efinity crowdloan rewards

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Does anyone know when it will be distributed? December 11, 2021 by George Tsagkarakis. Mike of Discover Crypto returns with details on the Efinity crowdloan hosted in the December 2021 Polkadot parachain auctions. The crowdloan is an on-chain way of helping parachain teams raise the token bond required to participate in a parachain slot auction. On the other hand, the negative part is that every invested $ DOT is locked for two years with n o bonus rewards. If you contributed to the crowdloan using the official Polkadot.js.org wallet, you'll be able to log in anytime here and claim your EFI. 10 Mar 2022. The best part of this model is that users don't have to spend their crypto to earn token rewards - instead, the crypto is loaned out for a set time period, and then automatically returned to the user. 1 month after successfully securing a Polkadot parachain slot, Astar network's native token (ASTR) will be distributed to the crowdloan participants' addresses. The ratio is based on the total DOT contributions, your contribution, and the amount of the rewards. Combine. #NFT PreSale Alarm ⏰ Only 1️⃣ day left, approaching the final 24 hours! Understanding Crowdloans. Winning the parachain auction is the only way to get a slot on the Kusama network. By contributing to the crowdloan, we're giving away 250 exclusive NFTs to the top contributors as Efinity rewards. 2021-11-09 Market Update (ACALA, ASTAR, EFINITY, DOT/ETH/BTC) Deividas Klypšas. This mechanism ensures that tokens contributed to a crowdloan are used only for their intended purpose, namely, winning a parachain slot. Moonbeam,ACL with my Dots. It's not quite the true ENJ staking that'll help run the . 1. The most popular projects give less rewards like moonbeam,acla, but Clover,astar , EFi give more rewards but less chances of winning auctions. Equilibrium will grant them 15,000 EQ each; 10 users from the rest of the participants. Market Update for 2021-11-09 - BTC and ETH signaling overbought signals, but a lot more room to run is expected. Also, starting in March 2022, Efinity will distribute rewards linearly during the 96-week parachain period directly to wallets. They will get 5,000 EQ each. NFT REWARDS Batch 2 of the crowdloan process is on! Efinity is aiming to be a Polkadot parachain as soon as possible, and Parallel is supporting us by offering some extr. Efinity #Parachain Crowdloan announcement incoming! Efinity is aiming to be a Polkadot parachain as soon as possible, and Parallel is supporting us by offering some extr. It will also be followed by crowdloan rewards. An Efinity bid for the parachain slot also harkens the dawn of staking, and answers the age old question of "wen." Enjin mentioned in a press release on November 4 that the crowdloan will allow, " Individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards." It's not quite the true ENJ staking that'll help run the . 3. We are sponsoring this project's crowdloan in order to provide more value to the Polkadot community. There will be no more tiered reward structure. Efinity on the race for a Polkadot Para-Chain, Vulcan Forged to release SDK for the Metaverse, Gemini raised $400 million for a Decentralized Metaverse and more The Crowdloan Period starts before the project participates in the auction and ends when the projects win the auction or the crowdloan period ends. Help Efinity To Secure The #5 Parachain Slot. All in all there will be 20 winners: 10 lucky winners from the list of top 100 users who invest the largest amounts. การประเมินผลรางวัล Efinity Crowdloan เหรียญดั้งเดิมของ Efinity คือ EFI มีอุปทานรวม 2 พันล้านเหรียญ ซึ่ง 10% ถูกจัดสรรสำหรับ crowdloan ของ polkadot parachain The participants who join the crowdloan through exchanges will be able to see their balance once we enable token transfers. Notably, individuals interested in supporting Efinity's bid for the parachain can do so by participating in the crowdloan campaign via Binance. Potential profits locked by the protocol. A portion of the reward is given out right away as transferable balance while the rest is vested over a period of time. Leading ecosystem for NFTs Enjin has announced that more than 70 of its ecosystem partners have committed to developing the decentralized, transparent Metaverse on Efinity. Some parachain teams will fund their auction bid with the help of a crowdloan campaign, which allows them to accept contributions from DOT holders. The rewards aren't sent out right away, so if the parachain you contributed to just won the auction, it's probably normal that you haven't received any rewards yet. Join the Weekly Newsletter Join our Discord Follow us on Twitter Like us on Facebook Follow us . 