BulbApp: The Stake To Earn Model

Credit: Investigator515

Bulbapp has finished some radical new changes. Let’s check them out.

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As we gear up for the much-anticipated Bulb Liquidity Event on the 13th of April, we’ve seen some fresh changes on the Bulb platform. These changes have been implemented in a tokenomics refresh as well as new steps around bot and spam management.

While we explored some of the changes in last month's article, given that April 1st has been the initial point where these changes have started to play out, it’s time to take a look and see how the changes have gone. And as always, read on until the end for your chance to win a share of the most recent Bulb prize pool.

Why Do To Earn & Bulb.

First and foremost, the stake-to-earn model empowers YOU, the content creators, like never before. Gone are the days of relying solely on views and clicks for your hard work. And forget about giving away your content to web2 providers who have no interest in rewarding you for this content. Now, with Bulb, your engagement and contribution can directly translate into tangible rewards. Better still, by staking your tokens, you not only demonstrate your commitment to the platform but also a new world of earning potential.

Previously Bulb focused on a leaderboard system, where you’d accrue points based on the do-to-earn system and then be rewarded bulb tokens for those points. While this worked in the early stages of platform development, the staking model provides far more encouragement to stick around and HODL some tokens to stake for long-term earning potential.

While Do To Earn won’t be everyone's cup of tea, for those experienced with Web3 you’ll find it a reasonably simple experience to get started. And yes, this effectively means you can now double dip, earning leaderboard rewards as well as staking rewards. Nice.

The Multipliers

For those that have been on the platform for a while, you’re probably used to and are already using, Bulbmoji NFTs to enhance your points-earning ability. And while this will continue under the new model, you’re also able to earn multipliers as a reward for staking your tokens as well.

While your multipliers will be directly related to the number of tokens you’ve staked, it still offers a chance to level the playing field for those daily users of Bulb who still hold a modest-sized stack. Paired with the original boost of a Bulbmoji, under the new system you’ll find it much easier to earn points and broaden your stack.

Other Useful Tips & Future Directions

In the leadup to the liquidity event on 13th April, there’ll be further information released by the team about the event, including the liquidity pool, list price and other relevant information. In the meantime, you might find it useful to follow the following accounts in the lead-up for further information.

BulbApp on Medium
Bulbapp on X / Twitter
Bulb’s official User Discord
Bulb user AndrewSaul on X / Twitter
Our Own X / Twitter for contest updates
Our Crypto Telegram for Contest Updates
Given we’re in the early stages of the staking model and that Bulb is pretty well known for implementing changes to enhance the user experience, it’s worth considering your own thoughts around the staking model and looking at what you’d like to see as it may be worth suggesting to the team. Stake to eliminate spam? Maybe. Content staking, like other platforms have attempted to do? Also possible. The power of Bulb has always been from within the community so if you have ideas feel free to share them. It is, after all, a community-focused platform.

The Contest

And finally, we arrive at the part that people are really here for. The good old token rain. And you’re in luck because there is a giveaway and in this instance, it’s going to be pretty simple to put together an entry.

With the focus of the new launch being the staking model, and over 25m tokens staked already, we want to hear all about your staking. How much you’ve staked, what your potential rewards are, any amazing ideas you have about modifying the model and of course, memes. If it relates to the new staking model then we want to see it on your social media

This means that we’ll accept:

1. Blog Posts like this one on Substack, Medium or Bulb.
2. Short Format Social media posts.
3. Longer format social media posts.
4. And of course, Memes

You must post your entry to X / Twitter with the following hashtags.

@bulbappio
#dotoearn #staking #burning.
@defi1crypto2
@inv515
$BULB #Web3 #Socialfi.

And ensure you are following all the relevant accounts.

The best thing to do is to check the community rush Zealy challenge for all the latest information with regard to the entry criteria and rewards.

If you decide to enter, good luck, and don’t forget to join us on liquidity day. And remember, the future of blogging is in our hands.

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