The TPAY coin itself is primarily proof of stake, offering rather nice rewards (10–15%) for those who choose to stake coins in their . However, the TokenPay ecosystem has grown considerably, encompassing multiple use cases and new features. These include the eFIN DEX, CryptoBet online casino and sports-book, and the newest being TokenDomains, a web domain marketplace. All of these new additions have their own separate currency, each integrating into the TokenPay ecosystem in their own unique way. The focal point being innovative ways to earn these separate currencies.
To start, $CBET is the associated currency to the CryptoBet online gambling platform. It is a proof of authority coin similar to GoChain. One of the main ways to earn $CBET is through ‘’ by placing wagers on the platform. It is important to note that the only thing that matters is the wager amount, winning or losing the bet has no effect on rewards. Another primary way to earn $CBET is through a highly competitive referral system, with users earning 25% of all $CBET from their referrals. Fifteen million $CBET (25% of maximum supply) is to be allocated for this program. This $CBET referral program is in addition to the current referral program which provides 1% of the gross wager volume to the one who referred them. To top all this off, $CBET is being airdropped monthly to those staking $TPAY. Five hundred thousand $CBET is allocated annually for this, with those who are staking one thousand TPAY or more in their wallets being able to take advantage of this. It’s important to note that eFIN Partners and Platinum members will receive enhanced airdrop rewards.
The newest of the bunch, $DOT, can be earnt in a very similar manner. $DOT will be airdropped in the same monthly schedule as $CBET, available for those staking $TPAY. The unique ‘’ method for $DOT will be through acting as brand affiliates for brand ambassadors to the various e-commerce, leadgen and domain properties. Many of the various rewards for those involved in the ecosystem center around being an ambassador or providing referrals for the various platforms TokenPay has created.
eFIN is no different, with one of the biggest ways to earn $EFIN being providing the most referrals for the platform on a weekly basis. Millions are available for those who bring in high amounts of referrals. Another key way to earn eFIN is through staking TPAY in your . Standard users receive 1 EFIN for every TPAY staked, Partners 5, and Platinum members receive 10. EFIN nodes can be run as well, resulting in even more rewards in EFIN.
Obviously TokenPay creates many ways to earn the numerous coins in the ecosystem, but a key takeaway is that coins are rewarded for actions that users are already doing and for drawing more people into the ecosystem as a whole. The way rewards are structured are more like a loyalty system, with actions that benefit the ecosystem, benefiting the end user. Simply put, TokenPay rewards users for being an active member of the community, allowing people to invest more than just money into the project as a whole.
Published at Sun, 28 Apr 2019 17:27:39 +0000
