Deep Dive: The Blockng Civil Beam Pools

At first it may seem a little confusing of how the CIVIL Beam pools work on Blockng's DEFI page at : https://blockng.money/#/kudos

Here I'll give a little bit of an overview:

• Why this is game changing for Projects & Investors

• What it costs & how to create a beam farm pool for project leaders

• How to get Law Rights to get voting rights

• How to vote for Konra or your favorite farm

• How the KONRA Kingdom's CIVIL BEAM FARM can help you gain some Law for your long term HODL bag.

Yeah, it's actually a deep dive, but since you're here and you really want to get some more Law into your hands you might as well pull up a chair.

First of all, why the Kingdom went for a CIVIL BEAM pool....

...and why your project should too!

The Law token project by Blockng is one of the most prestigious and long term innovative projects on SmartBCH and other than the Kingdom it has the greatest potential to really change our interactions with Blockchain technology. Any ability to earn LAW tokens is considered something worth to be explored as they have a total supply of only 21 Million and have a real fair distribution among the community. Furthermore being plugged into the Blockng platform is vital for long term success for the rest of our projects as they've been on the forefront of innovation on SmartBCH for the whole time.

In short in my humble opinion working towards getting a BEAM Farm is currently one of the single best steps a long term project can do to build their future.

The Kingdom also feels that tokens pegged to LAW are safe from future issues, unlike those who were unfortunately pegged to FLEXUSD when that whole thing went down hill like a roller coaster. As such regardless of what else is going on in the ecosystem LAW is pretty safe and stable aside from the Kingdom currencies and BCH itself.

As such LAW is going to become one of the Kingdom's main holdings aside from BCH.

Here are some of the benefits for the SAVVY project DEV:

• Community members love earning LAW tokens

• To my knowledge a beam farm cannot be taken off the blockchain

• The APR rate can grow organically with the project's development & community growth

• Getting a BEAM Farm will show a project is long term focused

• It's an incentive for the community to vote for and keep locking up LAW tokens to increase a farm's APR; allowing to unify our communities around a common goal.

• Increases the value of the collective LAW holdings from all of us!

• Beam Farms will give Projects a way to directly be included in Blockng's protocol giving projects additional exposure in the markets and a bit of prestige and Klout along the way.

• Project leaders can *responsibly* farm beam pools to help increase their own projects' liquidity and use it to build a real treasury in LAW tokens or even occasionally buy back and burn their own tokens. On the flip side, project leaders can farm like crazy on other project's beam farms and thus increase their own liquidity, boost their treasury and otherwise improve their projects while helping out the whole ecosystem. Win - Win for everyone!

Why you as an investor should farm CIVIL BEAM POOLS:

The APRs are similar if not better than most DEX's farms and all of the pairs are paired with LAW making them very safe and attractive investments for the long term.

All of the CIVIL beam farms let you earn LAW tokens, so they're extremely good for your long term portfolio. Holding LAW is extremely beneficial as if you read more about the LAW project and now see how they're implementing the CIVIL beam pool program it'll let you see why LAW tokens are a clear choice for the future as Blockng is one of the few projects besides the Kingdom which truly understands advanced tokenomics!

Cost of Setting up a CIVIL BEAM Pool:

Setting up the CIVIL BEAM pool was expensive, I won't lie. At approximately 1000 dollars in this slump market it was normally way out of the reach of the Kingdom's budget, but I found it so important for the Kingdom's long term success that I used my own money to make it happen and added a LawPunk to it in order to lower the cost of entry a little.

May the poor sacrificed Law punk #279 with her blue eye shadow live for all eternity on the blockchain watching over the Kingdom's farm!

Total approximate cost to set up a Law CIVIL Beam pool:

• 3.5 BCH & an equivalent amount of LAW tokens

• (These are in the form of BCH - LAW liquidity provider tokens)

• 1 Law Punk

Alternatively you can provide the whole thing in Liquidity tokens but that makes the CIVIL BEAM pool even more expensive as you'd have to provide approximately 7 BCH & the equivalent amount of LAW tokens in Liquidity tokens. That's a LOT of LAW, trust me. It's even worse as the market is down right now, so those BCH and LAW tokens are worth more than 1000$ once the market recovers.

Some projects may get lucky and have someone else create their beam FARM for them, but for most of us it'll be up to us to do it ourselves.

So when selling that next NFT collection, consider putting a good amount aside for that BEAM farm.

In the picture the screen shot as I set up the CIVIL BEAM pool for Konra. Shown with adding a LawPUNK option, otherwise it would have cost 131 LPs of LAW - BCH from LawSwap. I picked a low ranking level 0 LAW punk as I don't think the level makes any difference in the process.