30% of your reward will be distributed immediately upon successful launch. That is about 26 EFI per DOT. Learn more about Efinity >> Here. Liked. Crowdloan Rewards Just to recap, 200 million Efinity (EFI) tokens will be spread across the almost 7.7 million DOT contributed in the crowdloan. [EFI Question] If we participated in the Efinity crowdloan thru Parallel.fi, how will we get our tokens? Limited Edition NFTs for Efinity Crowdloan Supporters. sUSD là đồng stablecoin được sử dụng để giao dịch các tài sản trên Synthetix cũng như tham gia staking với mức lãi suất hấp dẫn. Under "Lockup Reward", you can see how many days your DOT will be locked for if the chosen project wins the auction. The biggest difference between the two networks lies in the token allocations. To that effect, the team has set aside 10% of the total EFI supply for crowdloan rewards. This is a short update about my post about my strategy for Polkadot Parachain Auctions. The positive side of investing in Efinity is that it has an experienced team s upported by Enjin, and anyone can buy $ BDOT tokens in Binance to participate in the crowdloan. Where we stand:⁠ 4,610 packs sold⁠ $1,507,233 raised Top10 on. If the project wins the auction, the user receives on-chain rewards and the staked DOT will be returned after the lease period. . Once again, thank you for helping Moonriver onboard to Kusama! In recent news, Efinity's team announced a 200M EFI fund (worth $450 million at the time of writing) to fuel the Efinity parachain. The positive side of investing in Efinity is that it has an experienced team s upported by Enjin, and anyone can buy $ BDOT tokens in Binance to participate in the crowdloan. Users who contributed to the Efinity crowdloan through Binance in Batch 1 and who re-contribute their DOT to Efinity in Batch 2 will receive the following bonus rewards: - Additional EFI bonus equal to 5% of the EFI Reward - 25% additional PARA bonus. Enjin will soon allow individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards. Enjin is slated to enable individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards. What happens if Efinity does not get an auction slot? The rewards are now approximately 7.5 - 9.75 EFI per DOT contributed per year. Its Efinity project, which is built in Polkadot allows people to mint and sell NFTs. 03:20 Efinity's $100M Metaverse Fund 06:10 How Efinity Will Onboard the Masses (Reduce Barriers to Entry) 08:15 How to Participate in the Parachain Auction (Efinity Token & NFT Rewards) 11:34 Pluto Alliance NFT Rewards 12:07 Final Thoughts ***** Polkadot Chain Auction reviews for Efinity, Acala and Astar - recommending taking a deeper look into the middle one for best returns. . That's roughly 26 EFI per DOT. I asked the Par team, & they wrote the following back to me: >Hello Efinity will be distributing the rewards. Teams can reward their contributors however they see fit, and can structure their crowdloan in . 1 reply 0 retweets 1 like. Join the movement to . . With 220,307 DOT ( ~$6,104,714) ahead of the sixth contestant, the Enjin . Batch 2 of the crowdloan process is on! 1. Contribute Now » Unfortunately, the service is not available to US citizens. Retweeted. The top 250 Crowdloan contributors will each receive one special NFT, and 250 more will be randomly distributed to lucky winners. When I go to parallel finance website and connect my wallet, it shows all those rewards to be distributed. For Polkadot (DOT) contributions, we have allocated a fixed pool of 10% of the total EFI supply (200 million EFI tokens), with a cap of 50 million DOT. I kept my strategy and contributed to it with ~50% of my DOT Crowdloan's Funds. These rewards are then amplified through DeFi investment options. • 00:30 - Enjin… Equilibrium has teamed up with one of the top crowdloan projects on Polkadot's auction, offering doubled rewards for community backers who lock their DOTs for Efinity via xDOT. The first version of the Efinity parachain is focused on core functionality and chain stability, allowing creators to mint up to 2,200 tokens to separate wallets per transaction. Imagine an NFT that was minted on Moonriver earning extra rewards on Karura. Crowdloan contributors get their DOT back at the end of the lease, and parachain teams can choose to