5. Reward Model
Last updated
Last updated
CROWN holders can participate in staking on the ADOT platform and can earn rewards during the staking period. After the staking period has ended, the holders can unlock their staked tokens and get the marketing campaign rewards.
CROWN token holders must connect their web3 wallet to the ADOT platform in order to participate in the staking process.
Token holders may stake their tokens anytime throughout the staking period.
The staking smart contract will calculate the rewards for each token holder in relation to the number of tokens staked and the payout in the pool when token holders stake their tokens.
Token holders can unlock their staked tokens and earn marketing campaign rewards when the staking timeframe is complete.
Users must stake CROWN to secure a spot on the whitelist leaderboard ( e.g. minimum 100 $CROWN required).
Leaderboard positions are determined by a score system, which users can increase by completing specified on-chain and off-chain tasks (available through the Reward Center & Referral Program).
Each additional 100 $CROWN staked adds a 0.1x booster to the score, with the maximum staking amount capped at 500 $CROWN, providing a 1.5x booster.
The top 3,000 users on the final leaderboard will be eligible for the whitelist.
Holding CROWN within the ERC-6551 IP NFT entitles users the voting rights related to the co-creation of this series of IP NFTs.
Additionally, users will share the transaction fees generated from the distribution of the co-created works.
By holding CROWN, users gain voting rights on the issuance of the next series of IP NFTs.
The more CROWN users hold, the more votes they can cast as a single user. The IP with most votes will be released as the next IP NFT.
Additionally, users who voted for the winning IP will share in a pool of rewards consisting of CROWN and NFT whitelist spots.
The holders of the selected IP NFT collections will gain the booster for the fee distribution.
As CROWN can be used for trading on ADOT, the ADOT platform’s community development pool is earmarked to offer shared rewards for CROWN holders who deposit tokens on the platform.
The rewards they receive will depend on the number of deposited tokens and time duration. The longer the duration is, the higher reward they will receive.
For example, the special NFT airdrops for those who deposit CROWN for the predetermined longest period will act as a reward booster for the next community reward pool program.