Fayre Two Tiered Rewards Program
Phase 1 starts on July 14th, 2022 with our Lock and List Bonus. Phase 2 will follow soon after with the $LOVV Rewards Token, ideally between 90 — 120 days.
At Fayre, we are celebrating the launch of our Marketplace by giving away 15 million $FAYRE tokens to the first users of the platform. Isn’t that awesome? We have created a bonus program that benefits both the first wallets that lock $FAYRE tokens and the first wallets that list an NFT collection.
Get your bonus by locking $FAYRE
When you lock 25,000 $FAYRE for 90 days, you get 0% transaction fees on all NFT purchases during the lock period. The first 2,500 wallets to lock this amount will receive an additional lock bonus. The sooner you lock, the more $FAYRE you will receive. The first 250 wallets will get 6,000 $FAYRE each! The subsequent wallets will be allocated their rewards as follows:
Out of the total 15 million $FAYRE tokens we are giving away, 8.5 million will be distributed as lock bonuses. How can I buy $FAYRE? From 14th July, $FAYRE will be listed on Mexc Global.
Get your double bonus by listing an NFT
The first 7,500 wallets that list a qualified NFT for sale will receive a listing bonus of $FAYRE. The sooner you list your NFT, the bigger $FAYRE bonus you will receive. The first 1,000 wallets will receive 2,000 $FAYRE each; see the visual above for further details. Of the total 15 million $FAYRE tokens that we are giving away, 6.5 million will be allocated as listing bonuses. In addition to the bonus $FAYRE tokens, the first 7,500 wallets that list a whitelisted NFT collection, will also receive a Standard FayreCard NFT each. So, whether you want to enjoy zero transaction fees when buying NFTs, or you want to list your own NFT collection, make sure that you keep an eye on our about-to-launch Marketplace on fayre.com to enjoy these fantastic extra benefits.
The Fine Print
Locking $Fayre also reduces transaction fees on natively listed NFTs. We can’t reduce transaction fees on NFTs listed on Fayre from 3rd parties, as we don’t control those smart contracts. Lock bonuses will be distributed at the end of the 90-day term. We will review the locking requirement every 90 days and adjust the locked amount to align with current market conditions.
Zero transaction fees (with FayreCard or Locked $Fayre) apply to natively listed NFTs on Fayre. For that reason, we are running our Lock/List bonus. Listing bonuses are paid out when fully allocation or 90 days from Aug. 14th, 2022, whichever is sooner. The listing must be live for more than one hour and be with 1.5x the floor price of the collection at the time of listing. Only one listing reward per wallet address. If you’d like to list an NFT from a collection that isn’t yet whitelisted on Fayre, please email support@fayre.com.
Phase 2
Phase 2 is all about spreading the $LOVV. We have partnered with LOVV Rewards DAO to offer Fayre holders airdrops and rewards. Here’s a sneak peek.
