The Beneficiary is the recipient of staking rewards as per the pool’s distribution configuration. Becoming a Beneficiary requires conviction, sincerity, honesty, integrity, perseverance, agreement to the Beneficiary’s Terms of Service, AND… staking the appropriate amount of BENY. Beneficiaries must complete a pool application. These applications are reviewed by Pool Managers, who then propose pool terms. The Beneficiary then selects the terms that best meet their needs, and the pool is created.

Any user can become a Beneficiary by staking the appropriate amount of BENY tokens.

Participants create projects that they want to fund. A project can be anything from a blockchain development project to a personal appeal for financial help. Once the project is created and the required information is supplied, a pool created application and submitted to all Pool Manager. If all goes well, Beneficiary will receive multiple offers from Pool Managers to create their pool. A Beneficiary then picks the pool terms that are most attractive and accepts the Pool Manager offer by funding the pool with their project token.

Beneficiaries can also create token within the system to represent a component of their project or simply as a token of appreciation to your supporting participants