"The Blue Ark Metaverse Entity Concept Store"
BlueArk was officially launched on September 1, 2021, and in just half a year, the market value of its platform token (BRK) has soared more than 400 times. On 16 February 2022, they founded The Blue Ark, Hong Kong's first Meta-Universe Physical Concept Store, at The Peninsula Tsim Sha Tsui, Hong Kong. The Blue Ark has also been home to a number of famous brands, artists and creators, including The Sandbox, Ruby9100m, Mizuki Nishiyama, Sankuanz, Kwai Bun, Meowdel NFT and the South China Morning Post, among others.
Through recent developments, the BlueArk team is fulfilling its commitments one by one, the most interesting of which is the recent blueArk officially launched the "BRK pledge pool", which provides more than 45% annualized income for participating users, and the total hedging amount exceeds HK$100 million in just 14 days.
The total lock-up volume of the "BRK pledge pool" has increased explosively!
The total amount of hedged positions has exceeded HK$100 million!
Image source: https://home.blueark.io/ (BlueArk)
BlueArk officially launched the "BRK Pledge Pool" on The BlueArk NFT Marketplace on March 23, 2022. First, briefly explain what a pledge is: the English word for pledge is "Staking", and investors only need to put their assets into the platform to get rewards. The "BRK pledge pool" means that users put their own BRK into the BlueArk platform, and they can get BRK as a reward. Conceptually similar to a bank's term deposits, it has an annualized interest rate of up to 45%, far exceeding the returns of traditional investments.
Therefore, when the "BRK pledge pool" was launched, it immediately attracted the attention and pledge of a large number of investors. According to the data (see chart below), 5 hours after the launch of the pledge pool, the number of tokens pledged by users on the platform was 24,254,278 BRK (about $130,000). Three days later, the number of tokens pledged has reached 1,421,632,972 BRK (about $8 million), an increase of 6200%.
Image source: https://www.instagram.com/p/Cbj_xHZp_K3/ (Instagram)
Its growth momentum continues unabated, and it continues to reach staggering figures. As of April 1, 2022, the number of pledged tokens has exceeded 2,500,000,000 BRK tokens (about US$12 million), which is just 14 days, and the assets of the pledge pool have exceeded HK$100 million (see chart below), which is amazingly powerful.
Source: https://www.instagram.com/p/CbzD0uTJzim/ (Instagram)
The reason why the total amount of the "BRK pledge pool" exceeded 100 million
Source: https://brk.blueark.io/staking (BlueArk)
The total amount of the "BRK pledge pool" can exceed 100 million in a short period of time, and it is not difficult to understand that one of the main reasons is the extremely high annualized return on income.
Nowadays, the common traditional financial products, such as insurance, banks, funds, etc., or the purchase of houses and rents, the rate of return is often single digit (such as 3-5%), and the value increase has not been able to catch up with inflation. The "BRK Pledge Pool" is divided into different levels and distributes rewards according to the pledge time (see figure above), the highest of which is Level 7, as long as the pledge is completed for 365 days, it can get an annual interest rate of up to 45%, far exceeding the return on ordinary investment.
The second reason for breaking 100 million is "flexibility", because users can choose to redeem in the "BRK pledge pool" at any time, and the system will return the principal and the rewards received to the user. Traditional investments take a long time to get a return, it takes 5 years, 10 years at every turn, and monthly contributions are required, which increases the pressure and burden on investors' lives, the most puzzling of which is that if the payment is terminated before the specified date, the full principal will not be refunded, so that investors are often caught in a dilemma.
The third reason is "credibility". BlueArk has been in existence for half a year, and has been fulfilling its commitments one by one, and the project has moved forward step by step according to the planning of the roadmap. These include the creation of a unique NFT Marketplace and the opening of Hong Kong's first Meta-Universe Physical Concept Store at The Peninsula Hotels. In March, BlueArk also announced six major good news on official social media, including the launch of the well-known trading platform LBank, the launch of the "BRK pledge pool", and the weekly live broadcast activities of the CEO and creative director with users, all of which have been cashed in. It is not difficult to see that the project party is committed to maintaining the development of the entire project and keeping users confident enough.
The fourth reason is "upward potential". Users participating in the "BRK pledge pool" requires locking their BRK tokens on the platform, which will greatly reduce the liquidity of THE BRK on the open market. A decrease in liquidity means a reduction in the supply of BRK in the market, and according to the simple law of supply and demand, a decrease in supply means an increase in prices. As the supply of BRK in the market is getting less and less, it further promotes the rise in coin prices, causing fomo sentiment (fear of missing out) in the market, making more investors scramble to buy BRK and then pledge, forming an upward cycle.
