Bright Union is excited to unveil the BRIGHT loyalty program.
Receive benefits and rewards as a BRIGHT holder.
Dear Bright One,
Every one of you is supporting the development of a new paradigm. Holding BRIGHT tokens may be an investment for some of you, but it also drives our success keeps the Bright Union crystal branching out. To thank you for being one of our earliest and most loyal supporters, we’ve created a loyalty program. Based not only on how many tokens you stake (incl. Uniswap LP), but also on the length you have staked, you’ll receive rewards.
In this blog, we give a detailed breakdown of the program and share how you can rise through the ranks to receive additional benefits and rewards.
Staking Bright pays out. Are you Gravel, a Pebble, Cobble or Boulder?
We’ve identified four statuses, each with its own benefits. Scroll down to learn more about the elements of the tier system.
Gravel: Bright Unions smallest but o so important investors
Pebbles: Gravel with ambition to make it
Cobbles: Serious Pebbles become stronger Cobbles
Boulders: The Big $BRIGHT Ballers
Cashback promotion on coverage
Next to benefiting from the lowest price for coverage on the market, those who stake BRIGHT can now also enjoy an additional cashback on covers. To lower the barriers to explore the world of decentralized covers and enter the world of DeFi we will offer a cashback incentive until the end of 2021. Users with Gravel status get a 10% cashback when buying coverage. Any Pebbles will receive a 20% cashback. For those with a Cobble and Boulder status, we’re giving away an incredible cashback of respectively 30% and 40% when they commit for a locked staking period of 3 months. These cashbacks will be distributed in BRIGHT at the end of the promotion.
[ 💎 update: this cashback promotion has been extended until February 28! 💎 ]
Why we choose to airdrop rewards as cashback
The team strongly believes that a further reduction in the cost of decentralized insurance will kick-start a further growth of the entire DeFi insurance market. The current promotion is a low-effort way of validating this assumption. If the airdrop leads to a significant uptake of sales the team can make a proposal for the DAO to develop a on-chain reward system which does not require a manual airdrop.
Get your hands on limited crystal NFTs:
To celebrate our ever growing ambitions and to reward the loyalty of our early investors, we decided that the visual foundations of Bright Union’s digitally crafted brand art, our cryptographic crystal cluster, shall be exclusively minted as a dynamic NFT collection, “BU_CCC Series.1”.
The NFT’s will be claimable by loyal Bright Ones who have staked $BRIGHT for a certain period. The bigger the crystal you’ve contributed to our cluster, the more rare your claimable NFT shall be.
The more you’ve staked, the rarer your claimable NFT shall be. 263 NFTs are waiting to be claimed, soon you’ll be able to see in your portfolio if you are eligible.
More details on the Bright Union’s limited crystal NFT collection will follow soon…
Bright Risk Index Reward Boost
Earn for a BRIGHT future for covering the community
Behind the scenes the Bright team is tirelessly working on the Bright Risk Index. With the release of the Bright Risk Index, the Bright Union platform will be complete by offering the functionality to provide coverage, next to buying coverage, and to earn by being the insurer.
The Bright Risk Index will be the most innovative investment opportunity in the decentralized risk markets. It will be a tokenized liquid position representing a basket of curated and diversified staking positions across multiple risk platforms and different protocols, with automatic accumulation, rebalancing and repositioning.
TL;DR minimum risk with maximum return, and no hassle.
The team is currently laying the final hands on the initial strategy and crunching the numbers, but rest assured we are sure that the APY of the BRI will be appealing to the masses. We will announce more soon — but we can’t wait to bring in the TVL!
When the Bright Risk Index will be released, Bright Stakers will not only get early access to the functionality, they will also profit from an additional reward booster ranging from 2% — 15% on top of the BRI return. Wow!
The Bright Risk Index will greatly boost the DeFi cover markets, as more and diversified liquidity will flow into the space, thereby lowering premiums for covers and increasing purchases of covers.
So there you have it. Investing in the Decentralized Coverage Industry just got even more interesting. Head over to the updated Bright Union app to see what status you are now
About Bright Union
Bright Union is the world-leading multi-chain decentralized finance cover marketplace. Our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.
Bright Union provides the most comprehensive range of crypto insurance on the market at competitive prices. Furthermore, Bright Union will soon release its unique suite of cutting-edge risk solutions, providing investors with outstanding investment and coverage opportunities. Be bright and take advantage of DeFi’s exponential growth.
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