KEY TAKEAWAYS
- SafePal launches a new SFPlus reward pool in collaboration with KiloEx, offering 15,000 $KILO tokens to stakers.
- The reward pool runs from January 14 to January 21, 2025, with no vesting period for the tokens.
- Participants must update the SafePal App to version 4.7.7 or above to join the reward pool.
- SafePal reserves the right to disqualify participants for spamming or market manipulation activities.
SafePal has announced the launch of a new SFPlus reward pool in collaboration with KiloEx, a decentralized perpetual exchange operating on the BNB Chain, OPBNB, and Manta network. The reward pool will run from January 14 to January 21, 2025, offering exclusive benefits to SFPlus stakers in the form of 15,000 $KILO, the utility token of KiloEx. Details of the announcement can be found here.
It is important to note that KiloEx has not yet conducted its Token Generation Event (TGE), which is anticipated to occur in the first or second quarter of 2025. There will be no vesting period for the tokens. Participants in the reward pool can expect more opportunities through future partnerships and collaborations.
How to Participate in the SFPlus Reward Pool
To participate, users must download the SafePal App and update it to version 4.7.7 or above. The SFPlus icon will be visible in the wallet section, where users can select the $KILO reward pool tab. Participants 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 and a time-based score. A base score is awarded immediately upon staking, equivalent to the amount of SFP staked. Additionally, a time-based score of 1% of the base score is added daily, up to a maximum of 100% bonus. The maximum score per wallet is capped at 5000, and scores are reduced if users unstake their SFP.
Reward Distribution and Activity Rules
Rewards from the pool are calculated hourly, based on the individual scores of participants relative to the total score of all participants. The hourly reward pool is approximately 89.28 $KILO, distributed proportionally among participants.
SafePal reserves the right to disqualify participants engaging in spamming, illegal bulk registration, or activities that suggest exploitation or market manipulation. The company also reserves the right to amend or cancel any activity or its rules at its discretion.
SafePal emphasizes that this activity does not constitute investment advice and advises participants to conduct their own due diligence and consult financial advisors before making investment decisions.
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