KEY TAKEAWAYS
- SafePal collaborates with SoSoValue to launch the Wallet Holder Offering (WHO) on December 24, 2024, offering exclusive rewards in SoSoValue Index ($SSI) tokens.
- The SoSoValue Index (SSI) provides a secure and transparent passive crypto investment solution, simplifying DeFi complexities.
- Participants can earn rewards by completing tasks and staking SafePal’s native token, $SFP, with a 10x multiplier advantage.
- The campaign introduces new Web3 projects and assets, with rewards distributed on the Base blockchain.
SafePal has announced the return of its Wallet Holder Offering (WHO) in collaboration with SoSoValue, a comprehensive crypto analytics tool. The event is set to commence on December 24, 2024, at 12 PM UTC, operating on a first-come, first-served basis until all rewards are claimed. Participants will receive exclusive rewards in SoSoValue Index ($SSI) tokens, introducing a new asset class for Web3 and crypto users.
The SoSoValue Index (SSI) is a spot crypto index protocol built on a purely on-chain architecture, supported by trusted third-party custody partners. It offers a secure, transparent, and low-cost passive crypto investment solution, simplifying the complexities of the DeFi landscape and individual token selection.
Details of the WHO-SSI Campaign
The WHO-SSI campaign will feature four index tokens: MAG7.ssi, MEME.ssi, DEFI.ssi, and USSI (hedged). Each token represents a curated basket of spot crypto assets, constructed using transparent rules and rigorous methodology to track major crypto sectors. These tokens will be available for trading on Uniswap on the Base blockchain and through SafePal Swap within a week of launch.
A total reward pool of $100,000 USD worth of $SSI tokens has been allocated for this campaign. Participants will qualify for five different reward tiers based on the asset values in their SafePal wallet addresses and completion of specific tasks. The campaign aims to introduce participants to new Web3 projects and assets, starting with a quiz about SoSoValue and its innovative Index Tokens ($SSI).
Participation Requirements and Rewards
To participate, users must complete two primary tasks: answering a quiz about SoSoValue and verifying the value of assets in their SafePal wallet. The asset value is determined by averaging three snapshots taken on December 20, 21, and 22, 2024, at 12 AM UTC. Participants can also boost their reward tier by staking SafePal’s native token, $SFP, which will be multiplied by 10, providing a significant advantage.
Participants can stake additional $SFP tokens during the event, with a 14-day lock period required for the 10x multiplier to take effect. The price of each SFP token is calculated based on the average price from the snapshots, valued at $0.687, resulting in a boosted value of $6.87 per staked token.
After completing the tasks, participants can claim their $SSI rewards, which will be sent to their wallet address on the Base chain approximately 30 minutes after confirmation. The ‘Claim’ button will finalize the reward tier, and no further staking will be allowed to boost asset value post-claim.
For more details, visit the official announcement here.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
