LaunchJoy POINTS System Update: Engage Deeper, Earn More
As we grow and evolve, our commitment to creating a sustainable ecosystem for our users remains consistent. With this vision in mind, we are introducing an important update to our POINTs rewards structure for Chromia (CHR) stakers.
This strategic shift is designed to balance rewarding our loyal users and ensuring the long-term economic health of our platform. Here, we'll explore the essence of these changes, their impact on you, and the bright future they pave the way for.
Understanding the Change
Until now, our rewards system offered a generous 10% POINTs on the first 10,000 CHR staked and 5% on the subsequent amounts. This structure was instrumental in fostering early participation and growth within our community.
For Example:
Previous System:
- Staking 15,000 CHR would yield:
- 1,000 POINTs from the first 10,000 CHR (10%)
- Plus 250 POINTs from the next 5,000 CHR (5%)
- Total: 1,250 POINTs
New System:
1. During Quest Season:
- Maximum Staking: Up to 10,000 CHR
- Reward Rate: 10% POINTs
- Total POINTs Yield: 1,000 POINTs/day
The introduction of a 10% POINTs reward rate for up to 10,000 $CHR staked during quest campaigns is a game-changer, rewarding users who are constantly completing quests while staking CHR.
We want to get even more people to participate in these efforts by making the prizes better. This will help build a community that is more active and connected.
2. During Non-Quest Season:
- Maximum Staking: Up to 5,000 CHR
- Reward Rate: 10% POINTs
- Total POINTs Yield: 500 POINTs/day
During non-quest seasons, staking up to 5,000 CHR at a 10% reward rate ensures that users remain engaged and rewarded, even outside of quest campaigns. This structure guarantees a straightforward reward of 500 POINTs, encouraging consistent participation year-round.
What This Means for You
- Users who staked 10,000 CHR staked during quest seasons will now earn a maximum of 1,000 POINTs daily; this was planned to greatly increase the rewards for users who are constantly completing quests while staking CHR.
- Users who staked a maximum of 5,000 CHR staked during non-quest seasons will now earn a maximum of 500 POINTs daily, recognizing that engagement shouldn't dip outside of quest periods
- This adjustment ensures the long-term sustainability of our rewards ecosystem, allowing us to introduce new features, seasons, and sales with added benefits for our community.
Exclusive Opportunities for Early Adopters
We recognize the value early adopters bring to our platform. As we transition into this new phase, we'll be introducing exclusive earning opportunities tailored for our most dedicated users.
Our commitment to our active community members will be reflected in exclusive access to upcoming features, seasons, and sales, ensuring that your loyalty is recognized and rewarded.
Looking Ahead
We believe these changes are a step forward in our journey towards creating a more robust, stable, and engaging launchpad and marketplace for all. By adjusting our rewards structure, we're not only protecting the value of POINTs but also laying the groundwork for exciting new developments and opportunities for our community.
We’re doubling down on community engagement, seeking your insights to shape the future of our platform. This is your chance to influence the direction of our development, making sure it aligns with what matters most to you.
FAQs on LaunchJoy's Updated POINTs Rewards System
1. What are the key changes to the POINTs rewards system for CHR stakers?
Answer:
The main updates include a 10% POINTs reward rate for up to 10,000 CHR staked during Quest Seasons, yielding a total of 1,000 POINTs. During Non-Quest Seasons, a 10% POINTs reward rate applies up to 5,000 CHR staked, yielding 500 POINTs. This modification aims to enhance rewards for active participants while ensuring the platform's economic sustainability.
2. How does the new system compare to the previous POINTs rewards structure?
Answer:
Previously, the rewards system offered a 10% POINTs rate for the first 10,000 CHR staked and a 5% rate for any amount staked thereafter. Under the new system, the rewards are capped at 1,000 POINTs for staking up to 10,000 CHR during Quest Seasons and 500 POINTs for staking up to 5,000 CHR during Non-Quest Seasons.
3. Will I earn POINTs for staking more than the maximum amount specified for each season?
Answer:
No, the POINTs rewards are capped at 1,000 POINTs for a maximum of 10,000 CHR staked during Quest Seasons and 500 POINTs for a maximum of 5,000 CHR staked during Non-Quest Seasons. Staking amounts beyond these caps will not yield additional POINTs.
4. Are there exclusive opportunities for early adopters in the new POINTs rewards system?
Answer:
Yes, early adopters and dedicated users will have access to exclusive earning opportunities, including priority access to new features, special seasons, and sales. This recognition is part of LaunchJoy's commitment to rewarding loyalty and active community participation.
5. How can I contribute to the future development of LaunchJoy's platform?
Answer:
LaunchJoy is actively seeking community engagement and insights to shape the platform's future direction. Users are encouraged to provide feedback, participate in discussions, and engage with the community to influence the development roadmap, ensuring it aligns with user interests and preferences.
About LaunchJoy
LaunchJoy is a platform designed to become a central hub for gaming studios, developers and creators interested in Chromia’s gaming and ecosystem. LaunchJoy will launch as a mystery box NFT sales and Quests platform, and then gradually expand its services, features, and offerings to bring value to both end users and project teams.
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