Blockchain

BEVM Visionary Builders (BVB) Program Launches a 60 Million Ecosystem Incentives Program

HongKong, China, June 7th, 2024, Chainwire

BEVM has announced a new incentive program, the BEVM Visionary Builders (BVB), following its recent partnership with Binance wallet for an airdrop event.

Introduction to BEVM Visionary Builders

Launched by BEVM, the “Visionary Builders” ecosystem incentive program aims to promote the development of 17 tracks, including DEXs, lending, stablecoins, and more. Through community participation and multi-dimensional evaluation, the program will provide rewards totaling $60 million to outstanding projects and users.

The program also introduces an on-chain community voting mechanism. Participating project teams can demonstrate their active user base through on-chain voting, which is a crucial dimension for project evaluation. Users participating in on-chain voting will not only receive airdrops of ORDINALS•RUNE but also BEVM tokens.

Currently, the Visionary Builders program is open for applications. Interested project teams can fill out the form in the Ecosystem section of the BEVM website or directly apply through this link: BEVM Visionary Builders Application Form 

The application process for the Visionary Builders program is as follows:

  1.  Project teams fill out the application form.
  2.  Upon passing the review, projects are listed on the “BVB” section of the BEVM website, and teams can invite community members to vote.
  3. After the first month, BEVM distributes ORDINALS•RUNE assets and $60 million worth of tokens based on the community ECO score ranking.
  4. From the second month, BEVM will announce the first batch of BVB winners, with voting scores continuing to accumulate.

Reward Distribution

BEVM will provide $60 million worth of assets to reward ecosystem projects and voting users participating in the BVB program. The actual value of the rewards will “rise with the tide” as BEVM develops. The distribution is planned as follows:

  • 30% for airdrops to on-chain voters
  • 70% to incentivize outstanding ecosystem projects and their users

Overall, the airdrop rewards will be distributed based on the proportion of ECO scores that on-chain voting users hold. In other words, the higher a user’s voting score, the more token rewards they will receive. ECO scores can be earned through the following three methods:

1. Genesis Box

The Genesis Box (GBX) is an early-stage BEVM ecosystem asset used to reward users who supported the project during the mainnet launch. Holders can open the Genesis Box to randomly earn between 500 and 1,500 ECO scores based on their on-chain activity, but the Genesis Box will be consumed upon opening.

 2. Inviting Users

Users who enter the voting page using an invitation code (the invitee) will receive a 5% score boost. For every vote the invitee casts, the inviter will earn 5% of the score.

 3. Voting

After earning scores, users can vote for their favorite protocols on the voting page. Each vote earns 100 scores, and there will be a corresponding leaderboard.

Each month, BEVM will regularly announce the ecosystem projects that have earned the “Visionary Builders” title and execute the corresponding incentive plan. This transparent and fair reward mechanism ensures that every participant’s efforts are rewarded accordingly.

BEVM Visionary Builders: The Engine of the Bitcoin Ecosystem

The BVB program is not only an activity to vitalize the ecosystem but also a strategic move by BEVM to promote the prosperity and development of its ecosystem. This program carries profound significance, as it not only brings new opportunities for BEVM but also provides valuable insights for the entire cryptocurrency industry.

In the cryptocurrency industry, technological innovation, market potential, and community engagement are crucial factors in determining a project’s success. By utilizing multi-dimensional evaluation and on-chain community voting, BEVM can not only discover and support projects with the greatest potential but also mobilize community participation. Through market potential assessment, BEVM can identify projects that truly have the potential to reshape the industry landscape and drive the prosperity of the entire ecosystem.

According to current estimates, BEVM is investing $60 million worth of assets into this program, which is a massive reward rarely seen in the industry. By introducing on-chain voting and multi-dimensional evaluation mechanisms, BEVM ensures that every project and user receives rewards commensurate with their contributions.

Incorporating a community voting mechanism makes BEVM’s governance more decentralized and democratic. In the cryptocurrency industry, decentralized governance is key to enhancing project transparency and credibility. Community users directly participate in project selection through voting, not only increasing their sense of involvement but also ensuring fairness and transparency.

