The Tavern: A New Token for Earning Passive Income Daily

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Crypto Insight

The Tavern: A New Token for Earning Passive Income Daily

The Tavern is built on the Avalanche network and is out to revolutionize the node world. It provides a system where BREWERY owners earn passive income for life through $MEAD.

What is the Tavern?

The Tavern is a passive income protocol that improves on current node initiatives by integrating gamification, NFTs, and a treasury-backed token to reward users over time.

The protocol allows users to buy BREWERYs that create MEAD at a certain rate for the rest of their lives! $MEAD is the utility token for the Tavern. These BREWERYs can be sold as NFTs on the open market.

In the future, the Tavern is hoping to introduce Tavern Games, which are similar to games played at physical taverns such as Dices.

Why would the Tavern be successful?

The Tavern was created to solve the various problems identified in previous node-forks. These problems include unrealistically high APRs and limited liquidity. To solve these and more, the Tavern offers the following:

  1. Passive Income Daily through earning $MEAD
  2. BREWERYs are NFTs which is an investment and can be sold or transferred later.
  3. The supply of BREWERYs is controlled to prevent hyper-inflationary tokenomics.
  4. There is a lifetime supply of liquidity
  5. The team is KYC’d and audited, hence security is assured.

How To Invest

You earn by owning BREWERY which produce MEAD everyday for life. BREWERYs cost 100 MEAD each to create, and reward MEAD for life, so long as you still have the NFT.

For a Tier 3 brewery, an investment of $10,000 would give you a return of $146,000+ assuming a stable price of MEAD.

How to Purchase a BREWERY

You can purchase a BREWERY by:

  1. You can mint a BREWERY with 100 MEAD on the DApp
  2. Buying one directly from the Taverns Keep
  3. Buying one from another brewer on an NFT marketplace
  4. Compounding one using your unclaimed MEAD rewards

How to Buy $MEAD

  1. Buy AVAX on an exchange (such as Binance or Kucoin).
  2. Withdraw it to your AVAX C-Chain address.
  3. Buy USDC (not USDC.e) on TraderJoe
  4. Buy $MEAD on TraderJoe (the contract address for $MEAD is 0xD21CdCA47Fa45A0A51eec030E27AF390ab3aa489)

Conclusion

The Tavern has a great use case and is still early. It offers a great way to earn passively for life as a brewer. It takes 100 MEAD tokens to create a Brewery.

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