Harmony & bRing - liquidity staking solution

Funding Proposals Grants
1

Name of Project

bRing.finance

Application type

Product Launch

Proposal overview

What is bRing

bRing is a decentralized cross-chain staking platform. Our mission is to help young projects get a starting liquidity for their tokens, and provide users with a stable income.

Our platform provides token and liquidity staking to young projects. Projects need this in order to ensure the liquidity of their token at the start of their development.

Our innovative referral system is yet another unique feature our experienced team of blockchain developers bRings to the table. It incentivizes our community to invite other participants to the established pools, rewarding those they refer to and themselves with higher yields.

Our staking solution will offer cross-platform-generated yields, with a sole requirement to stake a single project’s token. In addition, the embedded gamification feature incentivizes the participants to stay for the entire duration of staking, since they will largely benefit from the accumulated rewards.

Why bRing needs Harmony and Harmony needs bRing

Bring will complement the Harmony ecosystem because:

  • Bring is a fully decentralized platform that is in line with Harmony’s core principles
  • Staking functionality will help young projects on the Harmony blockchain to launch and get a starting liquidity
  • The launch of token staking pools on the Harmony blockchain will be highly beneficial for both projects and users
  • bRing has a strong and ambitious team. We strive to develop our project and at the same time help other teams like us

Team

Oleksandr Bodnar

Co-Founder of bRing.finance

Oleksandr is a product-focused engineer with over 8 years of experience in blockchain and tech. He is a co-founder and CEO of ElephantsLab LLC.

Twitter | LinkedIn | E-mail

Dmytro Zarezenko

Smart-contracts developer

More than 15 years experience in software development, including web, mobile and blockchain development. Dmytro has been working in the blockchain industry for more than 5 years in the team lead position.

Twitter | LinkedIn | E-mail

Valentin Oliinyk

DApps developer

5 years’ experience in the blockchain industry. Worked at London-based (CEX.IO) and Swiss-based (SwissBorg) cryptocurrency exchanges. 1 year’s experience in DApps development.

LinkedIn | E-mail

| Telegram Channel

Proposal ask

$10K after launching bRing on the Harmony testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching bRing on the Harmony mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

Metrics for success

Users

10k+ active users
500k locked liquidity

Partners

Expanding the range of partner projects

Technology

Launching on the Harmony Network

External links

bRing.finance | Twitter | bRing Community

2 Likes
2

Thank you for submitting a proposal to Harmony’s $300M Ecosystem Fund

We are in the process of reviewing your proposal. We would also love :blue_heart: to have the Harmony community participate to ask questions and provide feedbacks.

If you have more details to add, please do so by replying to this thread.

3

Blockchain is a permissionless ecosystem. Curious to know, how different is this from existing cross-chain staking solutions?

4

Hey Jacksteroo! Thanks for your question.

We differ from other projects in that we provide fledging undertakings with staking solutions out of the box. It’s vital for newly launched projects to get initial liquidity, and we understand that. Therefore starting staking with us is a total cakewalk, compared to others. Furthermore, we are also offering a multi-token staking. We unite several projects in 1 pool and this benefits both sides. Users get their rewards diversivied while projects get a chance to meet new partners, form new alliances and cooperate in the future.

We’re open to emerging projects, we’re primed to study them and learn more to assist them with gaining audience and, you’re right, liquidity. We make sure that holders get beneficial staking opportunities as well, that they get truly promising tokens based on a blockchain convenient for them.

1 Like
5

Looks like the ElephantLabs team is quietly growing and building up bRing. Solid proposal.

Approved for $50K Launch grant. Congratulations! Looking forward to seeing this built out with the first milestone for a Testnet Launch built on Harmony :tada:

“Testnet Launch” means launching a feature-complete product on Harmony Testnet. We define feature complete to include a user interface, connection to a wallet (Metamask, Harmony ONE Chrome Extension, etc.) on Testnet, and can be tested end-to-end by at least 100 users.

Funds will be released upon completing these milestones

$10K after launching bRing on the Harmony testnet
$10K after forming a DAO with 5-out-of-9 multisig with our DAOs
$10K after launching bRing on the Harmony mainnet with audit
$10K after 1K daily active users (with launch video, full PR promotion)
$10K after 10k daily active users (with a detailed roadmap, governance process)

Meanwhile, to prepare receiving funds, email your identification documents to kyc@harmony.one and create a Gnosis Safe MultiSig wallet at https://multisig.harmony.one and using instructions below
:arrow_right: Setup Gnosis Safe with MetaMask & 1Wallet

Checkout the Funding FAQ for further info at Harmony Funding FAQ. Join the Harmony Grants Telegram channel to share your story and to gain partnerships there by growing your own ecosystem.

