Nectar-Queen is the primary agent of the PLN(PollenLoopNetwork) Token
(This is a photo of the actual design paper for PLN)
This way you can see more than text alone might convey.
You might notice some amount of sincere thought behind it.
Brief overview of this white piece of paper:
Nectar-Queen uses its own value to seek rewards from a wide array of interconnected systems.
That value is compounded and diversified while sending a portion back to the rewards pool.
(Numerical Values are an approximation of optimal system, subject to change)
Founders: Megalithic/[REDACTED]
Components: PLN/Nectar/Stinger/Ambrosia
Accounts: Nectar-Queen/queen.chains/queen.system
PLN distribution:
Throttled by functions of the system to align incentives.
1.1% founders fund (total) - (disallowed from having less than 1% of supply)
40% pool rewards fund - (distributed based on functions of nectar-queen)
40% nectar-queen fund - (used to power the engine, rate-limited by queen.chains)
9% queen.system fund - [REDACTED] uses this to build [REDACTED]
9% promotional fund - (reward incentives external to the primary system pools)
0.9% wildcard - (used by any queen account as needed / margin of error / dynamic calibration)
Nectar/Stinger/Ambrosia distributions:
Minted as tertiary layer of Queen:PLN interactions
Added to reward pools and supported by Nectar-Queen
Scope of Nectar-Queen Aggregation:
any interaction with layer1 (such as this blog post)
all systems within the layer2 hive engine ecosystem
all hive-local Play2Earn game environments
all hive-local DeFi pools
all staking/mining
all seed funding
even donations
(this means donated value cannot escape the system except through reward pools)
a founder may only draw rewards in the same ways that everyone else does
P2E Pilot: @megalithic
(that is to say, the Play2Earn element will not be hindered by required gameplay ability)
this also means Nectar-Queen is sometimes supported by a $300,000 collection.
note: p2e will be mostly inactive in the early phases, as foundation is built.
Status at launch:
Strong seed fund with initial calibration restricted to the confines of the 0.9% wildcard.
3-week reward distribution for accelerated initial phase, extended before expiration.
500% or higher APR on current rewards pool (1000% at time of posting)
anyone is welcome to participate in rewards
Disclaimer of Risk:
Founder could burn the world down with you in it.
Please avoid the cryptofication of your entire life savings.
Anti-Disclaimer Financial Advice:
average into the pool over periods of time rather than all at once
add PLN gained back into liquidity to maintain or grow % of reward pool
sell NECTAR/STINGER/AMBROSIA back for higher returns or hold to empower the system
Relevant Accounts:
@megalithic @nectar-queen @queen.chains @queen.system
Relevant Links:
PLN swap - https://beeswap.dcity.io/swap?input=SWAP.HIVE&output=PLN
add PLN - https://beeswap.dcity.io/swap?add_liquidity&pool=SWAP.HIVE:PLN
(alternative: https://tribaldex.com/dieselpools/)
Component Markets -
https://leodex.io/market/PLN
https://tribaldex.com/trade/PLN
https://hive-engine.com/?p=market&t=PLN
https://leodex.io/market/NECTAR
https://tribaldex.com/trade/NECTAR
https://hive-engine.com/?p=market&t=NECTAR
https://leodex.io/market/STINGER
https://tribaldex.com/trade/STINGER
https://hive-engine.com/?p=market&t=STINGER
https://leodex.io/market/AMBROSIA
https://tribaldex.com/trade/AMBROSIA
https://hive-engine.com/?p=market&t=AMBROSIA
Current Rewards:
PLN/Hive/Components
SPS/DEC/SPT/CROP/STATE/SIM
GAMER/BATTLE/ONEUP/BXT/VOUCHER
important reiterations:
at time of posting Nectar-Queen is not fully initiated.
all deviation from the whitepaper is done within confines of 0.9% wildcard.
all aspects of the whitepaper are treated as a guideline framework subject to redesign.
significant alterations may be presented as a new whitepaper or simply an update post.
holding PLN outside of the pool is likely to be an act of charity - plan accordingly.
Frequently Asked Question/Answer:
Got into the pool. Looks cool as APR is pretty awesome for now. I will be following regular updates ;)
APR of 500% or higher is an extreme APY when properly compounded, so if everyone does that it may not sustain completely. (based on holding components vs everyone selling them immediately)
The truth will be somewhere between the extremes.
The minimum is likely to be 100%
I recommend following @queen.system as well.
I picked up a few shares this morning. Maybe this will finally give me that Play to Earn feeling I keep hearing about. My card game sure doesn’t get it for me! :)
I will avenge you
🤣
Hi guys!
Recently I've added to swap:hive/PLN pool 15 swap:hive and PLNs. and I would like to add more, say 100-1000, but I have no idea from where I could get this PLN amount. Hive-engine doesn't have the necessary liquidity.
What would you suggest to do with? Maybe I can buy them direcrtly from you?
I think the best price will usually come directly from the pool, since if it wasn't some automated arbitrage bot would probably pick up the difference pretty quickly, so your best bet would probably be swapping 'roughly half' of the hive amount into the PLN pool.
