KEY TAKEAWAYS
- SafePal collaborates with Karat Galaxy to integrate $SFP as a payment method, enhancing user engagement through exclusive rewards and new integrations.
- The partnership introduces a token burn mechanism for $SFP, aiming to create scarcity and potentially increase its long-term value.
- SafePal users can stake $SFP to earn KARAT tokens, with a dedicated pool of 516,000 KARAT tokens available for rewards.
- Participants can earn exclusive rewards, including Legendary SafePal NFTs, by engaging with the Karat Galaxy platform through the SafePal app.
SafePal has announced a collaboration with Karat Galaxy, a blockchain-based gaming platform, to offer exclusive rewards and new integrations for its decentralized utility token, $SFP. The campaign will run from December 25, 2024, at 10 AM UTC to January 3, 2025, at 10 AM UTC. This initiative aims to enhance user engagement by integrating $SFP into the Karat Galaxy ecosystem.
The collaboration introduces $SFP as a payment method within Karat Galaxy, allowing players to use the token for in-game purchases, upgrades, and exclusive content. The in-game store will feature a seamless interface, enabling users to select $SFP alongside other currencies for a smooth transaction experience.
Additionally, a token burn mechanism will be implemented, where a percentage of every in-game transaction using $SFP will be burned. This approach is designed to create scarcity and potentially boost the long-term value of the token.
Staking Opportunities and Exclusive Rewards
In early 2025, SafePal users will have the opportunity to stake $SFP to earn KARAT tokens as rewards. A dedicated pool of 516,000 KARAT tokens will be available, encouraging both communities to engage and earn together.
To celebrate the partnership, SafePal users accessing Karat Galaxy through the SafePal app can earn exclusive rewards. These include 100,000 in-game coins, 5,000 NFT Mystery Boxes, and Legendary SafePal NFTs. The Legendary SafePal NFT, valued at over $1,000, offers significant in-game advantages and is available only through this special event.
Participants need to deposit a minimum of 5 SFP into Karat Galaxy for a chance to win the Legendary SafePal NFT, which provides a x3 Hash Power Buff in the game.
Participation and Support
To participate, users must log into the Karat Galaxy Dapp with the same wallet address used during the event. Rewards such as NFT Mystery Boxes and Gold Coins will be sent to users’ accounts within 72 hours after the campaign ends. A raffle will determine the winner of the Legendary NFT.
For assistance, participants can visit the SafePal Discord community and raise inquiries in the #WHO-AND-EVENTS channel. SafePal reserves the right to disqualify participants involved in spamming or market manipulation activities.
For more details, visit the official announcement here.
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