Please join the Harmony Grants Telegram channel and Harmony’s Discord server.

We’d love :blue_heart: to see weekly updates on this thread here, to keep the community posted on this proposal’s progress!

3 Likes
6

my congrats to the bRing.Finance team!

@Jacksteroo, I’ve just sent you an invite to the join telegram group for the further communications

1 Like
7

We’re approved for a grant! :partying_face: And we’ve already taken the first steps towards achieving our goals! :h_check:

Our product is already up and running and ready for a testnet launch on Harmony. :harmony: MultiSig is passed: Harmony Blockchain Explorer .

Our DAO was built with the team and loyal community of bRing. And furthermore, we’re glad to have in our DAO - @nickv. Nick @nickv, thank you for supporting the project. Welcome to our DAO. :blue_heart:

We keep on grinding to grow and improve! Follow our forum to catch up on the latest news and stay in touch with bRing.finance! :o:

8

Hey guys!

We keep on working on the launch of a project on the :harmony: Harmony network. We were joined by @dpagan-harmony , which we appreciate dearly. :raised_hands:

Our next step is a mainnet launch. We decided to hop right onto the mainnet at the beginning of the upcoming year, on 10 January, since our product is already operating on other blockchains.
Now we’re open for Harmony-based projects wanting to implement staking opportunities for their holders.

You can contact us directly here or via the form on the site.
Follow our thread to stay up to date with us!
Wishing you a Happy New Year! :christmas_tree:

9

Hey guys! :raised_hands:

We keep on working on our project. We prepared bRing 2.0 for you. :metal: All shiny and refreshed, it’s powered by a new audited smart contract and has an upgraded GUI.
At this point, our objectives are as follows: make the new GUI available online and launch the first staking pools (that we call Rings) on :harmony:Harmony.

So remember that we welcome Harmony-based projects looking to provide their holders with strong staking solutions. Well, look no further!

You can get in touch with us right here, via the form on the site or DM @Sofiia_El on Telegram.
Follow our thread to stay up to date with us!

2 Likes
10

bRing is moving steadily to launch on Harmony and the :o: BRNG contract has already been added! :h_check: You can see it on Harmony Block Explorer! :harmony: :metal:

11

What’s new, Community?! :raised_hands: We have hot news!! :sunglasses:
The bRing team is going to the Harmony Developers and Creators Day :harmony: :metal:
event on February 19 to introduce our project to the crypto community.
:pushpin: Location - Kyiv, Ukraine.

Strap in for updates right from the venue, it’s going to be real hot! :fire:

12

Hey there, friends! :wave:

Our team attended the Harmony Developers and Creators Day event to introduce :b:Ring to the Harmony community and everybody eager to learn about crypto. :metal:

Thank you ONERuDAO for such a great opportunity, that was lit! :fire:

A little bit more in our blog :point_right: Summing Up The Results Of The February | by BRING.FINANCE | Mar, 2022 | Medium

13

Dear #bRingers!

We’ve been waiting for this to get material for such a long time, but today it has finally arrived. We built a bridge solution of our own! Bridging $BRNG tokens from one network to another is a piece of cake from now on out. :fire:

Just use :point_right: Bring Finance Bridge.

Now users can transfer their tokens from Ethereum to Harmony for example and experience all the features of the :harmony:Harmony blockchain. :blue_heart:

14

Hey guys! :harmony: @Jacksteroo @nickv

This just in: #bRing 2.0 is already available on the Harmony mainnet :rocket:

We launched $BRNG staking on the Harmony network. This indicates we’re fully operational on the blockchain. Everyone can stake $BRNG conveniently, reaping the rewards.

Let’s go :blue_heart: : bring.finance

15

Hi @Sofiia, Congrats on the milestones. Keep the community posted on current updates and active users when possible. Thank you!

1 Like
16

Thanks! We are already available on the Harmony mainnet. Harmony Pool with $BRNG is live and open for users. :h_check:
We will be posting updates and grant milestones here and hereafter. :metal:

17

@cheualx Hey! We’ve already filled the form. :h_check:
Waiting for the next steps and continue to develop our project :muscle::blue_heart:

18

Hi @Sofiia,

Let’s create a Telegram group or invite me please. I’ve been having trouble staking on bring.finance and just want to be sure its operating okay.

Lastly, please provide your multisigs of your 9 signatories.

Thanks!

20

Hi @cheualx ! Already created :h_check: And we can continue the discussion in the chat.

1 Like
21

I’m on the site and I don’t understand how it is any different than any other staking pool provider? Do you currently offer any pools to support projects in their initial liquidity, or are you not to that point in the project yet?