TL;DR
To celebrate the launch of NEOPIN Membership, we’re giving away a portion of the $NPT marketing token allocation to users who participates in the global CeDeFi platform NEOPIN!
Season 1 marks the introduction of our exclusive Membership perks. This is only the beginning of our journey to become the world’s leading CeDeFi (regulated DeFi) platform. Be part of this exciting journey. Join the NEOPIN community today and help shape the future of DeFi!
Background
With recent downfalls of centralized cryptocurrency exchanges and platforms, DeFi has seen a notable increase in transactions and volume. The failures of centralized entities have highlighted the importance of adhering to the industry’s fundamental principles of decentralization — not your keys, not your crypto.
Despite the rapid growth of DeFi within the cryptocurrency industry, it has encountered regulatory challenges. To ensure compliance with regulations while maintaining decentralization — NEOPIN adheres to Anti-Money Laundering (AML), Know Your Customer (KYC), and Financial Action Task Force (FATF) regulations. We firmly believe that DeFi can only achieve mainstream adoption by adhering to regulatory requirements. This belief underlies our strategic approach in developing a global CeDeFi platform, NEOPIN.
NEOPIN Membership 💎
Introducing the NEOPIN Membership — become a NEOPIN VIP today to unlock exclusive benefits!💎
To reward early adopters and users of NEOPIN, we are distributing a portion of the $NPT marketing token allocation as part of the NEOPIN Membership Season 1. Season 1 starts now and will end on September 26, 2023, at 00:00 UTC.
Season 1 is only the beginning of NEOPIN Membership. We will announce more exciting benefits in the near future. Stay tuned for further updates!
Eligible Users
Participation in the NEOPIN Membership Season 1 is open to all individuals who have signed up for NEOPIN and completed the KYC verification process, regardless of whether they are existing or new users.
Season 1 also brings a referral program where you can earn extra points by referring your friends. Further details about the referral program can be found at the bottom of this blog post.
Referral Program (Updated on July 31, 2023)
In honor of NEOPIN becoming a part of the Innovation Programme of Abu Dhabi Investment Office (ADIO) 🇦🇪, we’re excited to give away free Gift Boxes containing up to 20 NPT tokens each to existing users and their referrals who sign up before the end of NEOPIN Membership Season 1💎!
How To Refer Friends
1️⃣ Open the NEOPIN App
2️⃣ In the App > Settings > Referral status, copy “My referral code”
3️⃣ Share your code with your friends and ask them to sign up
Once your friend successfully signs up for the NEOPIN App, both you and your friend will receive 1 Gift Box each. There’s no limit to the number of referrals you can make. Refer as many friends as you wish and maximize your rewards!
How It Works
A point system is used to determine the ranking of participants and the allocation of Gift Boxes containing $NPT tokens. All activities carried out on NEOPIN will be taken into account for point accumulation. The more points you score by completing qualifying actions, the greater number of Gift Boxes containing $NPT tokens will be given to you.
As long as you earn at least 1 point from any qualifying actions, you will receive at least 1 Gift Box containing a random amount of NPT tokens!
How To Earn Points
There are 5 ways to earn points:
1/ Stake Points
You can earn points by staking NPT, ETH, KLAY, and TRX V2 on NEOPIN. Points are scored based on the amount of cryptocurrencies you stake. Staking ETH worth more than other coins or tokens.
Also, there is an ongoing 2x Points Booster Event for the newly launched product Liquid Staking (KLAY). This event will last until the end of the NEOPIN Membership Season 1, so make sure you don’t miss the chance to double your Stake Points by staking Liquid KLAY!
Liquid ETH Staking is now live, and you can enjoy an additional 5% APY of NPT (Polygon) as rewards until August 9, 2023, at 00:00 UTC.
2/ Pool Points
Provide liquidity to any pools available on NEOPIN. Points are scored based on the amount of cryptocurrencies you deposit into the pool. Providing liquidity to the ETH and MATIC pool worth more than other pools.
P.S. A daily snapshot will be taken at 00:00 UTC, and a 1% bonus points will be awarded every day based on the daily Stake and Pool points. So it would be best to stake as early as possible in order to accumulate more points!
P.P.S. Assets staked in terminated pools do not receive points. We advise you to withdraw your assets from terminated pools and provide liquidity in active pools to earn points.
3/ Swap Points
Simply swap any tokens on NEOPIN to earn points. This is not based on the amount of cryptocurrencies but on the number of transactions. Swapping Ethereum and Polygon network tokens worth more.
4/ Bridge Points
Bridge NPT to other networks. Points are determined by the number of transactions rather than the amount of NPT involved. Bridging to Ethereum and Polygon networks worth more points than the Klaytn network.
5/ Referral Points
You can earn points by referring as many friends as you want. Share your code with your friends, and they must enter your referral code after completing the KYC verification.
Once they enter the referral code and stake or provide liquidity to pools with a minimum of $100 worth of crypto assets, you will earn 5 points per day, and your friend will earn 10 points per day until the end of Season 1.
If your friend withdraws the staked assets during the season, points accumulation will be paused for both you and your friend starting from that day. Also, please be aware that if the staked asset value drops below $100 due to price fluctuations, point rewards will be put on hold. It’s recommended to keep a buffer to avoid any issues.
Only new users who sign up during Membership Season 1 are eligible to enter the referral code. Existing users can only share the code. Navigate to Settings > Referral Status in the NEOPIN App to enter or copy the referral code. Refer your friends now and earn extra points!
Weighted Point Multiplier for Each Product
Not every product receives the same amount of points, and some will earn boosts relative to others. All weights are based on a multiplier specified in the tables below. The multiplier is determined based on multiple factors, including the number of assets, asset price, network importance, product importance, and additional boost.
Point allocations and boosts will be updated dynamically depending on various promotions throughout the NEOPIN Membership Season 1. Stay connected by following our official Twitter account for updates on upcoming special boost events!
Leaderboard
24H Points and Total Points are updated daily at 00:10 UTC based on the number of user assets at the time of the daily snapshot. As long as you score at least 1 point, your ranking will be shown on the leaderboard. You can check detailed information about your points by selecting your score in the leaderboard.
If there are any changes in your staked assets, such as withdrawals or transactions, or if the Pool experiences fluctuations in supply and demand, your points will be adjusted accordingly to reflect the most recent asset amount. As a result, your ranking and tier may change. If there are multiple participants with the same score, the ranking of the person who signed up first will be placed higher.
Participant Distribution Across Tiers
Gift Box
There are four types of Gift Boxes: Legendary, Epic, Rare, and Uncommon. Legendary boxes will contain significantly more NPTs than Uncommon boxes. The number of Gift Boxes you earn is based on your Tier. Advancing to higher tiers increases the probability of opening boxes that contain more NPTs.
* Please note that taxes may be incurred based on the participant’s country of residence when receiving rewards.
Opening
You will be able to open Gift Boxes in October. We will provide further details closer to the distribution date.
We sincerely appreciate all the users who have been using NEOPIN. NEOPIN Membership Season 1 serves as a token of our appreciation, expressing our gratitude to both existing and new users.
Start collecting points on NEOPIN now to unlock exclusive Membership benefits!👑
About NEOPIN
NEOPIN is a one-stop, non-custodial global CeDeFi platform for the secure use of crypto with regulatory frameworks while leveraging the benefits of both CeFi and DeFi. NEOPIN aims to become an open blockchain platform that bridges traditional finance and DeFi protocols for all users, providing a seamless and integrated experience.
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