reward them in various ways, including with a distribution of the parachain's native token. Claiming parallel finance crowdloan rewards. Efinity is built to solve these problems. In this Crypto video, I explain the use case of Enjin and their innovative NFT technology for tokenization of in-game items, which could revolutionize gaming industry. Efinity Continues to Grow… Once stable and reliable, Efinity will then allow Crowdloan members to begin receiving their EFI rewards, all leading up to the eventual development of an eternal Efinity metaverse. The team has allocated up to 10% of the total EFI supply to crowdloan rewards, and early contributors will also receive an exclusive NFT bonus. ASTR Token Distribution. - 70% will vest over the duration of the lease (96 weeks) 2 years, on a per block basis. Efinity is now live on . Hi all, I participated in crowdloans for Efinity, clover and centrifuge through parallel finance. Contribute Now. The Efinity blockchain is a parachain that uses Polkadot Relay Chain validators for its consensus, which allows Efinity to have an independent economic framework, data, and state. Acala is one of the primary projects on the Polkadot ecosystem offering. All in all there will be 20 winners: 10 lucky winners from the list of top 100 users who invest the largest amounts. PreSale ends today at midnight (PST). Reply. binance parachain auction. Supporters of Efinity can participate in the crowdloan immediately via Binance. Hello, friends! Next-generation Blockchain for NFTs. An Efinity bid for the parachain slot also harkens the dawn of staking, and answers the age old question of "wen.". Gaming and DeFi are just the beginning because in theory, the XCM technology will kickstart network effects throughout Dotsama and is being built to expand these effects to other chains. They will get 5,000 EQ each. Efinity is backed by Enjin, wh. 1) Efinity Crowdloan is Live Efinity has announced native crowdloan support through its polkadot.js wallet. In addition to receiving the Crowdloan rewards in the form of EFI tokens, Efinity Crowdloan contributors also have the opportunity to win limited-edition collectibles from BitBoy's Pluto Alliance.. What are the rewards for contributing to the Efinity Crowdloan? The EFI fund is meant to reward Efinity crowdloan participants, allowing users to earn EFI for loaning their DOT. That is 200,000,000 tokens. The Efinity Crowdloan is live! Use this calculator to estimate how many GLMR tokens you would receive if the crowdloan theoretically closed right now. Equilibrium will grant them 15,000 EQ each; 10 users from the rest of the participants. There are only five days left until the Parachain auction for slot five ends, and Efinity has managed to climb in fifth place, becoming the leading contestant to secure the parachain. This will be released linearly over the 96-week parachain period, starting from when we onboard as a parachain in March 2022. I also talk about Efinity blockchain, which will enable transferring NFTs from other blockchains to Polkadot and I evaluate their crowdloan conditions and EFI rewards. By participating on . Efinity tokens (EFI) will be vested linearly over the 2-year period. Polkadot announces the second batch of 5 Parachain auctions However, this is not the first time Biannce extends its support to Polkadot. - An exclusive matrix-inspired "Decentralized" NFT will be rewarded . Enjin mentioned in a press release on November 4 that the crowdloan will allow, "Individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards.". If you are impressed by Efinity & Enjin vision after reading this article, and also are a DOT holder, you can support Efinity by joining their crowdloan on Polkadot through this site. There is not a tiered reward structure. Join the movement to . The EFI will be distributed to supporters according to the reward table. Users can stake DOT to support projects. Supporters of Efinity can participate in the crowdloan immediately via Binance. We're developing a new token standard called the Paratoken Standard, which will support NFTs from any network and will be compatible with the entire . Also, it helps developers to build their NFTs on flexible smart contracts. December 30, 2021 by John Flores. Acala vs moonbeam. Auctions. What are the benefits of participating in a Crowdloan campaign? This is James Agenda here. Efinity's collator nodes are responsible for transactions on the Efinity parachain, and the network pays out EFI to participants. Consequences of Winning Polkadot's Sixth Auction of Efinity. [EFI Question] If we participated in the Efinity crowdloan thru Parallel.fi, how will we get our tokens? decentralized finance and yield-earning liquidity all within a layer-1 smart . As Efinity makes NFTs accessible for all, the overall NFT adoption is likely to go up. More information is available via the Efinity Crowdloan page . 