Rewards
We have allocated a pool of 5000 LIT (https://coinmarketcap.com/currencies/litentry/) to distribute to the community for testing our product. In order to qualify for any of the rewards all users must first:
  • pass the Captcha verification, and
  • complete Polkadot Wallet Connection
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Social Tasks and Verification (duration: 2 weeks)
Total pool available of 1000 LIT
  • 17 points available in social tasks
  • 5 points each for the two verification requirements listed above
  • Pool will be split after launch, between the top 200 users in total points (with no lock period)
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Polkadot Wallet Connection (duration: 4 weeks | with no lock period)
Total pool available of 1000 LIT
  • $5 worth of tokens will be given for connecting your wallet
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Crowdloan Verification (duration: until supply ends | Lock Period of 1 Month, with linear vesting)
Total pool available of 2000 LIT
  • $15 worth of tokens will be given for verifying your contribution
  • Your inviter will receive $5
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Referral Program (duration: 2 weeks | Lock Period of 1 Month, with linear vesting)
Total pool available of 1000 LIT
  • For each user who invites a valid user into Drop3 discord server, they and their invitee will each receives $2 worth token.
  • At least 5 invitees must join the Discord server to unlock this reward. After that, the inviter will be rewarded directly for each additional valid user who joins.
For an invited user to be considered as valid they must:
  • have been a Discord member for at least 48 hours
  • pass the Captcha verification and connect their wallets
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Distribution
All distribution will take place from the moment the parachain team enables Token Transfer. We expect to enable this before the end of Q1 2022.
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