We are pleased to announce that BearX Labs will be joining the Script Network ecosystem. This means some significant things for the BearX holders, which will be explained below. So lets get into this in more detail shall we?
So what is this all about? I suppose firstly, if you havenât already, do have a read of our recent post on utility, where we go over our values and importance on expanding the ecosystem, and bringing true, scalable value to BearX owners.
To learn more about the Script Network x Polygon network and all the advantages it will bring to BearX Labs and community, read all the information below.
So to start with, what is Script Network?
Script Network is a watch-to-earn live tv platform, built to reward users whilst they watch, provide multiple video web3 products and redefine advertisement for the crypto industry. Script Network is built on Script Blockchain, a video optimised chain with numerous dApps already being built, including a video first NFT marketplace for empowering content creators and fractionalising videos to their followers. Alongside this, Script Network is launching a partnered chain L2 (Polygon), which helps bring scale, accessibility and a broadening of its ecosystem.
Key Products Script Network offers
1. Watch-to-earn with online TV â watch TV online and get paid rewards per minute
2. Redefining crypto advertising (allowing crypto/NFT projects to easily promote via the platform)
3. Fractional Ownership of long form content NFTs for filmmakers, studios and content creators
4. Decentralised video storage solution â lowering costs by over 80% for Web2 companies using video
Now through the power of this on chain video platform (a protocol that is built in this way for the first time ever), it opens the door to a range of exciting opportunities for BearX Labs. But what specifically does this do for current Genesis Bear Holders? Lets go over it:
- Access and Opportunity to the Fastest Growing Ecosystem in Crypto: With Polygon Network housing some of the biggest companies, celebrities, organisations and initiatives, it brings BearX Labs closer to global companies to partner, collaborate and grow with more than ever before. In fact, since joining Script, BearX Labs some exciting opportunities pending. TL:DR â a bigger, richer ecosystem brings more opportunities and partnerships.
- Technical Progress and Funding Boosts: Being the first gaming partner on the video optimised chain, Script Network, it allows holders to take advantage of some of the coolest, tech advanced products built within a network that is focused on creating original experiences and solutions. This includes multi-chain fractional ownership on some of your NFTs, help launching a product or project of your own through bounty programs, and free advertising for NFTs you have for sale, or perhaps a business youâre currently running (for example). Do you want to launch your own NFT collection or have an on-chain product you assistance growing? We can help!
- Script Lightning Nodes: Open up further opportunities by running a node (free position to be a node), which will yield limited edition NFTs, payouts and rewards per block and helping the entire ecosystem grow further. As long as you own at least one Genesis Bear, you will be eligible. Free Tokens Airdropped:
- Own 5+ Genesis Bears and get 20,000 SCPT tokens airdropped to you upon launch. With an initial circulation of the token of only 33,000,000 SCPT tokens, this is a significant airdrop for all Genesis owners that qualify. This also gets you 100,000 SPAY tokens later in the year, for free. Its a way of further benefiting those who matter most â the community. You must own 5+ Genesis Bears by the snapshot in order to get the tokens airdrop. There is a good chance this might be the best freebie youâve got thus far in Crypto. Get ready
- Future airdrops: Exclusive airdrops and freebies from being a node
So, what is a lightning node exactly?
Lightning nodes are secondary layer nodes in the SCRIPT blockchain network. They validate each block, verifying these blocks are free of malicious activity or data.
So, what do I need to do if I own a Genesis Bear / 5+ Genesis Bear?
Fortunately, we made it super easy for every holder. Simply hold onto your bears through the snapshot, and you will receive an airdrop, invitation to being a node (if qualified), and access to rewards and prizes from our extended ecosystem.
The snapshot will take place on April 19th. An announcement with the block confirmation and any other necessary details, will be distributed once completed.
