Loyalty Rewards Program
Last updated
Last updated
The Loyalty Rewards Program encourages users to refer others and share promotional content. Rewards are distributed based on milestone achievements. Engagement Rewards drive platform visibility and growth by rewarding users for referrals, social shares, and content milestones, reinforcing community engagement and outreach. It recognizes long-term loyalty and ongoing contributions to the platform, modeled to discourage opportunistic users from benefiting without genuine participation.
Loyalty Rewards are managed using an Epoch System. The Epoch System sets a defined time period (e.g., one week or one month) during which players earn points. At the end of each epoch, points reset, and the total available tokens for that epoch are distributed proportionally.
Key Features of the Epoch Loyalty Reward System:
Fixed Duration: Each epoch lasts a set period of days, with reward distribution at the end of the Epoch. (e.g., 1 week, 1 month).
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Pool Allocation: Each epoch has a predetermined number of tokens allocated for distribution to players.
Participation Weight: Points from the current and previous epoch determine a user’s reward share.
Eligibility: To remain eligible, users must earn at least 1 point in the last two epochs; inactivity results in a reset.
Positive & Negative Points: Positive points for engagement and referrals; negative points for competitor platform use.
Loyalty Reward Points are earned across four categories:
Referrals: Points for inviting new users (capped at 500 points per epoch).
Each referred and newly registered user: 10 points
5% of the points earned by referred users (including negative points) during their first 3 months on the platform
Milestone example: Referring to 10 users in a month.
Engagement: Points for community engagement (capped at 500 points per epoch).
e tweet each week that mentions the platform: 20 points
Being present in the platform’s Telegram and Discord groups: 1 point per day
§ Milestone example: Sharing a post with a reach of 10,000.
o Platform Token Activity: Points for holding and spending IGGT tokens (capped at 1,500 points per epoch).
§ Each 1,000 IGGT tokens held on the platform (for the whole day) awards 1 point per day
§ Each 1,000 IGGT tokens spent on the platform award 1 point per day
o Platform Token Liquidity: Points for adding liquidity (capped at 100 points per epoch).
§ You earn 1 point per day for every 100 USD of liquidity added to the IGG token (the proof of liquidity is done by depositing the LP tokens on the platform). They can be withdrawn at any time after the initial lockup period.
The way the system works is as follows:
People earn points based on their daily platform participation
The sum of the points from the different categories forms the user’s participation weight.
At the end of the Epoch, the player’s contribution is the sum of points for the current epoch plus half of the points from the previous epoch.
Token Allocation and Conversion Process - At the end of each epoch, the total points accumulated by all players determine the proportion of tokens each receives. The Conversion Formula is as follows:
Example:
• Total Points Across All Players in the Epoch: 1,000,000 points
• Total Tokens Available: 100,000 tokens
• A player with 7,500 points this Epoch and 5,000 points last Epoch would receive:
§ They would have 10,000 points contributing to their participation weight (based on 7,500 + ½*5,000), which would be 10,000 / 1,000,000 points or 1%
§ 1,000 Tokens Received