STATE TOKEN REWARDS PROGRAM!
Hey ParaState / SafeStake Community!
We told you we had some inspiring news to share with you, and we aren’t going to leave you hanging on promises of improved support alone. Here’s where the rubber meets the road! (and what you’ve been waiting for!)
5,000,000 STATE tokens will be awarded after SafeStake Testnet Stage 1, sometime in Q1 2023. They will be distributed so that active/top-performing operators on the network can earn up to 72%, and active validators can earn up to 28% of the 5M available STATE tokens.
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* Active Operators — 1,750,000 $STATE (35%)
* Top Performing Operators — 1,863,500 $STATE (37%)
* Active/Top Performing Validators — 1,386,500 (28%)
How will the 5M $STATE be distributed?
- Currently Active Operators — rejoice! You’ll be rewarded for staying active! You’ll each earn 18, 750 STATE tokens + extra XP loyalty points (TBD) [150,000 STATE tokens to be distributed between 5ElementsNodes, ElectroNode, InfStones, kjnodes, SaraBarbora12, STAKECRAFT, Stakely, Polkirerara.
- Inactive Operators — Become active again and earn 10,000 state tokens! (*limited to the first 60 operators that bring their node up-to-date and become/remain active until stage 1 concludes.) [600,000 STATE tokens]
- The first 100 NEW operator nodes that stay active will be awarded 7,500 STATE tokens/each + one (1) limited edition NFT [750,000 STATE tokens]
- The First 100 NEW validators that stay active will be awarded 2,500 STATE tokens/each + one (1) limited edition NFT( [250,000 STATE tokens]
- The top 25 Performing Operators (for all of testnet stage 1) — will be awarded 74,540 STATE tokens/ea [1,863,500 STATE tokens]
- The top 25 Performing Validators (for all of testnet stage 1) — will be awarded 15,000 STATE tokens/ea [375,000 STATE tokens]
- Refer a Friend — Earn STATE tokens to bring new validators and operators on board and build a strong SafeStake community! Each successful validator or operator node setup that results from your referral will earn you 10,000 STATE tokens. (*limited to first 50 referrals; must receive proof of validator/operator setup from both referrer and referee) [500,000 STATE tokens]
- Engaged community members will earn XP rewards! Beginning 12/19/22 and running through the conclusion of testnet (est. 3/31/23 latest), the 10 highest XP holders will be awarded a weekly total of 34,100 STATE tokens! [511,500 STATE tokens/ *max 15 weeks] Weekly breakdown of STATE tokens based on XP points:
Highest — 9,000 STATE tokens
2nd highest — 7,200 STATE tokens
3rd highest — 5,400 STATE tokens
4th-10th highest — 1,785 STATE tokens/ea
We hope you are as EXCITED about this as we are!!! If you have questions or feedback, please let us know.