EASE of setting up a CIVIL BEAM POOL:

The process itself was easy, you simply go onto the KUDOS page on the Blockng website, scroll down past the LAW DAO section and click on "CREATE BEAM".

Once there you can choose your LP pair for the farm, choose if you wanted to add a LawPUNK and then pay the fee in LP tokens. Of course you have to approve everything with your wallet and the process is a few steps.

However, once it's done the Beam pool goes live a few minutes later, but as you'll notice it won't have any APR attached to it yet.

• Note: After you complete the creation process it'll take about 3 - 4 minutes for your beam pool to show up and when it does show up it'll be on the bottom of the listing (so you may have to look on page 2 for it). You're on the bottom as you will have a new BEAM POOL with no vote power yet. Those waiting minutes were the most tense 4 minutes of my entire life; let me tell you that as my internet does glitch a few times per day!!

As you can see in the picture above, the KONRA Civil BEAM Farm is live but there's no APR yet, even after I added vote power to it as it takes about a day or so after you add LAW VOTE POWER to it. And that's of course if I did everything right; I sometimes goof things up and then have to go fix it afterwards....

But the main take away is that just by creating a BEAM pool you can't earn any LAW yet from it until more things are done as I'll explain below.

Getting a New Farm an APR

It's important to note that when someone creates a BEAM farm you only get the farm. It doesn't yet come preloaded with rewards doled out; so it's not a plug and play farm.

This is like buying the land to put your farm on, now you gotta buy the chickens and convince the towns people that they might like what you're planting there...

All of the CIVIL BEAM farms on BLOCKNG get reweighted every day for their share of 7692 LAW tokens, and in order to get a share of the rewards the community has to vote for the farm with their LAW RIGHTS vote power. I'm not sure exactly how the reweighing works or if it's exactly every day or if it takes a while to fully get into the system. There's a lot of really complicated stuff going on under the hood, so once you have your farm and some vote power on it, have patience.

However in a nutshell the higher the percentage of the total VOTE POWER your favorite farm has, the better the rewards.

For example:

• 0.33% = a little over 25 Law per day

• 1% = 76.95 Law per day

• 5% = 384.75 Law per day

• 10% = 769.50 Law per day

• 25% = 1923.75 Law per day

• Keep in mind that if you're farming a farm that the rate is for the whole farm per 24 hours, so your estimated daily reward goes by how much of the total pool you have as a farmer. Either way, the rates are very good for most pools. But they do change as the farms are reweighted, more people join the farm, etc.

• If the farm has a 0% APR rate then it either doesn't have any or enough vote rights attached to it or it's younger than 24 (or however many hours it needs) and thus hasn't been updated yet with their votes counted properly in a reweighing.

• As the ecosystem changes and more farms come online, the competition will likely become greater and the need for more LAW votes will be vital. This is HIGHLY bullish for LAW token holders as the demand increase for LAW will go up significantly as more LAW are locked up and used to create beam pools.

• Not sure how the bribery section will work once it goes live; but given how Blockng does things it's sure to get interesting and add another layer to the system.

I encourage every community member who supports SmartBCH to use your vote power to upvote the farms of the Konra Kingdom and other projects you like and support.

Consider focusing on the smaller projects as the big projects often have plenty of farms on most of the DEXs and they will always get theirs, as they have large budgets and plenty of supporters, it's the small projects who need these farms the most and who will benefit the most from your votes. Small projects are often ignored or passed by most of the DEXs and often have to pay for farm rewards from their own tokens or with their own money.

Why I chose Konra to have the BEAM Farm:

Konra is a low supply low cap and extremely scarce token; making a BEAM farm even more powerful for our holders even if our percentage rate isn't that high it can still do wonders.

Getting LAW RIGHTS VOTE power:

You get VOTE power by getting Law Rights and you get those by locking up your LAW tokens for some time and / or locking up your Lawpunk for the same amount of time.

Where to get it:

On the KUDOS page, you'll see the heading with the LAW DAO. There you'll see the option to mint LAW RIGHTS NFTs by locking up your LAW assets.

Lock up Terms:

• 1 Month

• 6 Months

• 1 Year

• 4 Years

• 100 LAW tokens locked up for 3 months will get you 2.5 Vote Rights (2.5 veLAW)

• 100 LAW tokens locked for 6 months will give you 12.5 Vote Rights (12.5 veLAW)

• 100 Law tokens locked for 1 year will grant you 25 Vote Rights (25 veLAW)

• 100 Law tokens locked up for 4 years will get you 100 Vote Rights (100 veLAW)

• Each power level of your LAW punk will give it a little bit more Vote Rights, it's not that big if it's a low level punk, but may be significant enough to matter if it's ranked decently and / or is locked up for longer time periods.

