Crypto Earning

Here are some of the ways BinaryBlock token holders can earn cryptocurrency within the BinaryBlock protocol:

(I). Win up 10 ETH Weekly:

Participate in the Weekly Ethereum Prediction Pool using BinaryBlock Genesis NFTs to win Ethereum. This exclusive opportunity is reserved for the 7,500 BinaryBlock Genesis NFTs holders. The pool awards 1 ETH to the ten(10) most accurate predictions of the weekly closing price of Ethereum. Each BinaryBlock Genesis NFT provides one entry into the pool, so a holder with 10 BinaryBlock Genesis NFTs will have ten chances to win.

(II). BIBK Staking :

• Token holders will earn BIBK rewards for staking BIBK tokens. This staking mechanism is design specifically for the project's native token.

BIBK staking interface

(III). BinaryBlock Genesis Staking:

• Description: BinaryBlock Genesis Staking is a long-term earning method that allows users to unlock BIBK incentives by staking BinaryBlock Genesis NFTs.

• Non-Custodial Staking: This means that users can stake their NFTs to earn rewards without the need to transfer ownership or custody of their NFT. The NFT remains in the user's wallet throughout the staking process.

This approach adds an extra layer of security and control for users, as they retain ownership of their valuable NFTs while still being able to earn rewards through staking.

BinaryBlock Staking interface

(IV). BinaryBlock Crypto Prediction Pool:

a prediction-based competition for crypto enthusiasts, where participants predict the closing price of a specific crypto asset.

• Purpose: The prediction pool serves as an engaging and educational way for participants to earn crypto.

• Participation and Earning Process:

  • BIBK holders participate by submitting their predictions for the daily closing price of a chosen crypto asset.

  • The pool winner(s) receive both the daily pool winner's allocation and the participating incentive.

  • Other participants in the pool receive the participating incentive.

• Reward Distribution:

  • The pool rewards all participants, with varying allocations based on whether one is the winner or not.

• Lending Pool for Additional BIBK:

  • There is a lending pool available for token holders who wish to borrow additional BIBK. This is useful for participants who need more tokens to meet the fixed entry requirement for the prediction pool.

This setup encourages active participation and competition within the prediction pools, offering both fun and earning potential for participants.

Prediction and lending pools interface