Why can the "BRK Pledge Pool" provide an annualized return of 45%?
Source: https://home.blueark.io/wp-content/uploads/whitepaper_20220214_ZH.pdf (BlueArk)
According to BlueArk's white paper (see chart above), 60% of the total issuance of BRK tokens will be given back to users in the new form of "participation is mining". This method is different from the traditional mining model, users can get rewards through different methods - that is, to participate in the ecology on the platform, and one of the methods is to obtain rewards by pledging BRK in the "BRK pledge pool".
This method of rewarding users for participating in the platform ecology is really conducive to the long-term development of the entire project. Because the beneficiaries are obviously the participants themselves rather than the project parties themselves, the participation of users is not only to earn remuneration, but also to contribute to the platform by users, and to maintain the ecological stability of the entire project with the assistance of users, but also the user's affirmation and confidence in the platform.
How to become a user to participate in the BRK ecosystem?
Users who want to participate in the BRK ecosystem and participate in the "pledge pool" to enjoy up to 45% annualized returns can purchase BRK in the open market. BRK tokens are cryptocurrencies that need to be purchased on cryptocurrency exchanges. In general, cryptocurrency exchanges need to use USDT (TETHER) to buy other cryptocurrencies.
USDT is issued by Tether Company, with a 1:1 hook with the US dollar, and the Hong Kong dollar is linked to the US dollar, so the general Hong Kong users are 7.8 Hong Kong dollars to convert to 1 USDT, and then use USDT to buy cryptocurrency assets.
If you don't know how to do it, you can go to The Blue Ark at the Peninsula Hotel in Tsim Sha Tsui, Hong Kong, where staff will be on hand to explain.
In addition, BlueArk will have a USDT redemption price of 7.7 from April 11, 2022 to April 25, 2022, which is cheaper than the general exchange price. Simply visit the physical store at The Peninsula Tsim Sha Tsui hotel to redeem the above USDT offers. New users will also give away the Gummy Villain NFT designed by BlueArk's creative director Dough-boy for free, which is very collectible. All of the above offer details and details can be found in BlueArk's latest news posted on Instagram (see chart below).
Source: https://www.instagram.com/p/Cb1yeYWJ1cs/ (Instagram)
In addition to the USDT redemption and complimentary NFT, The Blue Ark will launch an exclusive NFT solo exhibition "Transhumanity" in April in conjunction with Ruby9100m, bringing visitors a range of artworks, sculptures and art decorations to create an unprecedented new experience. For details, please refer to BlueArk's Instagram post (see image below).
Source: https://www.instagram.com/p/Cb1yaDTJK_z/ (Instagram)
About BlueArk
BlueArk, summed up in the simplest language, is a bridge and medium that brings the imagination and creativity of all humanity to the metaverse.
BlueArk's business includes art, creation, music, video, multimedia, games, smart chains and concept stores. BlueArk will use advanced concepts and technologies such as blockchain, NFT and artificial intelligence to provide space and opportunities for creators around the world to unleash their creativity and imagination to create more and better business value for their work. As the name suggests, BlueArk intends to get all creators aboard the Ark and be prepared for the Meta-Universe Big Bang that will soon appear! 6G, Virtual reality, Extended Reality, Artificial Intelligence, blockchain (BlockChain) and other technologies are ready to develop, virtual and reality will be seamlessly combined, the metaverse will be from a nihilistic vision, into the actual operation of the real world, and the speed will be faster than anyone imagines. At present, human beings have only two choices, one is to keep pace with the times, and the other is to lag behind people.
BRK is BlueArk's native token, through the concept of NFT, DeFi and GameFi, to create a meta-universe financial ecosystem with BRK as the circulating currency, giving substantial financial value to everyone's creations and works, and assisting all participants
Create a broader and boundless digital business field, create a better life, and achieve greater dreams. In this way, it will further contribute to and occupy an important seat for the vast decentralized financial system of the future meta-universe world. The metaverse concept and technology have been facilitated, heralding a major evolution that is about to make dreams come true, and BlueArk is ready for everyone to ride the blue ark that leads to the boundless meta-universe.
BlueArk is no longer far away from achieving a leadership position in the cryptocurrency and metaversy industry in the second phase of its development blueprint, with the support and assistance of strong partners and groups. I believe that the goal set by the development blueprint is not grandstanding, and now that the second phase is close to completion, we can wait and see the future development trend of BlueArk.
The Blue Ark store address: BE1 &3, G/F, The Peninsula Salisbury Road, Tsim Sha Tsui, Hong Kong