Bear Network Chain is a decentralized and distributed blockchain that aims to revolve around the project's quality, enterprise, localization, industry, environment, education, organization, public welfare, and sustainable development. The network operates on a consensus mechanism called Proof of Authority (POA) to provide scalability and stable costs. BRNKC is a utility token used for the following purposes: Paying fees for processing transactions and transaction operations. Running validator nodes on the network by staking BRNKC tokens. Used for governance voting to decide how to allocate network resources.Rewards and incentives for ecological development and actual energy. Preliminary plans include: Building BrnkcSwapDEX, which features AMM, Swap, NFT, DAO functionalities.Promoting to the education level through communities, organizations, enterprises, and government units, achieving seamless integration of production, government, and academia. Mid to long-term plans include: Enhancing the overall development of the community, moderately adjusting supply and demand, and increasing more application scenarios.Expanding practical applications in different industries with the integration of Web3 applications.Establishing a comprehensive and rich Web3 blockchain practical education program.Improving the community, investing in public welfare, climate protection, and green energy (photovoltaic). Bear Network Chain launched its mainnet on May 22, 2022, creating 1 billion BRNKC tokens. Each year, 5% of the tokens will be gradually released into the market to support the network, as well as for periodical rewards and sustainable development.
