09.18.23 — Announcement Regarding BUSD Situation

Nemesis Network
2 min readSep 17, 2023

Hello Everyone

We have been closely monitoring recent developments surrounding the discontinuation of BUSD. Given that some of our network features use BUSD, we have initiated the migration of these features to other token types.

• The BUSD Bond has now been replaced by the USDC Bond, with its status now set to “Claim Only”. We urge you to redeem any outstanding earnings by the 1st of October. After this date, the BUSD Bond will be phased out.

• A new Loyalty Reward Pool, which will distribute wBNB rewards, is set to go live on the 16th of September 2023, starting with a balance of 30 wBNB. The new pool will allocate 1.5% of its total wBNB holdings every 24 hours (down from daily 2%). Additionally, the preceding Loyalty Reward Pool (BUSD) will persist in receiving refills until January 1st, 2024.

From October 1st, 2023, Loyalty Reward Pool Refill amounts will be as follows:

NEMESIS — 1% of its RFV Holdings

HELENA — 5% of its RFV Holdings (down from 10%).

HEL.LMS — 5% of its RFV Holdings (down from 10%).

FEATURES: Blessings + Auctions + Rush accruals.

Regarding the distribution from the total accumulations:

• 1/3 will be allocated to the expired reward pool (BUSD).

• 2/3 will be funneled into the new reward pool (wBNB).

Moreover, NMSP reward pool refills will now be conducted twice a month, approximately every 15 days, which was previously once per month.

NMSP still remains paired with BUSD while we are assessing our possible and available options. Migration details will be announced in due time. We appreciate your patience and encourage you to stay updated. Thank you.

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Nemesis Network

Nemesis Network includes Nemesis PRO and Helena Financial, created by the Nemesis Team. Together, they support each other's success & represent a unified front.