🎰What are Points?
In the context of our platform, Points are a form of incentive given to users who make deposits into StableHodl. Here's a detailed breakdown of how Points work:
Earning Points: When users stake their assets in the protocol, they are awarded Points as a reward for their contribution. This system is designed to encourage and reward user participation and investment.
Calculation of Points: The number of Points a user receives is not arbitrary; it is calculated based on two key factors:
Amount of Stake: The more funds a user deposits or stakes, the more Points they earn. This is to acknowledge the level of trust and investment a user is committing to the protocol.
Duration of Stake: The length of time for which the assets are staked also influences the number of Points awarded. Longer staking periods demonstrate a user’s commitment to the platform, and thus, earn them a greater number of Points.
Benefits of Accumulating Points: Accumulating Points can qualify stakers for various future incentives. These incentives might include:
Potential Airdrops: Points might be used as one of the criteria to determine eligibility for free distributions of new tokens or other assets.
Allocation in New Projects: Projects in HeLa ecosystem may consider the number of Points held by users as a crucial factor in determining rewards in the framework of Stable x Project partnership program. This means that users with more Points might receive preferential access to new opportunities.
Overall, Points act as a critical component of our reward system, aligning the interests of the users with the growth and success of the platform. They serve not only as a reward mechanism but also as a potential gateway to more benefits and exclusive offers within HeLa ecosystem.
Quick Summary
| Chapter | Details |
|---|---|
Purpose | Incentive for users to deposit/stake assets in StableHodl |
Earning Points | Users receive Points as a reward for staking assets in the protocol |
Calculation of Points | Based on Amount of Stake and Duration of Stake |
Amount of Stake | More funds staked = more Points earned |
Duration of Stake | Longer staking periods = more Points awarded |
Benefits of Accumulating Points | Qualify for potential airdrops and allocation in new projects within HeLa ecosystem |
Potential Airdrops | Points may determine eligibility for free distributions of new tokens or assets |
Allocation in New Projects | Number of Points may influence rewards in Stable x Project partnership program |
Overall Function | Critical component of reward system, aligning user interests with platform growth and success |
Acts as a potential gateway to more benefits and exclusive offers within HeLa ecosystem |
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