# How It Works

## Step 1: Get as many $BULL20 as you can

The key to any involvement is our utility token, <mark style="color:green;">$BULL20</mark>. Get them now for a nice rebate through our presale or buy them later on major decentralized exchanges (DEX).

#### Why buy early and participate in the presale?

Buying during the presale has huge benefits; each of the 12 stages comes with a nice discount (find more details [here](https://bull20.gitbook.io/bullpaper/start/join-our-presale/goals-and-stages#stage-details)), for example the initial stage #1 grants a 50% discount to the listing price!

Also, $BULL20 might be in such huge demand for their staking rewards that you don't even have a change to get them for their initial DEX listing price as the price could very well skyrocket.

## Step 2: Stake your $BULL20 and earn $BULLSHARE

As soon as our presale is over and we start our operations you can deposit your <mark style="color:green;">$BULL20</mark> into our staking contract. Your incentive?&#x20;

You get a share of freshly minted <mark style="color:green;">$BULLSHARE</mark> every day! :white\_check\_mark:

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Each <mark style="color:green;">$BULLSHARE</mark> token represents a fixed ownership in our crypto portfolio, the BULLFOLIO. Therefore it is always worth a certain percentage of the current BULLFOLIO total value.
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## Step 3: Enjoy the benefits

Holding our tokens has many benefits. Here is what you can do:

#### :arrow\_right: Get Involved in the Community&#x20;

Join our discord, verify yourself as a token holder and start to get involved. You could suggest new projects for investing, discuss market opportunities or just enjoy the discussions.

#### :arrow\_right: Define Investments and Key Project Decisions&#x20;

Enter the BULL'S DAO, make proposals or vote for existing proposals. Shape the way we navigate this bull market!

#### :arrow\_right: Watch Your Value Grow

Now you are not only holding $BULL20 with their intrinsic value, voting power and earning rights, you also enjoy holding $BULLSHARE. As those represent a fixed fraction of the total BULLFOLIO value you will view our trading reports with great attention - it is YOUR value we are creating!

#### :arrow\_right: Take Profits at Defined  Dates  or ANYTIME

We have defined three points in time where we will sell a predefined amount of the BULLFOLIO and distribute everything between the $BULLSHARE holders. The proposed plan is to sell 25% about 18 month into the bull market, 25% after 24 months and the remaining 50% after 30 months.

Both the percentages and the dates will be up for voting in the BULLDAO.  &#x20;

But, if you feel like the bull market might be coming to an end or you just need some liquidity, you can always exchange your share of the BULLFOLIO (represented by your $BULLSHARE tokens) into liquidity - we gladly swap you $BULLSHARE for ETH at any time. Here, a fee applies which will be added to the BULLFOLIO.

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Every $BULLSHARE we exchange for ETH will be burnt (this means "destroyed") and therefore decreases the available total supply!
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