Bad Bears is a new player in the NFT market. The project entered the metaverse market by integrating a set of unique features into its non-fungible collections. To understand better its unique feature, we spoke with Tony Marchuk, CEO of Bad Bears.
ST: What is the Bad Bears project about? What are your plans for the near future?
TM: Bad Bears is an experiment in fixed-supply NFT crypto-economics. We believe in what we’re doing, so our entire team has been fully doxxed since the beginning. Each of the 5,555 Bad Bears are at the center of the Beartopia Metaverse. Bad Bears have exclusive access to future NFT drops (only purchasable with our native token, $MSK) and can propose and submit initiatives for the DAO to vote on. Last but not least, each Bad Bear generates a passive yield in our token.
We have lots of clever collaborations coming next month. We have recently chosen NFT Worlds as our metaverse partner. We’ll hold a vote via our DAO to select the best World on the platform where we will buy virtual real estate using the funds in the Bad DAO Treasury.
ST: The number of NFT projects is already so high. What makes your product unique?
TM: We are the first NFT project to ever offer a passive yield income based on a fixed token supply, which is 1 billion $MSK in total. To facilitate a stable growth in $MSK’s price, in the long run, we will never mint more coins than the current supply. At the same time, our closed-loop ecosystem ensures the value increases and stays in the economy.
Furthermore, as we want to reward our users for holding Bad Bears, our team is working hard to kickstart $MSK’s growth. First, we want to get $MSK on a Tier 2 crypto exchange and a Tier 1 platform after. When we achieve the second goal, we will be the first-ever passive yield project to be on a top exchange.
We allow our users to mint NFTs for as little as $5, which is a super low fee considering our project is on Ethereum. Moreover, we are currently working on a gas-free way to spend $MSK within our ecosystem to minimize the costs for our customer base and ease crypto newbie onboarding
ST: How did you come up with the idea for the MSK Token? What is the use case and How will it raise the value of every Bad Bear?
TM: We wanted to create an NFT that had real value, not just something based purely on the hype for people who want to make a quick profit. Therefore, our team has developed an idea to have an NFT earn you money.
Launched on January 14th, $MSK is our native utility token that powers our closed-loop ecosystem. It is designed to fuel innovation and raise the value of every NFT we mint.
On April 25th, we will release 3,333 Bad Cub NFTs. Bad Cubs are born from Serums (we minted them approximately a week ago), consumables from our Bear Labs collection that could be used up to produce one-of-a-kind NFTs. In addition to yield multipliers, Bad Cubs offer additional perks and metaverse compatibility for holders.
As exclusive non-fungibles for Bad Bear holders, each Bad Cub will act as a 4X multiplier on one’s passive yield income. If $MSK hits $1, this means a Bad Bear NFT would earn $400 a day or $146k a year. After reaching this super important milestone, it will become an incredibly valuable NFT and a modern-day solution to investments. It’s time to say goodbye to real estate and welcome NFTs for generating a passive yield.
ST: There is a lot of discussion on the internet about whether or not Mishka Token is a scam. What’s your opinion on it?
TM: Unfortunately, the Web3 industry is riddled with scammers, rug pulls, and failed projects. As a team of RL business people and entrepreneurs, we are here to change the game and make the Web 3.0 world a safe place for Web 2.0 users to transition over to. And we would like to be a flagship for everything positive about the crypto, NFT, and metaverse spaces.
We have worked very hard to ensure that the community can trust us. We doxxed ourselves from the beginning. We regularly speak about our IRL lives on our AMAs. We are on CoinMarketCap and CoinGecko. We have a large liquidity pool as well as a solid and stable team. We listen to our communities’ worries and concerns and always work with them on a resolution. And most importantly, we work around the clock to ensure that our users’ investment is safe.
In short, there will always be people that spread FUD about any project. We believe in proving that we are the real deal by being transparent, such as showing that real people from our community are winning giveaways, including our upcoming Space competition.
ST: With such fierce competition, how do you plan on expanding your business this year?
TM: Our immediate goal is to get our marketing consistent across all channels. Organic, paid, PR, collabs, we see our marketing as a 24/7/365 approach.
We are also looking to increase our project’s utility. Currently, we are exploring more ways our community can spend $MSK within the closed-loop economy, such as buying merchandise, IRL parties, and IRL products.
At the same time, we continue to work closely with our solid and stable community. Where possible, we want to educate our investors that this is an excellent life-long HODL opportunity and not a dubious pump and dump scheme.
The metaverse is going to be our big play. We have purchased our World via NFT Worlds, and we are now very close to starting our work to populate it.