BME Governance Update

Initially we deployed our Decentralized Flexible Organization (DFO) as planned, but encountered some issues with the onboard staking. After we had already sent out the airdrop of BME tokens, it became clear that the issues would not make it a viable option moving forward and we began exploring other options. After much deliberation, we have decided to go instead with an Open Enterprise style Decentralized Autonomous Organization (DAO).

The DAO contracts have officially been deployed, and you can access the DAO platform here: https://client.aragon.org/#/bmegroup/0xd91f708dcdeb929644a2921e68c3fee8fd9f2360/

Say goodbye to BME, say hello to BMEG

The new token ticker for the BME Group DAO is now BMEG; replacing the original BME ticker that was the DFO token. Last week we had opened a 7day MP3/BME LP pool strictly to distribute the the new BMEG token to those individuals who had received the original BME airdrop. The pool is closed now, and after seeing the majority of circulating BME get added to the pool and redeem their BMEG, it was definitely a success.

BMEG/ETH

There is currently a BMEG/ETH LP pool open on Value Defi that is paying out 0.09 BMEG per block — anyone who received their BMEG rewards from the initial pool may now stake their BMEG/ETH to earn rewards until block #12113990 (Estimated Target Date: Fri Mar 26 2021 01:23:31 EST). This is an awesome opportunity for everyone to earn high rewards for the next couple of weeks until the MP3/ETH & MP4/ETH UNI-V2 LP rewards pools open, both of which will pay out in BMEG. The new official pools will be accessible and built into their respective websites, and will mark the full migration of liquidity from Value Defi to Uniswap — opening up trading and allowing us to submit BMEG to be listed on CoinGecko, CoinMarketCap, and everywhere else you see MP3 or MP4 tokens listed.

BME Group is a collective of developers from around the world contributing to the decentralization of the entertainment industry & empowering those who create.