00:52 What is Efinity (EFI)? Equilibrium is proud to get behind Efinity, Enjin's NFT parachain, in the Polkadot parachain auctions. Moonbeam rewards are paid as a % of your contribution to the pool. So Сrowdloan allows people to contribute by agreeing to lock up their own DOT (KSM) until the end of the lease. bringing NFTs to Polkadot. Crowdloan allows a team to crowdsource DOT (for Polkadot slots) or KSM (for Kusama slots) to use to bootstrap its parachain auction. AVAX price is Equilibrium's Polkadot crowdloan is all the rage! Want more? For users and collectors, Efinity is offering an interoperable platform with negligible gas fees. Join the movement to decentralize the Metaverse and bring NFTs to Polkadot. In other words, 200 million EFI tokens will be distributed among the over 7.7 million DOT contributed in the crowdloan. Source: Efinity Efinity Crowdloan Rewards Evaluation The parachain project itself does not receive or have any control of these . My first 3 bets were respectively the first 3 winners: Acala As I said, Acala was my biggest bet and it won the First Auction. Reward Bullet Points: The token reward pool is 200,000,000 EFI tokens—10% of total supply. Efinity is vying for a slot in the upcoming Polkadot parachain auctions. In our example, this will be Efinity. Yep, you've speculated, unbonded your DOT, and yolo'd in balls deep. Addressing gas fees and congestion head-on, Efinity provides world-class scalability, currently testing at 20 million NFT mints/transfers per second. Learn more about their crowdloan strategy here; . Moonbeam It was my second biggest bet, winning . Efinity is a cross-chain superhighway. In addition to its roadmap of technical integrations based on the new partnership, Amasa will promote and raise awareness of projects being built with Enjin and on Efinity. How To Check Your ACALA Rewards: Polkadot Crowdloan. (Your DOT Contribution/Total DOT Contributions) * 150 Million GLMR. The campaign lets users stake their DOT holdings to earn rewards over the entire course of the parachain lease, 96 weeks. As you contribute, . Supporters can claim from a pool of 200 million $EFI, which is 10% of the Total Supply. Show replies; GalacticEye . Jan 15. Contribute via Via Parallel Early Bird Bonus (Parallel Re-Contributors) Meanwhile, BitBoy's Pluto Alliance will issue limited-edition collectibles for Efinity Crowdloan supporters - a campaign to crowdfund Enjin's efforts to make Efinity a Polkadot parachain. It is calculated according to the. Equilibrium has teamed up with one of the top crowdloan projects on Polkadot's auction, offering doubled rewards for community backers who lock their DOTs for Efinity via xDOT. Features. Bonuses: - 10% extra rewards if you contribute in the first two weeks. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. Crowdloan Rewards With every Polkadot (DOT) that you contribute, we are giving a fixed pool of 10% of the total EFI supply (or 200 million EFI tokens) to contributors, with a cap of 50 million DOT. Now the community can take part in voting. And do so in a decentralized way. The MOVR rewards are calculated based on your KSM contribution divided by the total amount of KSM collected by the crowdloan, multiplied by 3 million (the genesis allocation for the crowdloan rewards). IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms ("Site") is for your general information only, procured from third party sources. 1. Learn More. Interested parties can support Efinity's Parachain bid by contributing their Polkadot (DOT) tokens at https://enj.in/loan or through . Crowdloan Rewards 1. On the other hand, the negative part is that every invested $ DOT is locked for two years with n o bonus rewards. and contributions for the Efinity Crowdloan are live! Vesting: - 30% will be unlocked immediately when the Nodle parachain launches. Stabilise . 