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HONEY, bringing DeFi yields to NFTs

By Natalie Wu | October 3, 2021

$HONEY is a brand new utility token and the reward of our NFT ecosystem. Honey NFTs allow users to participate in our DeFi platform, Its objective is to provide users with a deflationary asset while rewarding investors with procedurally generated utility NFTs. These different NFTs produce yields through our $HONEY token.

How does it work?

Our different NFTs yield $HONEY to investors with the $HONEY reward token. Different NFTs hold various use cases for $HONEY.

These tokens can in turn be staked, borrowed, or locked to suit the needs of investors. Users can receive NFTs by either staking their tokens or simply by holding $HONEY in their wallets. Honey’s NFTs allow users to receive interest rates, lend to creators, boost rewards, decrease transaction taxes, vote on the project, lock liquidity in vaults, as well as participate in special events and launches.

Transaction tax

  • 3% is redistributed to investors

  • 3% funds marketing

  • 2% is burned

  • 2% is donated to charity

Deflationary

Investors have 3 incentives to hold on to their $HONEY tokens.

Holding $HONEY makes users eligible for frequent NFT airdrops.

Over time, the total supply of tokens becomes more scarce, as tokens are removed from circulation.

Holders are rewarded daily.

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