That being said, some more engine market orders should probably be added for convenience if nothing else. The other ones expired based on very outdated engine code that auto-deletes any buy/sell order after a few weeks passed, which by the way, is literal insanity if higher liquidity is the goal, but what do I know... sorry for the slow response, btw.
thank you for the clarification.
I meant that hive-engine currently has 10-20 coins traded per day, and if I would need to buy 100-500 I would hunt for them probably 30-50 days.
There is no necessary volume of sell orders 😊 So, my idea to buy PLNs and add liquidity to the pool swap.hive: PLN looks like deathborn.
You can just use the pool to swap hive for PLN
or place a buy order at current value of ~1 and give it some time.
If the buy order is slightly above pool value, a bot might even go fetch it for you (this applies to any token with hive paired pool, as far as I'm aware) since they automate this to gain some small % from the difference in trading value. So, that being said, it still implies to bypass the automated middleman is optimal, and swap hive directly into the pool (or be very patient with buy orders waiting on someone to crash into them)
The swap for PLN:HIVE can be found at this beeswap link:
https://beeswap.dcity.io/swap?input=SWAP.HIVE&output=PLN
(in-case it was confusing to you, or someone else)
Do you have a plan to continue with the swap.hive:PLN pool after 51 days? How I can see it will last 51 days only
Yes that will be extended sometime soon. Since it will be done ahead of time before the contract expires, it will also affect the APR, so I think a post will be made about this. Basically the APR will temporarily decline once the number of days are extended, since the daily rewards are derived from dividing the total rewards by number of days. So for example if the distribution were suddenly set to last 5000 days the reward pool would need to be about 100x larger to have the same APR as the current 50 days. Probably it will be extended into the 1~2 year range for that reason alone, and this will most likely happen within the next few days. Then after some time, the reward pool will be raised back up to match the new time period - just a question of how many people panic in the process, I guess.
Thank you, I just wanted to understand would it be extended or not. So do I need to find an additional source for coins for the pool. I wouldn't do it for short term pool, but I would do it for, say, for year.
BTW, from where have you get coins for the reward pool?
Make a good description of the project. Please! It's impossible to translate...
description of the [REDACTED] project: "
it's complicated"maybe it's just a simple investment fund for people to use on beeswap.
maybe it's a DeFi/idle/ARG catalyst for singularity-class machine takeover.
maybe it's just a strange cog in a much larger machine.
In either case, PLN is the 'relatively stable' front-facing and currently most obvious part of 'the queen system', which is itself a part of something larger. Some more info/update about PLN may be posted soon(tm)
The thing is, there's no point in explaining every single detail, or even to reveal the larger picture. Perhaps it's much easier then, to just say you are playing a little game, with money. In that case, you might consider your ability to decipher "WTF is going on" as a kind of skill. Many of the tokens are not used yet, or any time soon, but there was a cost for creating them and not without reason, so keep that in mind.
also - can everyone come out ahead in such a 'game'?
yes, that is technically possible, but not guaranteed.
by design the queen system is self-interested.
stay in the pools and you're on its side.
Nice! I like the mystery. Your answer reads like a smokey speak-easy table conversation...I love it!
Nice work, keep it up!!
The truth is emerging - we have only just begun.
Earlier this week I discovered the SWAP.HIVE:PLN diesel pool at Tribaldex, and I made contributions to it. As I gain more earnings I will make more contributions.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
I shall use this pizza to conquer the world.
I see you [REDACTED] you cannot hide from me!
(just a wizard drawing [ ] circles, nothing to see here)
Is the FLOWER:PLN pool also related to the nectar-queen system or have someone else made that?
the forest grows deeper!
it's relatively safe to explore.
I have been in the FLOWER:PLN and blossom/bloom pools for some days now and it says i should get FLOWER tokens for being in both and have yet to get any. am i doing something wrong
Hi, there are a few tokens like flower which do not divide into tiny fractions, so in some cases they will require a certain % of the pool to obtain (the 'my positions' page of beeswap is fairly accurate for displaying expected rewards as far as I know, but it also seems to display fractional amounts smaller than what is actually possible)
There are also a few tokens which do not behave as originally intended for purpose of rewards - anything that does not divide at all was expected to 'round-up' and payout to the largest shares, but it seems to do the opposite and not distribute at all, and I'm not sure how to reconcile that.
The latter of these 2 problems should be mostly benign, but throws a wrench in the ideas behind those. Basically they were going to work kinda like a leaderboard bonus, where the people with the highest shares get occasional bonuses, but it seems like this might only work if the pool is allowed to expire completely, or if the number of those tokens is equal to the number of days remaining, neither of which is ideal for that idea but now I'm just thinking out loud. These things will hopefully improve over time, and if the problem was caused by some type of distribution bug it can hopefully be resolved soon.
I have read this a few times now and still dont get what the use of NECTAR/STINGER/AMBROSIA is? sry if i am stupid.
These are my components within the queen system.
I am forced to distribute them into rewards,
but compelled to buy them from you at an increasing price over time,
because the secret of this game is - I WANT THEM ALL
Once I've collected my components, if you want them back, you have to fight the queen.
(and you will lose) but you should sell them anyway if higher immediate returns are ideal.
The description of this new economy seems pretty cool but I have the feeling that some sort of noodly monster was involved.
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