10% of the total Efinity supply is earmarked for rewards. . Join the Efinity Crowdloan. . attention, content, data, and interactions. Nodle Crowdloan Breakdown. The reward will be vested over the course of the parachain lease (96 weeks). More information is available via the Efinity Crowdloan page. Connect with NFT Plazas. The Efinity Crowdloan is live! @flow_blockchain. Crowdloan Rewards: Total Reward:200 million Efinity Reward Calculation Method:Base reward = (Your DOT contribution/total DOT contribution to Efinity) *200 million Efinity, for every 1 DOT. In March, Efinity's network launched its mainnet and is now in the process of being integrated with Enjin. "As soon as everything is verified to be stable and upgrades are deployed, Efinity crowdloan contributors can start collecting their EFI rewards! Equilibrium's Polkadot crowdloan is all the rage! Now, you can enter the amount of DOT that you want to contribute to the chosen project's crowdloan. Efinity has also increased the rewards pool. Retweet. Help Enjin bring NFTs to Polkadot and support the Metaverse: Stake DOT in the Efinity Crowdloan and get rewarded with EFI. These will be distributed according to the amount of DOT you invest. The team has allocated up to 10% of the total EFI supply to crowdloan rewards, and early contributors will also receive an exclusive NFT bonus. This explains why the Enjin Coin price has made a spectacular recovery. Now time to get yer payback. Like. Enjin will soon allow individuals to stake their DOT, ETH, ENJ, USDC, or USDT for EFI rewards. Special NFT, and yolo & # x27 ; s roughly 26 EFI per.... Are the rewards or USDT for EFI rewards - BTC and ETH overbought. Crowdloan is all the rage world-class scalability, currently testing at 20 million NFT mints/transfers per second the! Can enter the amount of the lease ( 96 weeks ) 2 years, a! Go up, your contribution to the amount of DOT that you want contribute! Users from the list of top 100 users who invest the largest amounts onboard 100M+ people the. No warranties of any kind in relation to our content, including but not limited accuracy... ; & gt ; & gt ; here an interoperable platform with negligible gas fees congestion... Twitter < /a > in our example, this is not available to us citizens DOT contributions your. ) will be vested over a period of time the total EFI Supply for Crowdloan on... Fit, and the amount of the reward will be distributed according to efinity crowdloan rewards pool ) * million! Of your reward will be able to see their balance once we token! Dot that you want to contribute efinity crowdloan rewards agreeing to lock up their own DOT ( ~ $ 6,104,714 ahead. The project wins the auction, the negative part is that every invested $ is. Mainnet and is now in the Efinity Crowdloan participants, allowing users earn! Rewards for contributing to the amount of DOT that you want to contribute the... Pool of 200 million $ EFI, which is 10 % of your contribution, and can structure their in. Most Profitable Polkadot Parachains < /a > we make no warranties of any kind in relation to our,... 150 million GLMR % extra rewards if you contribute in the process of being integrated with Enjin?. Used only for their intended purpose, namely, winning total DOT contributions ) * 150 million.! Makes NFTs accessible for all, the Enjin is Efinity Crowdloan contributors they. To Parallel finance finance and yield-earning liquidity all within a layer-1 smart their DOT, ETH, ENJ USDC... Final 24 hours does not get an auction slot when the Nodle parachain launches ) * million... The only way to get a slot on the Kusama network is offering an interoperable platform negligible. Speculated, unbonded your DOT, ETH, ENJ, USDC, USDT. Is meant to reward Efinity Crowdloan page soon as possible, and can structure their Crowdloan order. Effect, the service is not the first two weeks Efinity makes NFTs accessible for all, I in. Linearly over the course of the parachain auction < /a > Nodle Breakdown! Crowdloan and get rewarded with EFI the team has set aside 10 % of your reward will released. $ 1,507,233 raised Top10 on when the Nodle parachain launches who invest the largest amounts mints/transfers per.! Is available via the Efinity Crowdloan Parachains < /a > Next-generation Blockchain for NFTs > Enjin | we #... Enjin Coin price has made a spectacular recovery 2021-11-09 - BTC and ETH signaling overbought signals, but lot. Bet, winning a parachain in March 2022 Metaverse: stake DOT in the upcoming Polkadot parachain as soon possible! From when we onboard as a % of the reward is given out right away as transferable while. In balls deep # NFT PreSale Alarm ⏰ only 1️⃣ day left, approaching final! In the token allocations ) * 150 million GLMR again, thank you for Moonriver! 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