EARN’M dApp Launch Update and Q4 AMA

EARN’M dApp Alpha Launch

A New Era in Crypto: Introducing the EARN’M dApp

On December 12, we embarked on an exciting journey with the launch of the Alpha version of the EARN’M dApp, a groundbreaking platform designed to revolutionize the web3 world. EARN’M stands out with its unique features and commitment to providing our earners an engaging and rewarding experience.

Launched to only a small audience, we are truly humbled by the engagement of our Alpha launch as we look forward to a full-scale launch this year. With millions of earners in the pipeline, 2024 is looking bright. As we look forward to the next iteration of the EARN’M dApp, and the full-scale launch of EARN’M Loyalty Ecosystem, let’s dive into the exciting numbers — and how we plan to onboard millions of Earners from the Mode Ecosystem and partner networks.

Our Mystery Boxes, a core component of the platform, have captured the imagination of the crypto community, offering a blend of surprise, value, and opportunity.

The success of our launch is a testament to our investors’ faith and support. Their involvement has been crucial in shaping the platform’s direction and enabling us to reach remarkable milestones. We’d like to take this opportunity to thank all of you for your invaluable feedback, suggestions, and support.

→ Click here to learn more about EARN’M Loyalty Ecosystem and the EARN’M dApp

Our First Two Weeks

Our launch was not just an event but a momentous occasion marking the beginning of a new chapter. In these first 14 days, we’ve seen incredible milestones that we’re thrilled to share:

• Over 25,000 Mystery Boxes Minted: A testament to the enthusiasm and trust of our community.
• 5,000+ Unique Reveals: Highlighting our earners’ active engagement and curiosity.
• Revenue Generation: We’ve generated a remarkable 2,500 MATIC, underlining the financial success of our platform and the foundation for unlimited scalability.
• User Engagement: Over ten reveals per user on average and individuals with over 1,000 Mystery Boxes collected to showcase the interest in what the EARN’M Loyalty Ecosystem offers.

The figures we have here are not just mere numbers. They represent the hard work, passion, and dedication of every member of our flourishing community.

Furthermore, this is just an early-stage launch of our product, leaving us with an exciting road ahead to focus on growth and enhancing the experience of our earners.

Vision and Growth

The journey of EARN’M is just beginning. Our roadmap has exciting features and enhancements to improve user experience and value. We’re committed to continuous innovation, ensuring that EARN’M remains at the forefront of the crypto ecosystem.

As we look to the future, our focus remains on providing a platform that is not only financially rewarding, but also enriching and community-driven. Though the Alpha launch has been a great success, our eyes are now upon the Beta launch of the EARN’M dApp, where we will unlock wallets for millions of Mode ecosystem users, and eventually millions more through our partner platforms upon full release. This Alpha is just a starting point.

Based on early feedback from our early adopters, our next steps will focus on:

• Adding wallet creation and funding features for non-web3 native users.
• Scaling to other EVM-compatible blockchains.
• Improving the Mystery Box redemption experience.

So, as we continue to iterate and drive EARN’M forward, we trust you’ll continue to earn more Mystery Boxes, additional sweepstakes, and an increased chance to reveal those higher rarity rewards out there in the wild. Expect additional improvements and updates in the near future.

A Community United

As we wrap up this community update, we are invigorated by the progress and unity demonstrated in our EARN’M dApp journey. Your enthusiasm and collaboration have been the driving force behind our success.

Now, we shift gears to the eagerly anticipated Q4 AMA session. This is your platform to inquire, suggest, and engage directly with our team. We’re excited to delve into your questions, share insights, and further our collective vision. Together, let’s continue to innovate and shape the future of the Web3 world.

Resources

• OpenSea: https://opensea.io/collection/earn-m-mystery-boxes
• Mystery Box Smart Contract: https://polygonscan.com/address/0xd658843c3befcfe9d3fad05b4f17e3be13f935b5

Q4 AMA Questions

$EARNM Questions

When does $EARNM trading start?

$EARNM TGE is planned to happen in late Q1 2024. We will release more information about exchanges closer to the TGE.

What is the approximate market cap of $EARNM Tokens?

$EARNM market cap will be determined by the market upon TGE.

Are there any changes to the vesting schedule for existing token holders?

A 9-month vesting schedule is in place, where $EARNM tokens will be allocated linearly each day.

Does the token supply increase change the previous token allocations?

Nothing has changed; every token holder will be subject to the 1:5 token split.

How does $EARNM staking work?

Holders can stake their $EARNM token in exchange for a yield in $EARNM tokens and Mystery Boxes. Additionally, stakers will be entitled to special benefits, including voting rights and access to a free subscription to our Crypto Club.

What’s the general health of the company’s financials?

We are well on track and within budget regarding financial duties involving the $EARNM token launch.

dApp and Ecosystem Questions

Do I need to pay gas fees to reveal Mystery Boxes?

Yes, Mystery Boxes are NFTs living on the Polygon Network, meaning you must pay gas fees for your transaction to be confirmed on the blockchain. Luckily, the Polygon Network is one of the cheapest to transact on. The average cost of opening a Mystery Box is 0.1 MATIC.

Why do I need to pay a 0.1 MATIC fee per Mystery Box to reveal them?

We use multiple tools and services to ensure a safe distribution of Mystery Boxes. Our primary goal is to disincentivize bad actors, avoid them from gaming our system, and collect the most prized Mystery Boxes deceitfully.

