Loyalty Program

What is Loyalty program in the context of $challenge.gg?

Loyallty refers to the process of participating in a program by committing $challenge.gg tokens to support the platform's operations. As a token holder, you may choose to be in the loyalty program with your tokens in one of two programs: one with no time limit and another with a 3-month limit.

How do I choose between the no time limit and the 3-month limit program?

It depends on your personal preference and financial strategy. If you want flexibility with your tokens anytime, the no time limit program would be suitable for you. If you're looking for potentially higher rewards and can commit to a longer time period, the 3-month limit program may be more suitable.

How is the Annual Percentage Rate (APR) or Annual Percentage Yield (APY) determined?

The APR or APY for the loyalty program in $challenge.gg is directly influenced by the revenue generated on the platform. The revenue comes from entry fees for the challenge tournaments and future transactions on the marketplace. As the platform generates more revenue, the APR or APY could potentially increase.

How are the loyalty rewards paid out?

The rewards are automatically paid out in Ethereum (ETH).

When can I claim my rewards?

You can claim your rewards at any time you choose. There is no fixed schedule or limit on when rewards can be claimed. It's all about your comfort and strategy.

Where do the funds for the loyalty rewards come from?

The rewards are funded from the revenue that the platform generates. This revenue is primarily generated from entry fees for challenge tournaments and future marketplace transactions.

What happens if I contribute in the 3-month limit program and need to withdraw them earlier?

The terms of early withdrawal will depend on the specific rules of the loyalty program. Typically, there may be penalties or forfeitures for early withdrawal to incentivize and reward longer-term participation. For more detailed information, please refer to the specific guidelines associated with each program.