Rewards
Vingt.io has developed an innovative rewards system to actively engage users and incentivize their contributions to the platform’s ecosystem. Through the use of Vingt Reward Points (VRPs), users are rewarded for activities such as exchanges, promotions, and participation in the development of Vingt.io. This system aims to foster community involvement while ensuring the platform’s sustainable growth.
Vingt Reward Points (VRPs)
A total of 2% of the VGT token supply is allocated to the Vingt Rewards program, distributed in the form of VRPs. Users can earn VRPs through various activities, including promoting the project, engaging with the ecosystem, and contributing to its ongoing development. These VRPs can later be exchanged for VGT tokens after the TGE, subject to the vesting schedule.
VRP to VGT Conversion
Each VRP can be converted into 1 VGT token, but the conversion will adhere to a vesting schedule, ensuring the gradual release of tokens to prevent any disruptive impacts on the market. The vesting schedule serves to stabilize the token economy and ensure that the release of rewards is controlled and sustainable.
Personalized User Dashboard
Users can track their earned VRPs via a personalized dashboard on the Vingt.io platform. By connecting their Web3 wallets, such as MetaMask, users can view their VRP balance in real-time. This interface provides a seamless experience for monitoring rewards and prepares users for the eventual conversion of VRPs into VGT tokens post-TGE.
Earning VRPs through Community Engagement
VRPs can be earned through a variety of activities that contribute to the growth and success of the Vingt.io ecosystem. These include:
Actively engaging with the Vingt.io community, including discussions, content creation, and supporting ecosystem initiatives.
Contributing to the development and improvement of the platform, including participating in feedback programs and beta testing.
Staking and holding Index and Leverage tokens for a specified period, thereby increasing liquidity and supporting token stability.
The more involved users are within the Vingt.io ecosystem, the greater their VRP rewards will be. This engagement strengthens their connection to the platform, creating a mutually beneficial relationship that encourages the continued growth of the Vingt.io ecosystem.
Security and Responsibility
Users are responsible for ensuring the security of their Web3 wallets, as VGT tokens will only be allocated to the wallets through which VRPs were earned. It is crucial that users securely store their wallet seed phrases to safeguard their rewards. Upon conversion, users will be able to access their VGT tokens simply by connecting their wallet to the platform.
Future Reward Announcements
While the VRP program is set for the period leading up to TGE, new rewards may be announced post-launch. Users will be notified accordingly, ensuring they remain informed about any additional incentives offered by Vingt.io.
This reward system is designed to support the growth of Vingt.io while providing tangible benefits to users who actively contribute to the platform's success. By incentivizing engagement and liquidity, the Vingt.io ecosystem will continue to thrive in a sustainable and deflationary manner.
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