Achain Loyalty Program for Dummies

Secret Handshake
Sep 1, 2018 · 2 min read

Sign up for the Loyalty Program
To participate in the loyalty program, just sent 1 ACT to the Loyalty participation wallet: ACTEiVHrZMwikGbft1nTPP1uyiQdxSd3DyJE

You can do this from the Achain wallet (lite of full) or KCash wallet.

Snapshots and phases
A new block is generated every 10 seconds on the Achain blockchain. For every 50 000 blocks (about 6 days) a snapshot taken of the wallets that have participated in the loyalty program. Each phase consists of 5 snapshots, that means each phase is roughly 29 days. At the fifth snapshot the phase is finalized and the average ACT in the wallet of the 5 snapshots is calculated, average is what Is determining your share of the phase rewards.

The reward pool for each phase
Every phase has a base reward of 300 000 ACT. In addition to this base reward, two incentives, that if fulfilled will each add another 300 000 ACT to the reward pool.

• If the price of ACT is higher than at last phase (300 000 ACT is added)
• If the number of ACT in the loyalty program is increased from last phase (300 000 ACT is added)

So, if both these incentives are fulfilled totally 900 000 will be awarded and shared between the loyalty program participants.

Loyalty program payouts
A couple of days after the 5th snapshot in a phase the calculated reward is payed out to all participants directly to wallet that is participating in the loyalty program.

35 million ACT is set aside for the Loyalty Program and it will continue until all rewards have been awarded. So, if the price of ACT goes up and the amount of ACT locked in the loyalty program increases the pool is going to be emptied in around 3 years. If the ACT price do not increase and the ACT in the loyalty program do no not increase the loyalty program can go on for around 9 years.

Achain wallet

Summary
So basically, just send 1 ACT to the Loyalty participation wallet and sit tight and earn ACT continually.

And if that is not enough for you, being in the Achain Loyalty Program will automatically include you in airdrops of tokens built on the Achain blockchain.

All details about the Achain loyalty program can be found on the official website: https://www.achain.com/loyaltyprogram.html

Calculate your rewards easy with the Achain Loyalty Program Calculator

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