SettleTON: Reward Points System
Introduction
What is SettleTON?
The SettleTON protocol auto-reinvests assets with enhanced APY with one click across leading TON blockchain projects, with no risks compared to DEX liquidity pools.
SettleTON simplifies complex DeFi by diversifying the portfolio and automating the process of adding liquidity, claiming rewards, and reinvesting, which otherwise requires significant gas fees. We accomplish this in just two transactions. The higher the total value locked (TVL), the more frequently reinvestment occurs, increasing the APY.
Introducing the Reward Points System
Reward Points (RP) — SettleTON’s reward system for active participants, providing the opportunity to earn bonuses for liquidity pool participation, NFT ownership, and referring friends.
How It Works
Our mission is to ensure fair reward distribution among all our users, encouraging their active participation in the protocol.
- Liquidity Pool Participation: Each amount of TON invested earns a certain number of reward points per hour.
- Referral Bonuses: Invite friends and earn bonuses: 5% of your friend’s reward and 2% of the reward of their referrals.
- NFT Bonuses: Owning NFTs increases rewards: One NFT adds 100% to all rewards, two NFTs increase the reward by 150%, three NFTs by 175%, four NFTs by 190%, five NFTs by 200%
Why Reward Points?
Reward Points in SettleTON are the key to additional opportunities and rewards on the platform. By accumulating enough Reward Points, you can:
- Participate in Airdrops: The more Reward Points you have, the higher your chances of participating in future airdrops and receiving exclusive rewards.
- Access Premium Features: Soon, you will be able to exchange Reward Points for access to unique features and tools not available to regular users.
- Exchange for a New NFT Collection: To be announced
Reward Points Accumulation Mechanism
- Base Reward: Depends on the amount of TON invested, where X is the number of reward points earned per hour for the deposited funds.
- NFT Boost: NFT owners with early access receive a special multiplier that increases their rewards.
- Reward Boost: The base reward is multiplied by a special factor.
The reward points accumulation system varies depending on NFT ownership and participation in the referral program.
For NFT Owners
- Referral Bonuses: 10-15% of the reward from first-level referrals and 5-7.5% from second-level referrals.
- Reward Boost: NFT owners receive increased bonuses for all their rewards.
For Non-NFT Owners
- Referral Bonuses: 5% of the reward from first-level referrals and 2% from second-level referrals.
For more details on the base reward formula and the formula for total rewards including NFT bonuses and referral bonuses, please refer to the documentation.
Stay tuned for Reward Points system announcements on the SettleTON channel!