The Next Crypto Hunters Millionaires Competition! Ready to Embark on the Adventure?
Disclaimer: The information in this article is provided for informational purposes only and does not constitute investment advice or opinion on the part of Crypto Hunters or its writers.
With the $CRH token gaining traction and continuously increasing in value, Crypto Hunters is launching an exciting new campaign to involve its community.
The promotion, titled “The Next Crypto Hunters Millionaires” forecasts that the $CRH token’s value will reach $1, $2, and $3.
The goal is to reward community members for their contributions by offering different prizes as the token hits each milestone. Plenty of incentives exist, with over 9 million $CRH tokens in the prize pool.
Here’s what you need to know.
What is the Next Crypto Hunters Millionaires Competition?
The Next Crypto Hunters Millionaires is an exciting chance to win a share of the over 9 million $CRH token prize pool once our token price reaches $1, $2, and $3 value.
Each price level achieved for the $CRH token represents a stage in which a prize fund of 3 million tokens will be allocated. Thus, there are three stages for every one of the various attained prices ($1, $2, and $3), each with a prize pool of 3 million token pool awards and a total campaign value of 9 million $CRH tokens.
Here is the distribution of winners in each stage:
Winners Token Division By Stage
1st place in the rating: 1M $CRH
2nd place in the rating: 0.5M $CRH
3rd place in the rating: 0.25M $CRH
After the third place
The following 25 people below will receive 10K $CRH each (250K total)
The following 200 people below will receive 5K $CRH each (1M total)
Users will be eligible to participate through a point-system method described below.
How can I be Eligible to Participate? Point Accumulation System
We have a point system that operates as the primary method for identifying winners based on the total points accumulated on their balance. There are several ways to earn points, including the following methods:
- Holding $CRH Tokens: Earn points by keeping $CRH tokens in external wallets or within the Crypto Hunters app wallet for additional multipliers.
- Staking $CRH Tokens: Increase your points through staking, benefiting from maximum multipliers at snapshot moments.
- Social Engagement: Participate in social activities for more points via Galxe.
- Referrals: Use your referral link to bring in friends and earn points.
It is important to note that each point is initially equivalent to one $CRH token under our point system before any multipliers are applied.
Points earned through social engagements are coupled with those gained through token ownership, potentially boosting the total point balance.
How are the $CRH token multipliers calculated?
Storage in a Web3 wallet
Using wallets such as Metamask, TrustWallet, or Binance Web3 Wallet, among others, a user can earn 1 point for every $CRH token stored. For example, if a user has 1234 $CRH tokens in their wallet at the time of the snapshot, their point balance will be 1234.
Storage in the Crypto Hunters application wallet
When users keep their $CRH tokens in the wallet supplied when registering for the Crypto Hunters app, they receive an x2 multiplier for each token stored during a snapshot. As a result, if a user has 1234 $CRH tokens in this wallet, their point balance will double to 2468 (1234x2).
Staking $CRH tokens:
Storing $CRH tokens at snapshot time gives the token holder the most significant multiplier of x3. As a result, if a user’s staking balance has 1234 $CRH tokens, their point balance increases to 3702. Furthermore, imagine that a fraction of the tokens are kept in a wallet from options 1 or 2. In that scenario, that component receives the associated multiplier (x1 or x2), and the balances from various storage mechanisms are combined.
Earning Social points
Crypto Hunters aims to engage members in every aspect of its community and ecosystem. As a result, a Galxe campaign will be accessible to improve and increase social point accumulation. Some of the various ways to acquire more social points include:
- Special NFT Purchases: Buying specific NFTs awards social points.
- Unique Tasks: Complete set tasks for additional points.
- Beta Testing Participation: Help test the game and earn points.
- NFT Marketplace Activity: Generate transactions on the Crypto Hunters NFT Marketplace for points.
Mechanism for Selecting Winners
Minimal amount in the balance more then 100 $CRH. Considering the recently described point accumulation system, upon reaching each stage price goal, a four-month countdown timer is activated and displayed on the Crypto Hunters website, with each price stage having its own separate timer.
As each timer runs out, the Crypto Hunters team will take snapshots to examine the token and social point balances. These snapshots serve as the foundation for computing user ratings, allowing for the creation of a sorted order from top to lowest points acquired.
This method relies on the Crypto Hunters team’s dedication to organic growth and $CRH token trading volumes. If the token’s price drops below the milestone target, the timer is stopped to respect this principle. The countdown will resume once the token price has recovered to the required level, preserving the competition’s integrity and the valuation milestones’ importance throughout the campaign.
Reward Distribution
Crypto Hunters devised a special prize fund distribution method to ensure a balanced trading environment and protect all investors’ interests. The scheme is organized as follows:
Top three Reward Spots (first, second, and third place):
Recipients will receive 5% of their $CRH prize instantly.
There is a “cliff” period of one month after the initial distribution, during which no additional tokens are released.
The remaining award is vested over eight months following the cliff period. This means the prize money will be gradually delivered to the winners.
Other Reward Spots
Other prize recipients receive 5% of their $CRH reward immediately, as do the top prize winners.
They also face a 1-month cliff period after the initial payout. and the remaining amount of their reward has a 6-months vesting term, which is shorter than that for first place but still meant to assure a steady distribution of monies.
**Disclaimer:
For more information on The Next Crypto Hunters Millionaires Contest, visit our website, campaign dashboard will be out in the coming week
Campaign Website: https://crypto-hunters.io/millionaire/
$CRH Staking: https://staking.crypto-hunters.io/
Galxe Campaign: https://galxe.com/cryptohunters
