Introducing Our Participate To Earn Program: Details of How To Access fantomGO Tokens
Blockchain, dApps, and everything in-between, Web3 is here. Developers are using blockchain tech to build future applications, products, and solutions. Open source, Community-driven, and user-centric shall be the USPs of all the next-gen companies. With decentralization as their mantra, companies are building solutions in a journey towards an inclusive Web3.
To build an inclusive Web3, ideas and community are the only prerequisites. However, ideas are worthless if they are not translated into useful products. Likewise, a plethora of ideas has fallen flat due to the lack of financial support and community-backing. We aim to back these ideas and nurture them into full-fledged products using our launchpad, fantomGO.
Bridging the Gap Between Ideas and Community
Several ideas require a stable financial injection to develop into a product or a solution for the world. Likewise, market participants are often on the lookout for credible projects to invest in. fantomGO shall be bridging this gap between ideas and the community in a decentralized and inclusive manner.
Market participants, irrespective of skill-set and experience, will be able to financially support highly-vetted projects. This support will be recurrently fed to the projects in a bid to assist their sustainable growth. fantomGO aims to eliminate the standard practice of launchpads where token owners liquidate their tokens in a short while after the IDO allocation.
To eliminate this, fantomGO has designed a novel engagement mechanism where market participants contribute value to the project they love, to earn $FTG tokens. This is termed as ‘Participate-to-Earn’. Here, users earn $FTG tokens to have an early-mover advantage in vetted projects and other initiatives.
Hereby, the community drives the project forward by spending time and effort in completing minor tasks.
FantomGO; The Launchpad
Sustainable growth is the only recipe for success in the buildup to Web3. Similarly, fantomGO has adopted the PTE model to create a sustainable environment of support and growth for projects that shall be launched on Fantom.
Apart from crowdfunding support, fantomGO shall help the projects holistically reach the market. This includes providing technical and R&D support to the project. Also, fantomGO will guide developers in their journey towards Web3 and into the Fantom Ecosystem. This equates to access to software solutions, boot camps, networking opportunities, and more for developers.
fantomGO shall also be active in the project’s journey and adoption with educational and engagement initiatives. This supersedes the standard launchpad model of Launch | Earn | Exit.
Participate-to-Earn 101
Inclusivity in vision, inclusivity in action — fantomGO has designed its PTE model to provide a fair playing ground for all. The activities range from voicing out support for the project on social media sites to creating GIFs. Users can also engage in activities like researching Web3, writing articles, and a plethora of other ways to exhibit support and contribute value to the projects they believe in.
Every task is recorded on SweepWidget and is rewarded with points. Accumulation of these points shall culminate into earning of $FTG tokens which can further be used to contribute to projects of their choice. Tokens earned in PTE will have a 6 months vesting period based on bi-weekly tally of points. This fuses sustainability into the core of the model as the users and projects likewise will benefit from a long-term commitment.
fantomGO has also decided to incentivize long-term supporters in a Hold-to-Participate initiative. This is a token of support to those users who strive for the betterment of the project over a period of time. This incentive furthers the concept of sustainable growth and removes the ‘for profit’ mentality prevailing in the industry.
Also, the fantomGO community shall be grouped into 7 tiers in descending order of points earned i.e.
- GO Legion
- GO Brigade
- GO Regiment
- GO Battalion
- GO Platoon
- GO Patrol
- GO Squad
And in line with the points earned, users will be placed in one of these tiers. Their rewards shall range from guaranteed allocation and governance rights to lottery-based rewards. fantomGO has also taken a firm stance on rewarding each and everyone who has participated and provided value to the community and the project.
$FTG: Currency of the Community
With these initiatives and more planned by fantomGO, there is minimal doubt that they shall facilitate the community-driven future of Web3. $FTG token is not only a currency but a token of support reflected by the community towards ideas and innovation. With better reach and adoption, fantomGO will be able to nurture more solutions and projects.
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Forward Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.