Toggle around with the settings until you like what you're seeing.

As you can see it goes up the longer you lock your LAW tokens and / or your Law PUNK. This may seem cumbersome for us however, it's very useful on the prospect of increasing scarcity of LAW tokens over time and it makes sure there's less cheating as our vote rights cost something tangible. This combination is very useful to project communities.

So see it less of a burden and more of a service you're doing for all LAW holders and our community for the long term. In addition, locked tokens cannot be sold, so it'll take away the temptation of selling your valuable LAW tokens if the market dips turning you into an instant diamond hand. You never risk losing your Law Rights, as you can reallocate your votes at any time.

I took my 4000 long term HODL law tokens and quickly locked them into 4 LAW RIGHTS NFT's to give the KONRA Farm 3985 Votes on our BEAM FARM.

Here is how you can do the same to support the KONRA KINGDOM or your favorite other project:

1: Go to KUDOS page, scroll down to THE LAW DAO section

2: Fill in the relevant places on the LAW RIGHTS MINTING form

• Choose if you wish to lock up a law punk too

• Choose the amount of Law tokens you wish to lock up

• Choose your lock up term

• Toggle the options till you like it, then look everything over, then click Create Persona

3: Approve the transaction(s)s, follow the procedure. You'll likely have to approve it once or twice and then do the minting transaction.

Law Rights are sellable on Oasis, however you must exit all beam pools and undo all your votes before you can sell your Law Rights. I know having Law Rights gives you some benefits and share of profits as well, but I don't know the details of it and I think you don't get any of that until you unlock and dissolve your law rights.

Be sure to read additional documentation from Blockng team to get the details of that as they make it available....

Using LAW Rights to VOTE for the KONRA Farm:

Now that you have Law Rights you can vote for the Konra Farm by following these simple steps.

• Step 1: Still on the KUDOS page, scroll down to the CIVIL BEAM POOL section where you see all the farms listed. You'll see an option on top left to "Please select your Persona"

• Step 2: Choose your LawRights NFT that you wish to vote on the Konra - LAW farm.

• Step 3: You'll notice the screen changing revealing up and down thumbs besides all the farms.

• Step 4: Scroll down until you find the LAW Konra farm, assign the amount of your vote power you want to allocate to the Konra Farm, then click "Cast Votes." Once you followed the procedure on your wallet, then it'll take 3 minutes or so for your votes to show up on the Konra - Law farm.

• Law Rights remain with the farm until you reallocate them, but I heard that after ten days the Law Rights get reset meaning you may have to vote for the Konra farm again. It'll always tell you how much Vote Power of your Law Rights NFT was already used.

Staking Konra - LAW tokens in the Konra Farm to earn LAW tokens:

Here is the step by step process for staking your Konra Law tokens into the Konra CIVIL Beam farm.

• Step 1: Get Law Konra Liquidity tokens, go into the farm section and click on "Get LP". Follow the instructions for providing liquidity.

• Step 2: Return to the farm on the KUDOS screen.

  It'll show the deposit section where you can fill out how many LP tokens you want to stake in the farm, if you wish to stake all of them Click MAX. You can boost your rewards by designating one of your LAW RIGHT personas to the farm. (I believe this boosting ability is separate of the Voting ability, I voted with them first and then split them up between the farms I wanted my farming to be boosted on)

• I think that the gained rewards roll over rather than auto harvest if you stake or unstake LP's into or out of the farm, however, to be safe claim your rewards before you do so especially if you have a lot accumulated until we hear from the Blockng team that they definitely roll rewards over or auto harvest them. Better safe then sorry; we're talking about Law tokens here!

• You'll see your rewards pool under the "earned LAW" section once the farm gets an APR rate, when you have enough pooled, you can claim it.

So far plenty of really cool projects have set up shop on the CIVIL beam pools besides KONRA. Please note some of them are still in the initial 24 hour time period or have no VOTE Rights yet.

Among them are:

• TANGO

• CST

• LAMBO

• HOLY

• EVE

• BLUE

• CATS

• ARG

• The BOLIVAR BRIDGE TOKENS

• And many more!

I have a feeling in the near future Blockng's CIVIL Beam farms will change the way we look at farming. In the meanwhile, I'm sitting here waiting for the LAW - Konra farm to get APR'd.