Register Mining Points Redemption

Poseidon Network
POSEIDON NETWORK
Published in
3 min readJul 20, 2021

We had launched QL v1.0 mining program in 2020, ending in Nov. 2020.

Because of the exceed miners joining, we realized the software architecture should be adjusted and upgrade. So the team decided to suspend the mining testnet, change it to small-scale functional testing.

According to our situation, We can’t allow everyone to exchange 1 Point for 1 QQQ. But We did make our best effort to let most miners who would be eligible claim rewards.

On the other hand, we will provide additional exchange methods for some users who have contributed to promotion and community operations.

Those users who never withdraw QQQ will be eligible to claim mining points in 1 Point: 0.23 QQQ. We’ll distribute QQQ token to your account.

Because we plan to run new contributions reward in the next phase, so we have to clear all the points from QL v1.0, and those points will no longer be available.

All the points will recalculate on 2021–06–20 00:00

The snapshot for the mining points had been taken place on 2021–06–17 at 6:00 AM (UTC).

Three-step to claim mining points

  1. Search your address on this site, make sure you’re qualified to redeem token.
    Redemption whitelist → https://lihi1.cc/Z6MQY
  2. If you’re qualified, fill the form to let team verify your account is active.
    Register points redemption → https://forms.gle/QYvj22fPpXE4LTkn9
  3. Register Complete! Wait for token distributions.

Who are eligible to claim points ?

Those miners who never withdraw points. You can use QQQ account address to check qualification on this site.

Points Redemption List → https://airtable.com/shrq35MzQf77oWfhR

Points Redemption Rule

All redemption rate is 1 Points = 0.23 QQQ. We’ll send token directly to your QQQ account.

In common case (Miners never withdraw points) :

If you have 10000 points in QQQ APP account. You will receive 2300 QQQ

10,000 Pints x 0.23 = 2,300 QQQ

Contributor (whitelist) :

If you have 10,000 points in QQQ APP account. You will receive 10,000 QQQ

10,000 Points x 1 = 10,000 QQQ

How to redeem those points ?

Register earlier, receive faster

If you register before June 20, QQQ Token will be distributed to your account on June 22.

If you register before June 27, QQQ Token will be distributed to your account on June 30.

If you register before July 15, QQQ Token will be distributed to your account on July 17.

Points redemption will close on July 15. After that, points redemption from QL v1.0 will no longer be available.

What is whitelist ?

It aims to reward those who made contribution to promotion and community operation. Some of users can redeem their points in 1 : 1

If you have any questions. Please send messages directly to @Q_assistant, attached your Address and UID.

Click here to check whitelist address.

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Poseidon Network
POSEIDON NETWORK

World’s first operational decentralized Content Acceleration Network.