KEY TAKEAWAYS
- SafePal launches a new SFPlus reward pool in partnership with Oasis, offering 28,000 $ROSE tokens to stakers.
- The Oasis Network, utilizing $ROSE, supports fast transactions and confidential smart contracts.
- Participants can join the reward pool by updating the SafePal App and staking SFP, with scores based on staking amount and duration.
- Rewards are distributed hourly, with SafePal reserving rights to disqualify participants for rule violations.
SafePal has announced the launch of a new SFPlus reward pool in collaboration with Oasis, a privacy-focused Layer 1 blockchain. The reward pool will be available from February 18 to February 25, 2025, offering exclusive benefits to SFPlus stakers in the form of 28,000 $ROSE tokens. $ROSE is the native cryptocurrency of the Oasis Network, which aims to provide privacy-preserving and scalable blockchain solutions.
The Oasis Network, powered by the $ROSE token, enables fast transaction speeds and the creation of confidential smart contracts. The token is used for transaction fees and staking to validate on Oasis’s proof-of-stake blockchain. Participants in the reward pool can expect more opportunities with future partnerships and collaborations.
How to Participate in the SFPlus Reward Pool
To participate in the SFPlus reward pool, users need to download the SafePal App and select the SFPlus icon in the wallet section. The app must be updated to version 4.7.7 or above to access the feature. Participants will earn a score based on the amount of SFP staked and the duration of the staking period. The score will continue to accrue as long as the SFP remains staked, allowing participants to automatically join subsequent reward pools.
Staking rules include a base score awarded immediately upon staking and a time-based score that increases by 1% of the base score per day, up to a maximum of 100% bonus. The maximum score per wallet is capped at 5000, with point reductions applied when users unstake their SFP.
Reward Distribution and Activity Rules
Rewards from the pool will be calculated on an hourly basis, with allocations displayed in real-time on the reward dashboard. The hourly reward pool is determined by dividing the total reward pool by the total event hours. Participants’ share of the hourly reward pool is proportional to their individual scores relative to the total score of all participants for that hour.
SafePal reserves the right to disqualify participants engaged in spamming, illegal bulk registrations, or activities that exploit or manipulate the market. The company also retains the right to cancel or amend any activity or its rules at their discretion.
For more details on the SFPlus reward pool and participation guidelines, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
SafePal has launched a new SFPlus reward pool in collaboration with Oasis Network, offering rewards in the form of $ROSE tokens to participants. This initiative reflects the growing trend of integrating privacy-focused blockchain solutions with mainstream crypto platforms.
Recent industry reports indicate a rising interest in privacy-focused blockchain projects. The Oasis Network is highlighted for its support of confidential smart contracts and scalable DApp solutions. This aligns with the SafePal initiative, which leverages Oasis’s privacy and scalability features to enhance its reward offerings.
According to a Changelly report, expert opinions on the Oasis Network underscore its potential for growth due to its innovative privacy and scalability solutions. This supports the significance of SafePal’s partnership with Oasis, as it leverages the network’s strengths to attract more participants and enhance the value proposition of the SFPlus reward pool.
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