These tools require paid subscriptions, and gas fees, when used. Some of these subscriptions are:

Chainlink VRF: the only source of true randomness on-chain, ensuring that each Mystery Box is randomly minted and assigned to the user.

Chainlink External Adapter (and its connection with our Codes Management API): used to associate your one-time code to your wallet to avoid any bot frontrunning your transaction to get your Mystery Boxes.

The cost of these subscriptions and gas fees vary upon network congestion, meaning that from time to time, the cost of revealing Mystery Boxes will be lower, or higher, than 0.1 MATIC. The $EARNM Treasury will cover the fees when they increase above 0.1 MATIC per Mystery Box and use the excess proceeds to buy back $EARNM tokens when the fees decrease below 0.1 MATIC.

When do I know how many tokens are inside my Mystery Boxes?

The amount of $EARNM tokens within each Mystery Boxes is shown upon revealing. You will see the rarity of each Mystery Box you reveal; each rarity corresponds to a specific number of $EARNM tokens. Here’s the breakdown:

Common Box: 2.5 $EARNM

Uncommon Box: 5 $EARNM

Rare Box: 500 $EARNM

Epic Box: 5,000 $EARNM

Legendary Box: 50,000 $EARNM

Mythical Box: 500,000 $EARNM

When can I claim the $EARNM tokens inside my Mystery Boxes?

$EARNM tokens are vested inside your Mystery Boxes until the token launch in early 2024. However, these Mystery Boxes started to vest when you received them in your wallet. This means that the wait will only mean that you’re getting the full token allocation faster.

With the dApp Alpha already launched, are we expecting to get a new version of the dApp with more tools and activities?

Yes. The current version of the dApp is an early working version that was rolled out to a group of selected users to learn from their experience. Future versions of the dApp will improve aesthetics and functionality.

How’s the success of Mystery Boxes and the dApp so far?

We are extremely happy with the early results we see from our users using the dApp and interacting with Mystery Boxes. In the first two weeks of the dApp being live, our users revealed over 25,000 Mystery Boxes; this means that over 5,000 unique reveals and over 10,000 unique transactions have been processed. This is a huge milestone that will resound on the whole ecosystem.

Over 17 million Mystery Boxes have been accumulated by users in the Mode Earn App since they were introduced in the platform in 2022. This means that millions of new users and transactions will be performed in the coming weeks and months, up-leveling the results achieved so far.

Moreover, this is just the beginning since new partnerships are getting established with other networks, KOLs, dApps, Games, and many different platforms and will be rolled out in the coming months.

How do Mode Mobile users earn Mystery Boxes and access the EARN’M dApp?

Mode Mobile users earn Mystery Boxes when performing different activities within the Mode Earn App. They get Mystery Boxes when they redeem within the product by playing games, listening to music, reading the news, charing and unlocking their phones, and so much more. Mode Earn Club subscribers and Mode Phone users also get Mystery Boxes as part of their subscription benefits. Whenever they want to redeem their Mystery Boxes, they get a Mystery Code and are sent to the EARN’M dApp, where they will follow the same process as every other partner platform.

How do other partners integrate Mystery Boxes into their platforms?

Any platform can integrate EARN’M Mystery Boxes to reward their users. It’s easy to integrate, and the experience is seamless for the platform’s user. Each platform has different options for connecting to the dApp and rewarding Mystery Boxes to their users. We developed three ways to account for all the possible platforms and provide a rewards engine for every platform:

The best way for a platform to connect is through our Codes Management API; this is how the Mode Earn App is connected to the dApp. The Codes Management API works on-demand, meaning that when a user performs a certain activity on the partner platform gets rewarded in real time with Mystery Boxes. At that point, a unique code is generated and sent to the user, which will then be used on the dApp to get his Mystery Boxes.

The easiest way for a platform to connect is through our curated partner dashboard. In this case, the partner can share a unique URL our system generates for his users. Upon confirmation, a unique code will be generated and displayed to these users, which can then be used on the dApp to get their Mystery Boxes. This is a great way for KOL and Communities to reward their followers and participants.

Lastly, the simplest way to distribute Mystery Boxes is through a manual connection to the dApp using a spreadsheet with generated codes.

Will other partners be able to integrate their assets into Mystery Boxes?

Yes. EARN’M partners will be able to bundle their assets into Mystery Boxes. This feature will be enabled for selected partners starting Q1 2024.

In conclusion, the EARN’M dApp’s Alpha Launch has set a solid foundation for our continued growth in the web3 space. With an enthusiastic community, impressive engagement, and a clear vision for the future, we’re poised to redefine what’s possible in the world of crypto rewards. As we move forward, we invite each of you to stay engaged, share your feedback, and help us shape a platform that truly reflects our collective ambition and creativity. Together, let’s embark on this exciting journey towards innovation, earning, and success. Happy New Year!

— EARN’M Team

[PLEASE READ] Important legal disclaimer:

This discussion may contain forward-looking statements that are based on our beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: “may,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “anticipate,” “is designed to,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. These statements may involve risks, uncertainties, assumptions, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each such forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. Forward-looking statements include, but are not limited to, statements about developing and designing the EARN’M Loyalty Ecosystem, including the EARNM Coin and its future utility; our expectations regarding regulatory developments and their effect on the EARN’M Loyalty Ecosystem, including the ability of applications on our network to develop a user base and a successful business model; and potential future listings on an exchange or ATS. We cannot assure you that the forward-looking statements will prove to be accurate. Furthermore, if the forward-looking statements prove inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. We undertake no obligation to update any forward-looking statements publicly, whether as a result of new information, future events, or otherwise, except as required by law.