Sep 23, 2024
Dear Liberty Finance Community,
We are thrilled to unveil the Mawhiba Incentive Program, an exciting evolution of our previous airdrop linked with testing. In anticipation of our upcoming Token Generation Event (TGE), we're significantly increasing the total reward pool to $1,000,000 USD in LIBFI tokens (37,037,037 LIBFI). This program is our way of recognizing and rewarding your invaluable contributions as we continue our journey of testing and refining our platform.
Why Mawhiba?
Mawhiba, meaning "talent" or "gift" in Arabic, symbolizes the unique contributions each of you brings to the Liberty Finance ecosystem. By transitioning from our previous testing-focused program to the Mawhiba Incentive Program, we're enhancing the rewards and introducing new, engaging ways for you to participate and benefit during our critical testing phases.
A Seamless Transition with Greater Rewards
This transition amplifies your benefits and offers even more opportunities:
Increased Total Rewards: We're boosting the total reward pool from 24,712,500 LIBFI to an impressive 37,037,037 LIBFI in the Mawhiba Program.
Expanded Participation Opportunities: With new tasks, referral bonuses, and ambassador incentives, there are more ways than ever to earn.
Phased Testing Approach: The program is structured in two testing phases to align with our platform's development, ensuring continuous engagement and rewards.
Mawhiba Incentive Program Overview
The Mawhiba Incentive Program rewards you based on the points you accumulate by completing various tasks during our testing periods. Your points reflect your contributions, and the more you engage, the larger your share of the reward pool will be.
Phase 1: Testnet Testing Phase (30% of Total Rewards)
1. Honoring Our Early Testnet Users
We deeply appreciate our early adopters who participated in the initial testnet on the Gather chain. As we transition to the Mawhiba Program:
All transactions you completed on the Gather testnet will be converted into points by multiplying your total number of transactions by 2,000.
For example: If you performed 50 transactions on the Gather testnet, you will receive 50 transactions x 2,000 points = 100,000 points.
This significant multiplier ensures your past efforts are recognized and gives you a substantial head start in the new program.
2. Rewarding Unannounced Testers
Your dedication didn't go unnoticed! For those who continued testing between the closure of the Gather testnet and the opening of the Mawhiba program on Arbitrum Sepolia, we're offering additional points as a token of our gratitude:
Over 50,000 transactions: 1,000,000 points
Over 25,000 transactions: 500,000 points
Over 5,000 transactions: 100,000 points
Over 1,000 transactions: 20,000 points
Over 100 transactions: 2,000 points
There's Still Time!
The window for accumulating transactions in this category remains open until the Mawhiba program launches. This means you can continue to perform transactions and increase your point total in this category. Seize this opportunity to maximize your rewards before the program officially begins!
3. Ongoing Testing Rewards
As the Mawhiba program goes live, you can continue to earn points through testnet interactions:
Swap, Add Liquidity, Redeem Liquidity, and More:
Each action earns you 50 points.
Daily Cap per Category: 2,500 points (maximum of 50 transactions per category per day).
Expanding Actions: As we introduce new features like limit orders and bridging, additional testing categories will be added.
4. Amplify Your Rewards as a Libfi Ambassador
Ambassador Bonus: Earn 20% more points for each testing transaction.
Increased Daily Cap: Up to 3,000 points per day.
Why Become an Ambassador? Enjoy heightened rewards and play a pivotal role in testing and improving our platform. This is a prime opportunity for everyone to step up and for existing ambassadors to strengthen their positions.
5. Leverage the Referral Program
Invite Friends: Earn 10% of the points generated by each friend you refer during the testing phases.
No Limits: The more friends you invite, the more you earn, enhancing your potential share of the reward pool.
6. Engage Through Social Connections
Connect Your Social Accounts: Gain additional points by linking your social media profiles.
Complete Social Tasks: Participate in social media activities to earn even more points.
Phase 2: Mainnet Testing Phase (70% of Total Rewards)
As we transition to our live trading platform, the Mainnet Testing Phase offers even greater earning opportunities:
Continued Referral Rewards: Keep benefiting from your network's activity during the testing of our live platform.
Social Connections for Newcomers: New users can connect their social accounts to earn points, ensuring everyone has a chance to participate.
Expanded Testing Actions:
Staking LIBFI
Holding LIBFI
Providing Liquidity for LIBFI Pairs
Trading Activities
Detailed information about Phase 2 will be communicated as we approach the platform's go-live date. Stay tuned!
Next Steps
We're excited about this next chapter and can't wait to share the journey with you. Here's how you can get involved:
Keep Testing: Continue performing transactions on the testnet to accumulate more points before the Mawhiba program launches.
Stay Informed: Keep an eye on our official channels for the Mawhiba program launch date and detailed instructions.
Prepare Your Accounts: Ensure your wallets and social accounts are ready to connect.
Spread the Word: Utilize the referral program to invite friends and maximize your earning potential during the testing phases.
Become an Ambassador: Seize this opportunity to amplify your rewards and influence within the community.
The Mawhiba Incentive Program is expected to go live in the coming weeks, so now is the perfect time to gear up and get involved!
Thank You for Your Unwavering Support!
Your dedication drives our innovation. Together, we're building a stronger, more resilient Liberty Finance ecosystem through collaborative testing and feedback.
For more information, visit our website or reach out to our support team. Let's shape the future of decentralized finance together!
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