media marketing which I have operated my business for three years. Within the last six months, I have developed a large network within crypto and continue to hone my marketing abilities in this space.