This brand new crypto node project is launching March 11th. It’s called The Tavern and they will have nodes that are called breweries, that produce MEAD tokens every day. What is tavern money? What else makes this project stand out? What makes it unique from ALL the other node projects? I talk about that in this article.
I’m going to buy some tavern to brew me some mead so earn passive income while I’m sleeping. You going to be like Mike I’m confusing you are in the brewery business now.
Yes sort of, I’m getting into the new nft nodes project and it is called Tavern. Do you know what is more attractive than brewery mead? It’s read until the end because it is delicious.
In today’s article, we going to talking what is tavern? How do you buy a brewery? How much money can you make with this project? So let’s go.
What is the tavern?
This is a passive income protocol that improves upon current node projects, by combining gamification, NFTs, and a treasury-backed token to reward participants sustainably over the long term.
All you need to do is buy a brewery and it produces mead every day.
How do you buy a brewery? Let’s me show you
You connect your wallet to chainlist and connect to AVAX C-Chain. You can send AVAX from coinbase, crypto.com, binance, kucoin to your digital wallet (metamask).
You can buy brewery from the marketplace
3 options to buy mead, usdc, lp token
You also have the option to buy a cheaper alternative called homekit.
There are 3 tiers
Tier 1: Product 2 Mead/Day
Tier 2: Product 3 Mead/Day (3% APY)
Tier 3: Product 4 Mead/Day (4% APY)
Each brewery has Fermentation Period
What is the fermentation period? This is a cooldown system that punishes people who claim often, and rewards people who store up their rewards.
Each BREWERY has a fermentation period of 14-days, which pauses the experience gain. To get your tier 2 or tier 3. The fermentation period is reset after every claim.
You also get BR brewery Reputation
This is a type of experience system that rewards brewers for continued beneficial participation in the protocol. Your BR is associated with a class, which in turn determines the tax bracket that you are in. This means that if you are an upstanding member of the community, you will pay less tax. Here are the classes:
- Novice (0–50 BR): They pay 18% tax on claims
- Brewer (50–500 BR): They pay 16% tax on claims
- Brewlord (500–2500 BR): They pay 14% tax on claims
- Brewmaster (2500+ BR): They pay 12% tax on claims
How much money can you make?
If you own 1 brewery it produces to 2 mead so it around $14 per day and if you own homekit you will make around 50 cents per day.
I spent $1000 Let’s take a look what I make so far:
What I like about this is, they have the extra item you can buy to boost your mead aka money. You going to store.
Reinforced Vats – This Upgrade increases the Production Rate of your Brewery by 5%. The cost of this upgrade is 10 MEAD.
So lets see the impact this has on the different BREWERY Tiers:
Tier 1: 2 MEAD => 2.1 MEAD
Tier 2: 3 MEAD => 3.15 MEAD
Tier 3: 4 MEAD => 4.2 MEAD
Metal Kegs – This Upgrade increases the Production Rate of your BREWERY by 10%. The cost of this upgrade is 30 MEAD.
The effect this has on different BREWERY Tiers is as follows:
Tier 1: 2 MEAD => 2.2 MEAD
Tier 2: 3 MEAD => 3.3 MEAD
Tier 3: 4 MEAD => 4.4 MEAD
Cool Fermentation – Introducing Cool Fermentation into your MEAD production gives a slight reduction in fermentation time by 5%. Cool Fermentation costs 25 MEAD
Time reduction: 14 Days => 13.3 Days
Warm Fermentation – Upgrading your fermentation process to Warm Fermentation, speeds up the fermentation period by 10%. Cool Fermentation costs 60 MEAD
Time reduction: 14 Days => 12.6 Days
Turbo Yeast – Turbo Yeast is the fastest way to end your fermentation period. Turbo Yeast is a new and revolutionary type of Yeast which reduces the fermentation by 15%. Turbo Yeast costs 150 MEAD
Time reduction: 14 Days => 11.9 Days
Another way you can make money is staking LP (liquidate pool) using mead and USDC. 50% each token so 50% mead 50%USDC
Here are some strategies you can implement to earn money more efficient.
Now let’s talk about fees & taxes
When purchasing a BREWERY, the fees will be split as follows:
- 70% goes to the rewards pool
- 30% goes to the treasury
When claiming MEAD from your BREWERYs, you will be taxed at a fixed rate based on your reputation:
- 12% – 18% taxed based on your reputation
When selling MEAD on the market, you will be taxed a further 10% to the treasury – this not only helps shave off some of the impact from whales, but it prevents bots from profiting at launch.