In the BVB program, BEVM will provide comprehensive technical support to the selected projects, helping them solve technical challenges and enhance their technical capabilities. Additionally, BEVM will leverage various marketing strategies to increase the visibility and influence of the selected projects. Furthermore, BEVM will collaborate with investment institutions like Bitmain, Waterdrip Capital, Satoshi Labs, and exchanges to establish an acceleration fund focused on the BEVM ecosystem, investing in outstanding projects within the ecosystem.

About The Visionary Builders Program

The launch of the BEVM Visionary Builders program demonstrates BEVM’s determination to build a thriving ecosystem. As the program progresses, BEVM is poised to attract more outstanding projects and users to join its ecosystem, further promoting its prosperity and injecting new vitality into the expansion and application of the Bitcoin Layer 2 network.

Contact

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BEVM
[email protected]

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Luminar Media Group/ Fortun Reports 3rd Quarter Results, Surpassing Forecasts and Demonstrating Impressive Growth

2024-10-03T13:00:00Z

MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTCMARKETS: LRGR), a small business revenue-based finance company with a focus on Hispanic and minority-owned businesses, has released its financial results for the 3rd Quarter of 2024. The report highlights substantial growth across key financial and operational metrics, further solidifying Fortun's expanding presence in providing essential capital to underserved markets.

Key Financial Highlights for Q3 2024:

  • Funding Volume:
    • Q3: $1,138,000
    • Forecasted: $1,108,700
    • Result: Surpassed Forecast
  • Receivables:
    • End of Q3: $1,428,281.47
    • Collected Receivables Q3: $352,729.33
    • Forecasted: $1,650,963  
    • Result: Surpassed Forecast
  • Revenue:
    • Q3: $307,211.00
    • Forecasted: $298,540 (Commission and Fee Income)
    • Result: Surpassed Forecast
  • Assets:
    • Total Assets End of Q3: $1,926,507
    • Cash on Hand: $498,226.39

Funding Metrics:
                 o   July: $258,700
                 o   August: $389,700 (51% MoM Growth)
                 o   September: $489,600 (25% MoM Growth)
                 o   Number of Deals Funded in Q3: 169
                 o   Average Deal Size: $6,733
                 o   Total States Funded Since Inception: 17 (76% of total funding-Florida)
                 o   Industries Served: 35
                 o   Top 3 Industries: Trucking/Transport: 23.34%-Construction:18.14% -Auto Sales/Repair: 13.2%

Strategic Outlook

Fortun remains focused on creating long-term value as it expands its funding operations with a particular emphasis on Hispanic-owned and underserved small businesses. With strong financial results and an expanding operational footprint, the company is well positioned to capitalize on continued growth opportunities as it heads into the final quarter of 2024.

“Our 3rd Quarter results highlight the continued success of our core funding strategies and our commitment to delivering results for our shareholders,” said Yoel Damas, Chairman and President. “We believe these numbers would have been even stronger if not for Hurricane Helene, which impacted Florida—our largest funding market—in the last week of September, affecting our deal flow as the state dealt with the storm’s devastating effects. Despite these challenges, we are proud to announce that we met all our goals for the quarter and remain committed to supporting Floridians as they rebuild. Our thoughts and prayers are with all those affected by this horrific storm. We look forward to a strong finish to the year and continued growth as we move into the fourth quarter.”

About Luminar Media Group, Inc.

Luminar Media Group, Inc., headquartered in Miami, Florida, is a pioneering fintech company providing tailored financial solutions to underserved communities, particularly Latino and minority-owned enterprises. Through its subsidiaries, FortunCo and Fortun Advance, the company empowers small businesses by offering the funding they need to thrive.

Forward-Looking Statements

This release contains forward-looking statements that reflect Luminar Media Group's current strategies and expectations for future performance. Actual results may differ materially due to various risks and uncertainties. Investors should review the company’s filings with the SEC for further information.

The financial data presented herein is subject to review by our independent accountants and may be adjusted prior to final reporting. Please note that the information provided is preliminary and should not be considered final until it has undergone the complete review process.

For more information, please contact:
Robert Rico
Investor Relations
Phone: 305-283-9237
Email: [email protected]
Follow us on X: @FortunCorp


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