40,000,000 VEST Loans Rewards — April 2024

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Published in
3 min readApr 10, 2024

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Dear COSers,

We are excited to launch our new VEST Loans Event in April! For this month, we will have a special “Deposit COS, Convert to VEST, and Receive 100% Bonus VEST Loan Rewards” event! The Contentos team will provide up to 40,000,000 VEST in Loan rewards to global community members participating in Contentos BP Voting.

Users that receive VEST Loan rewards must be qualified to vote for Contentos Mainnet BPs. For more information on BP voting, please refer to https://bp.contentos.io/.

The total amount for this event will be 40,000,000 VEST.

To join our VEST Loans Event, please follow the rules below.

⭐️Event 1: VEST Loans Bidding

The total available VEST Loan rewards for Event 1 will be 20,000,000 VEST.

⭐️Timetable :

  • Application Period : April 14th 00:00:00 to April 15th 23:59:59 (GMT+0)
  • Loan Period : April 16th to May 16th (One Month)

⭐️How to participate :

Note: This month’s lending activities will be bid using CONTENTOS mainnet accounts and tokens due to Binance BEP2 functions not being supported at the moment.

  1. Deposit 30,000 COS or more to the Contentos official address below to place your bid (The minimum bid is 30,000 COS). (Contentos official Mainnet address: loan202404)
  2. Use your COS mainnet account when sending bids to receive a refund for losing bids.
  3. Check if you’re in the top 50 bidders in the “Fund History” section at the link below or deposit more to win. https://explorer.contentos.io/#/user-relevant/loan202404
  4. The bid amounts will not be added for a bidder with multiple bids.
  5. There will be a limit of one winner per address.
  6. We will announce the winners of the loans on April 16th, 2024.

Event 2: Deposit COS, Convert to VEST, and Receive 100% Bonus VEST Loan Rewards

The total available VEST Loan rewards for Event 2 will be 20,000,000 VEST.

⭐️Timetable :

  • Event Period: April 14th 00:00:00 to April 22nd 23:59:59 (GMT+0) (10 days)
  • Loan Period: April 23rd to May 23rd (One Month)

⭐️How to participate :

  1. Deposit at least 20,000 COS to your COS.TV mainnet wallet and Convert them to VEST.
  2. Your Contentos Mainnet Account must have not withdrawn any COS in the past 60 days, or, the amount of COS deposited during the event must be greater than the amount of COS withdrawn in the past 60 days.
  3. The VEST Loan rewards will be calculated by subtracting withdrawn COS tokens in the past 60 days from those deposited during the event. The VEST Loan rewards will be distributed according to the balance.
  4. Only COS tokens that are deposited and converted into VEST during the event period will be included in the calculation.
  5. Participants that convert COS to VEST can participate in Contentos BP voting but are not required to participate to receive rewards.
  6. VEST Loan rewards will be distributed on April 16th, 2024 and April 23rd, 2024.

⭐️ Terms and Conditions :

  • VEST Loan rewards will be sent to the mainnet account used to participate in the bidding event.
  • All the Mainnet COS bids for the winners will be swapped to BEP2 and burned permanently!
  • The application will be processed on a “first come, first served” basis.
  • We will return the bid if your application is not valid.
  • Applications that do not meet the requirements above will be disqualified without notice.
  • Users who receive VEST Loan rewards must be qualified to vote for Contentos Mainnet BPs. For more information on BP voting, please refer to https://bp.contentos.io/.

*Contentos reserves the right to modify, terminate, or change the contents of this event at any time. Updated event information will be posted without prior notice. The final interpretation rights for this event belongs to Contentos.*

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