To confirm, if you own a Genesis Bear, you will get entry to exclusive opportunities from the world of entertainment, media and content, whereas owning 5+ Genesis Bears gets you 20,000 SCPT tokens for free
You can learn more about Script Network here:
https://token.script.tv â all links are here
You can read more about how the lightning nodes work, and how you can earn daily rewards without doing anything but having a minimal computer spec, here: https://bit.ly/3JwmBOw
We keep talking about Ecosystem, can you guys expand on that a little?
We sure can, anon. One of the things that really mattered to us is building an asset that becomes larger than NFTs, and where its real value cannot be contained in just NFT based utility (ie. this NFT is great because of X game, or before of Y art is cool). This isnât because NFT based utility isnât incredible, but its just that it has ceilings and we want to take it to the next level. So, we introduce to you just the start, of the BearX ecosystem.
We are already looking forward to the day we look back at this in months / years to come at how much weâve grown and expanded upon this diagram, but for now, we are so excited to built out plans with some of the great partners below. Youâll notice weâve covered multiple different categories within blockchain, including gaming, protocols and trading, whilst still mentioning merchandise etc also.
How does Polygon come into this exactly?
Polygon Network and Script Network is in partnership. This partnership will enable our Script network to scale and satisfy the demand of thousands of users without any hiccups and with minimal service fees. Another advantage Polygon brings to the table is the capacity to add cross-chain capabilities to our network. In doing so, we will easily be able to connect to different blockchains and create innovative use cases. In short â the capabilities of Polygon, alongside the dAPPs and partnerships they have, opens up a world of opportunities for BearX Labs, being a plugin to their already world class ecosystem. BearX Labs, like Script Network will create original products, and help Polygon Network grow further through innovation and in return, Polygon will help leverage their ecosystem to create marketing and product based opportunities for Script Network.
So whatâs next?
Look out for the snapshot at the end of the month, and be sure to be holding 1 (or 5) Genesis Bears by the snapshot day to ensure you get your airdrop once SCPT tokens go live.
!chomp đ»
DISCLAIMER
BearX including but not limited to the overall project, the token, website, smart contracts and any apps (âBEARX LABSâ) as presented in this conceptual paper is not an licensed, unlicensed or exempted financial or payment service of any kind and in any jurisdiction. Any terminology used in any documentation, on the Website or within the app is intended only as a basic reference, without any effective or legal meaning of the same terms in a regulated and/or financial environment. BearX is a fully and completely decentralized and community driven project and does not have owners, shareholders, promoters, marketers, managers, directors or other figures or entities exerting any form of governance; the BearX smart contracts are open-source, security audited, permanent and non-modifiable in any way. The BearX token is strictly a utility token in any jurisdiction and is not and can not be considered as a security or otherwise a regulated token of any kind, is not in any way e-money and/or a fiat or asset backed stablecoin, whether global or limited in scope. The documentation in itself is not a contract or a contractual agreement of any kind, is not an invitation, solicitation or offer to invest in Bear X or acquire or use its Bear X tokens in any way and with any expectation of profit in any form. Any user of BearX declares to have received appropriate technical, administrative, regulatory and legal advice before and after accessing and/or reading this documentation, the website and using any portion or element of BearX (including any BearX token therein) and accepts that there is an inherent high risk in accessing, acquiring or using any kind of blockchain and/or crypto system, token, platform, software, interface including BearX and further acknowledges with full disclaimer for any community member directly or indirectly involved with BearX, that there can be any kind of damage suffered, including total loss.
Website: https://bearxlabs.com/
NFT Contract: https://etherscan.io/address/0xe22e1e620dffb03065cd77db0162249c0c91bf01
Opensea: https://opensea.io/collection/bearxlabs
Token Contract: https://etherscan.io/token/0xd718ad25285d65ef4d79262a6cd3aea6a8e01023
Token Chart: https://www.dextools.io/app/ether/pair-explorer/0x098e65379ab97251b4b9261fd879acc08186a16b
Twitter: https://twitter.com/bearX_NFT
Medium: https://bearxnft.medium.com
