The Relay Bounty Program
The Relay Stablecoin System token sale public round has begun! Be a part of the private stablecoin for everyday use.
The Relay bounty program is officially live! The purpose of the bounty program is twofold:
- Reward early adopters.
- Create publicity for Relay and bring in new early adopters.
Program specifics:
· The bounty program is effective immediately and concludes when the public round closes on October 1. Bounty program submissions for content up to that deadline will remain open until October 7.
· 2.5% of the total token supply (25mn of 1bn XRL) is allocated toward the bounty program. Any remainder will be allocated to the Relay Foundation Ecosystem Development Fund.
· There is no maximum bounty reward per participant.
· Rewards per category are not additive. Submissions will only receive the highest tier reward for which they are eligible.
· Bounty program registration is managed as explained below:
1. Send an email to contact@relaystablecoin.com with an Ethereum wallet address you control. Subject line: “Bounty program registration”. Body text:[ETH wallet address]
DO NOT LOSE ACCESS TO THE WALLET YOU PROVIDE, as it is required to unlock your reward tokens. You will be able to claim your bounty rewards on the Relay mainnet by accessing the same address registered to you for the bounty program. The same private key used for the Ethereum address will be able to sign transactions for an identical address on the Relay network, as all registered addresses will be transferred over. If you have security concerns about duplicated private keys, it is recommended to create a new Ethereum address specifically for bounty program participation.
· To claim a bounty activity, send an email to contact@relaystablecoin.com with the following information:
1. Subject line: “Bounty program claim submission”
2. Body text: [ETH wallet address], [link to bounty submission. Social media follows should link to the Medium or Twitter account profile]
· An effort will be made to review all bounty submissions within one week of submission. Bounty claim submissions will be replied to in email and a public tracker will be shared on a weekly basis.
· The following levels of universal multipliers apply to bounty program rewards based on public round participation. Multipliers are capped at 2.5% of total supply total payout across the bounty program.
- 50% of 2000 ETH public round target raised: 2x multiplier to all bounty rewards.
- 75% raised: 3x multiplier to all bounty rewards.
- 100% raised: 5x multiplier to all bounty rewards.
Bounty categories:
Social media follows:
· Follow on Medium: 5,000 XRL. Only accounts with at least 2 followers are eligible.
· Follow on Twitter: 5,000 XRL. Only accounts with at least 25 followers are eligible.
Reddit:
Posts or comments must be from accounts with minimum 1 month account age and 50 comment karma. Posts can be links to official content such as Medium articles.
Reward for posts about Relay (must include Relay in title):
· Top 5 ‘hot’ in /r/cryptocurrency (regardless of upvotes): 500,000 XRL
· 250+ upvotes: 100,000 XRL
· 100+: 25,000 XRL
· 50+ 5,000 XRL
Net upvotes counted 24 hours after post or when reviewed, whichever comes later.
Reward for comments about Relay (must mention Relay):
· 500+: 100,000 XRL
· 100+: 25,000 XRL
· 50+: 10,000 XRL
· 25+: 5,000 XRL
Net upvotes counted 24 hours after comment or when reviewed, whichever comes later.
Youtube:
Reward for video about Relay (must include Relay in title):
· 10,000+ views: 500,000 XRL
· 1,000+ views: 25,000 XRL
· 100+ views: 5,000 XRL
Views counted 7 days after release or when reviewed, whichever comes later.
Twitter (Only accounts with at least 50 followers are eligible):
· @relaystablecoin Retweets: 500 XRL. Must be within 24 hours of tweet
· @relaystablecoin Favorites: 500 XRL. Must be within 24 hours of tweet
· Tweets about @relaystablecoin: 500 XRL per retweet/favorite, up to 50,000 XRL per tweet. Counted 24 hours after tweet is sent or when tweet is reviewed, whichever comes later.
Bitcointalk:
Post in the official Relay announcement thread: 500 XRL, awarded up to once every 24 hours.
About Relay:
The Relay Stablecoin System is a private cryptocurrency with stable value pegged to the US dollar, secured by a public collateral token. Public round of up to 2000 ETH / 75% of total supply begins September 15.
