One of the core elements of our partner Metis’ business model is its Builder Mining program, in which Metis shares 30% of the transaction revenue it collects every month with its partners (including Netswap). As a community-driven project, our team decided not to put those Metis rewards into our own pockets. Instead, we’re sharing them with the Netswap community, through our newly launched Giveback Plan.
Step 1: 50% of the METIS rewards that we accrue from the Metis Builder Mining program will be placed into the Netswap Staking program, with the community able to stake NETT tokens at https://netswap.io/#/stake and earn METIS rewards.
Step 2: 40% of the METIS rewards shall be directed to the Netswap Farm. We’ll select 3 pairs by liquidity, trading volume, and market data and add them to our 2x Reward Farm category, meaning that liquidity providers will receive both METIS and NETT rewards! Our community will also be able to vote and choose those 3 pairs after the opening of NETT governance.
Step 3: The remaining 10% of the METIS rewards are Reserved assets. The Netswap team will consider giving these out as airdrop rewards for participants in other Netswap programs (such as successfully purchasing IDO allocations on the brand new Netswap launchpad).
