Hello HODLers!
Today we'll talk about LunarCrush, my favourite earning Dapp during this bear market, where you can earn everyday providing opinions on the crypto market! Let's analyze how the rewarding system works.
The Developing Team at Lunar Crush believe that users should be rewarded based on the quality and the quantity of contribution to the community. At LunarCrush, this is manifested through a meritocratic point system that translates into your relative capture of the daily or weekly reward pool.
However, I can’t explain the points system without first talking about User Levels and Profile Strength.
User Level & Profile Strength
Upon joining the platform, you will automatically be designated both a User Level and a Profile Strength as an alternative means of verification and credibility weighting as well as your ticket to access higher-tier products, data, and earning potential.
User Levels are determined by the amounts of Lunr earned/held, and your Profile Strength is determined by a myriad of factors, including but not limited to: Twitter/social media presence, previous transactions on your connected wallets, account durations, Lunr Hodl ratio.
Your Profile Strength and your User Level combine to determine the number of points received for certain actions, the maximum number of rewardable actions per day, and the max number of points you can earn per day.
Points System
A user earns points based on their activity throughout the day. At the end of each day, each user’s points are tallied up along with all points earned on the platform (across all users). Each user will earn a percentage of the daily rewards pool, equal to the proportion of the points they earned with respect to the total points earned by all users across the platform.
Example:
On Day 1 the Daily Reward pool is 5,000 Lunr and there are three participants who are earning points.
Bob earns 100 points. Alice earns 150 points. Carol earns 250 points.
Across the platform, 500 total points are earned (100 + 150 + 250).
At the end of Day 1, the Lunr Rewards will be as follows:
Bob earns 1,000 Lunr (100 points / 500 points = 20%. 20% of 5,000 Lunr = 1,000 Lunr)
Alice earns 1,500 Lunr (150 points / 500 points = 30%. 30% of 5,000 Lunr = 1,500 Lunr)
Carol earns 2,500 Lunr (250 points / 500 points = 50%. 50% of 5,000 Lunr = 2,500 Lunr)
I share with you my referral link so you can start earning on LunarCrush now! If this article was useful, please support me and use this link to sign up on LunarCrush: https://lnr.app/s/MxvZkq
Thanks,
Keep Calm & HODL.
MakeItReal
Posted Using LeoFinance Beta
This is new to me LunarCrush. What you will do to gain points?
Answer short questions about the crypto market sentiment.
This is the Whitepaper: https://lunarcrush.com/lunrv2.pdf
Posted Using LeoFinance Beta