🪙$SECONDARY Token

Rewards / Points token - still in concept phase.

The $SECONDARY Token has not been named yet. We have a few naming options, such as $BONUZS, $BO, $BFUEL, $BOINTS, $BONBON, or $BONUZPOINTS. Suggestions are welcome in our community telegram.

$SECONDARY Token Details:

The $SECONDARY token is a point and effort-based utility token for interchangeability with the primary $BONUZ Token.

Why is the Bonuz $SECONDARY Token required?

The $SECONDARY token serves multiple strategic purposes:

• Bonuz Ecosystem Activation: It catalyzes early engagement within the Bonuz ecosystem, paving the way for the official launch of the primary $BONUZ Token.

• User Growth: Aims to enhance the user base and its expansion significantly.

• Loyalty Rewards: Acts as a token of appreciation for the community's loyalty and support.

• Promotional Strategies: Utilized in Secondary Airdrop Campaigns, Staking Rewards Campaigns, and other Campaigns.

• Innovative Use Cases: Supports several onboarding strategies and augmented reality applications, enhancing user interaction with real-world quests.

• Burn Mechanism: Whenever $SECONDARY Tokens are swapped/exchanged for $BONUZ Tokens, they are subsequently removed from circulation through a burning mechanism.

Token Specifications

• Name: $SECONDARY (Name ideas are: $BO, $BFUEL, $BONUZS, $BONUZPOINTS)

• Total Supply: 1 Billion (aligned with the supply of $BONUZ)

• Technical Standard: ERC20

• Blockchain Platform: BNB Chain, selected for its low transaction costs and efficiency in distribution, making it accessible to mainstream users.

Cross-Chain Accessibility

A substantial portion of $SECONDARY tokens could be available across multiple blockchains, including BNB, Polygon, Solana and Arbitrum via bridges. This strategy enables decentralized exchange (DEX) trading across these networks without necessitating cross-swapping by users, thereby facilitating a broader market presence.

Redemption Strategy

The conversion ratio from $SECONDARY to $BONUZ is set at 10:1. This exchange mechanism is designed to allocate approximately 10% of the $BONUZ supply, sourced from the DAO or marketing reserves, to support the $SECONDARY to $BONUZ transition.

Upon redemption:

• Deflationary Supply Impact: The exchanged $SECONDARY tokens are entirely burned, permanently reducing the $SECONDARY supply.

• Minting Restrictions: $SECONDARY's total supply is capped at 1 billion, with no provisions for additional minting.

Unlocking Mechanism

Initial $SECONDARY allocations include a 10% immediate unlock, with the remainder becoming available gradually over a 12-month period. Accelerated unlocking options are available through engagement with specific tasks within the Bonuz app, promoting positive ecosystem activities.

Additional Considerations

• Market Dynamics: In scenarios where $SECONDARY achieves a higher market capitalization than $BONUZ, a flexible exchange rate may be employed to maintain equilibrium. There could be a scenario of the $SECONDARY not succeeding in trade activities and losing its financial value, if that happens, then the fist rule is that 10 $SECONDARY will always be redeemable into 1 $BONUZ.

Example Challenges for Earning $SECONDARY

• Daily Login Rewards: Users earn a small amount of $SECONDARY for logging into the app daily. The amount increases slightly with consecutive logins to incentivize daily engagement.

• Engagement Challenges by Partner brands and businesses

• Content Creation Contest: Users submit original content related to the app's theme or community events. Top-voted submissions by the community earn $SECONDARY

• Referral Program: Users earn $SECONDARY for each new user they refer who completes specific actions within the app, such as completing a profile setup or participating in their first challenge.

• Participation Milestones: Users achieve milestones based on their activity level, such as completing 10, 50, or 100 challenges. Each milestone comes with a $SECONDARY reward, which increases in value with higher tiers.

• Special Events

• App streaks (use the app once per day)

• Play in-app games (Spin the Wheel, Prediction, etc)

• Leaderboard Competitions

• Monthly or quarterly competitions where users earn points for participating in in-app activities. At the end of the competition period, top performers earn significant $SECONDARY rewards.

These challenges are designed to cater to a variety of user interests and engagement levels, ensuring multiple pathways to earning $SECONDARY. We will maximize user participation in the $SECONDARY and $BONUZ tokens by implementing these alongside a carefully planned timeline.

Important Legal Note:

The Bonuz Project has multiple business entities.

It is important to note that our entity, "Bonuz Inc.," which is situated in St. Lucia, is responsible for tokenization.