KEY TAKEAWAYS
- SafePal launches a new SFPlus reward pool in partnership with Karat Galaxy, offering 250,000 $KARAT tokens as rewards.
- Participants can earn rewards by staking SFP, with scores based on the amount and duration of staking.
- The reward pool is distributed hourly, with participants’ shares determined by their scores relative to the total scores.
- SafePal reserves the right to disqualify participants for spam or market manipulation and advises due diligence due to high market risks.
SafePal has announced the launch of a new SFPlus reward pool in collaboration with Karat Galaxy, a blockchain-based gaming platform. The event will run from February 10 to February 17, 2025, and offers exclusive benefits for SFPlus stakers, including a total of 250,000 $KARAT tokens, the core currency of Karat Galaxy.
With a total supply capped at 100 million tokens, $KARAT is positioned as a rare asset within the Karat Galaxy ecosystem. Participants in the reward pool can engage in various activities and earn rewards based on their staking performance.
How the Reward Pool Works
Participants can join the reward pool by downloading the SafePal App and selecting the SFPlus icon in the wallet section. The app must be updated to version 4.7.7 or above to access the $KARAT reward pool tab. Users will earn a score based on the amount of SFP staked and the duration of the staking period.
The scoring system includes a base score, awarded immediately upon staking, and a time-based score, which accrues daily. For example, staking 100 SFP will earn a base score of 100, with an additional point added each day, up to a maximum of 100 days. The maximum score per wallet is capped at 5000, and scores are reduced if SFP is unstaked.
The reward allocation is calculated hourly, with the total reward pool of 250,000 $KARAT divided by the total event hours. Participants’ share of the hourly reward pool is determined by their individual score relative to the total score of all participants for that hour.
Activity Rules and Considerations
SafePal reserves the right to disqualify participants engaging in spam or market manipulation. The company also retains the discretion to amend activity rules as necessary. Participants are advised to conduct their own due diligence and consult financial advisors before making investment decisions, as cryptocurrency investments carry high market risks.
For more details on the SFPlus reward pool and participation guidelines, visit the official announcement here.
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