Skyren Whitepaper
  • Introduction
  • What Are Crypto Airdrops?
  • Why Choose Skyren?
  • Project Overview
    • Reward Distribution
      • Point Collection
      • Liquid Token Collection
    • Selection Process
      • Asset Security
    • Non Liquidity Tasks
      • Skycation Center (Discord)
  • Polygon Blockchain
    • EVM Capability
    • QuickSwap (DEX)
    • Bridging To Polygon
  • Token Information
    • Token Trade Tax
    • Token Distribution
    • Token Staking
    • Tokenomics
    • Centralized Exchanges
    • UNCX Integration
    • Community Disclosures
  • 🟣Skyren DAO
    • Ethereum Home Chain
      • Cross Chain Voting Weight
    • Funding Sources
      • Initial Capital Formation
    • Skyren DAO Reward Boost
    • DAO Contributors
      • DAO Contributor NFT Keys
    • Security
    • Liquidation Events
  • 🔷Skyren: The Skydrop
  • Project Roadmap
  • Frequently Asked Questions
  • Official Links
  • Contract Addresses
  • Security Reports
  • Legal Disclaimer
Powered by GitBook
On this page
  • Skyren's Process For Managing Point Distribution
  • 1. Overview of Airdrop Points
  • 2. Actions That Earn Airdrop Points
  • 3. The Skyren DAO's Advantage
  • 4. Point Exchange and Token Acquisition
  • 5. Reward Distribution to SKYRN Holders
  • 6. User Requirements and Benefits
Export as PDF
  1. Project Overview
  2. Reward Distribution

Point Collection

PreviousReward DistributionNextLiquid Token Collection

Last updated 5 months ago

Skyren's Process For Managing Point Distribution

Skyren's reward distribution system is an innovative approach to maximizing and sharing airdrop benefits among its community members. Here's a detailed explanation of how it operates, with a focus on the role of the Decentralized Autonomous Organization (DAO) in handling airdrop points:

1. Overview of Airdrop Points

Cryptocurrency projects often reward users with points for participating in various blockchain activities before an airdrop. These points serve as a measure of user engagement and typically translate into airdrop rewards later.

2. Actions That Earn Airdrop Points

Users can earn airdrop points through various blockchain interactions, such as:

  • Providing liquidity for upcoming projects or blockchains

  • Bridging tokens to relevant blockchains

  • Supplying hard liquidity to facilitate trading on specific Decentralized Exchanges (DEXs)

  • Participating in testnet activities

  • Engaging with project-specific tasks or challenges

3. The Skyren DAO's Advantage

The Skyren DAO plays a crucial role in maximizing airdrop benefits:

  • Collective Power: By leveraging the combined resources of its members, the DAO can engage in point-earning activities at a much larger scale than individual users.

  • Efficiency: The DAO's wallet accumulates airdrop points at a significantly higher rate, benefiting from economies of scale and coordinated efforts.

  • Expertise: The DAO can strategically participate in the most rewarding activities, guided by collective knowledge and experience.

4. Point Exchange and Token Acquisition

Once airdrop points are earned, they are converted into tangible rewards:

  1. The DAO exchanges accumulated points for native tokens of the respective projects or blockchains.

  2. These tokens are then deposited directly into the DAO wallet.

  3. The process is managed automatically, ensuring efficient and timely conversion of points to tokens.

5. Reward Distribution to SKYRN Holders

Skyren employs a fair and transparent system to distribute rewards:

  • Proportional Distribution: Rewards are distributed to all SKYRN token holders on the Polygon blockchain.

  • Calculation Method: The distribution is proportional to each holder's SKYRN token balance.

  • Example: If a wallet holds 1% of the total SKYRN supply, it receives 1% of the total rewards earned by the Skyren DAO.

  • Automatic Process: Distribution is typically handled through smart contracts, ensuring accuracy and eliminating the need for manual intervention.

Skyren primarily distributes airdrop rewards on the Polygon blockchain. However, due to cross-chain limitations or EVM incompatibility, some rewards may be distributed on the most appropriate and liquid alternative blockchain on a case-by-case basis. Users should be proficient in blockchain navigation or seek assistance from the Skyren Education Center if needed.

6. User Requirements and Benefits

Participating in Skyren's reward system is straightforward:

  • Minimal Action Required: Users only need to hold SKYRN tokens in a non-custodial wallet on the Polygon blockchain.

  • Passive Earning: By simply holding tokens, users automatically become eligible for their share of airdrop rewards.

  • Diversification: Holders gain exposure to various project tokens without actively participating in multiple airdrops.

  • Time Efficiency: The DAO handles the complex and time-consuming tasks of earning and claiming airdrop rewards.

In conclusion, Skyren's reward distribution system offers a user-friendly and efficient way for SKYRN holders to benefit from a wide range of airdrop opportunities. By leveraging the power of collective action through its DAO, Skyren maximizes rewards and distributes them fairly among its token holders, creating a win-win scenario for all participants.