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Points System
We recognize the critical role our community and users play in building and shaping the future of our platform. The community’s continued support and participation are invaluable to us, especially as we drive further innovation with ParaX. We are committed to ensuring all contributions to ParaSpace and ParaX is counted.
With the transition from ParaSpace to ParaX, a dual-point system will emerge with both ParaSpace and ParaX points. ParaX will have a new dashboard that tracks your historical activity on ParaSpace and new activity on ParaX.
With ParaSpace, users will be rewarded for their contributions to the protocol, receiving points for the following actions and activities:
- Borrowing and Lending
- $APE Staking Actions
- Market Place Actions
Learn more about ParaSpace points:
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After ParaX goes online, your points in ParaSpace will be automatically counted into ParaX.
With ParaX, users will be rewarded for qualifying actions:
- Depositing assets
- Interacting with ParaX and other apps on the dashboard
- Referring new users
- And additional opportunities down the line!
Users who have previously earned points on ParaSpace but are not currently utilizing the platform can still claim their points. Any unclaimed points by December 31, 2023 will be forfeited.
As ParaSpace transitions to ParaX, the accrual of points on ParaSpace’s Ethereum network will cease as of August 31, 2023 UTC time. However, qualifying activities will resume on the ParaX platform, which is also where points will be tracked.
Points for ParaX will be calculated starting from September 6, 2023 UTC time.
Points associated with ParaSpace on Polygon, Arbitrum, zkSync, and Moonbeam will remain unaffected and accumulate as before. Points will be calculated and refreshed every day, ensuring your point total is current and accurate.
The calculations for points encompass a number of factors spanning quantity, duration, activity, and more. However, there is a direct correlation with the greater the volume, the more substantial the rewards.
- Extra Points: NFT holders earn extra migration points. The number of bonus points depends on the position you have at the time of the NFT snapshot. (The larger the position in migration, the more extra points you will receive).
- Future Airdrops: NFT holders receive a separate share in the future airdrop. We'll designate a percentage from the overall airdrop share exclusively for NFT holders as a gesture to acknowledge your continued trust.
- Referrals: Get an exclusive referral link, share your referral link, and earn extra rewards
- More surprises
- Extra Points: NFT holders earn extra points. The number of bonus points depends on the position you have at the time of the NFT snapshot. (The larger the position, the more extra points you will receive). The snapshot was taken at 08:00 UTC on March 25, 2023.
- Airdrop Share: NFT holders receive a separate share in the future airdrop. We'll designate a percentage from the overall airdrop share exclusively for NFT holders as a gesture to acknowledge your continued trust.
- More surprises
Last modified 20d ago