aelf Mainnet Full Function Tryout offers prizes worth up to $200,000, join ‘Stake and Get Returns’ and ‘Divvy up the Prize Pool’ for grand rewards
Since the announcement of the aelf mainnet full function tryout, community users have shown great enthusiasm in participation, and we have also received various feedback from the community, asking for an explanation on rules of “Stake and get returns” and instructions on how to stake. Therefore, before the campaign officially starts, we’ll explain the rules again so that users can better understand them.
What are the rules of “Stake and get returns” and “Divvy up the Prize Pool”?
During the campaign, users can receive the ELF Token (mainnet token) as reward through staking. It is similar to a fixed deposit in a bank, as the campaign stipulates that if a user stakes ERC20 ELF Token for 30 days, he/she will receive Mainnet ELF Token as a reward, without extra charge, at a monthly ratio of 400:1 (i.e. 0.25%). For example, if a user stakes 10,000 ERC20 ELF Tokens, he/she will receive 25 mainnet ELF Tokens as a reward given by the aelf team. After the 30-day staking period expires, the user can redeem the staked ERC 20 ELF Tokens.
In addition, users who have finished staking can receive LOT Token. During the campaign, users can join Lottery Draw and Lucky Box with their LOT Tokens.
After the end of the campaign, LOT can be used to participate in divvying up the prize pool, the amount of which is determined by TVL. The higher the TVL, the bigger the prize pool and the more rewards users will get.
Combining the two rewarding modules of “Stake and get returns” and “Divvy up the Prize Pool”, the reward for any participant could be considerable.
How to stake?
Users can stake and redeem their ERC20 ELF Token, finish daily tasks and switch lottery codes on the aelf mainnet tryout webpage. As pre-staking will start at 18:00 3rd February (SGT), we will announce the link of the campaign page tomorrow (3rd February). Stay tuned!
Please find the instructions on staking below and get yourself familiarized with the process.
🔥How to stake: https://aelf.io/gridcn/ClaimToken_Instructions_en.pdf
