At the core of these features is the BYG token. $BYG is the native token utilized on the platform, used to reward users for bonuses and other activities carried out on the platform. It is cross-chain, and as a result, it can be used on all blockchains the product implements for its operations. The supply is pegged a one billion with no potential intentions to inflate this value. Relevant to this review, one of the most apparent use cases of this token is staking.
The Black Eye Galaxy features a framework that allows you to pledge your $BYG token to its protocol and earn rewards in exchange. Staking this token enables you to take an active part in securing the entire network by locking up your assets. Consequently, you get rewarded for the network security in the form of the $BYG token.
On Monday, 23.08 at 2 pm UTC, the platform will open its staking pools, and as a holder of the native token, you can stake your assets and get eligible to access incentives in form of planets and membership cards. Note that the staking criteria and features vary depending on the alliance membership you hold.
As for the BYG Alliance Membership cards pool, it features a sum of 450 NFT cards, as highlighted earlier, and each user can only stake their assets once from a particular wallet. The staking will last for 30 days and the amount required is 5000 BYG tokens. Before the end of the staking, you may decide to un-stake your assets. However, this comes at a cost — you will not be eligible for any reward. Lastly, as a reward, staker will qualify for a 1 Alliance membership card.
Furthermore, for the SuperLauncher Alliance membership cards pool, similar to the BYG Alliance pool, each user is only allowed to stake once from a specific wallet, but unlike the BYG pool, there are only 250 NFT cards in the SuperLauncher Alliance Membership pool. The staking length remains the same, 30 days but the amount required for staking is increased to $8800 BYG. Also, as a user, you can decide to un-stake your token as you deem fit. However, the consequence is the same as what is highlighted in the previous paragraph. As a reward, stakers can access 1 Alliance membership card.
In the planet’s pool, there is a sum of 30 planets present in the pool, and just like other pools, you can only stake once from a specific wallet. The staking length remains the same but the amount required increased to 33k BYG tokens. Other criteria and rewards remain similar to the two aforementioned pools. As a user, you can stake in any pool you prefer. But considering the limited amount of rewards, these pools will implement an FCFS framework.
Assessing the roadmap, the internal marketplace is the next agenda following the project launch. I believe this is an actionable and practical way to sustain and guarantee the longevity of the project. Every asset present, ranging from spaceships to planets, will be sold on the platform with $BYG at the core of the process. Coupled with the staking pools, this action will undoubtedly skyrocket the demands on the token.
Moving further to the midterm milestone, there is the development of mobile app options and PCs, built on Unreal. As a gamer, you know what Unreal is capable of, and right from the project Demo, you could the breathtaking true 3D space galaxy represented in these developments.
Following this milestone is the land sales on inhabitant planets as well as multiplayer planets surface worlds. This idea is somewhat similar to what you can find on SandBox, where you can purchase lands, develop new tradable resources, adopt portals to travel in-between planets, as well as build buildings.