LockBoard - SwapX new reward system
@SwapXfi @SonicLabs
What is the LockBoard?
The LockBoard is a reward system that encourages users to lock their SWPx tokens in order to receive veSWPx. It works like a leaderboard, where participants receive rewards based on the amount and duration of locked tokens.
Weekly Prize Distribution 🏆
🥇 USDC 10,000 🔥
🥈 veSWPx 100,000
🥉 veSWPx 50‘000
2x Random ➡️ 1 xNFT 100 USDC
3x Random ➡️ 100 USDC
5,000 USDC for Epoch Dominator
The reward is split among wallets that held #1 the longest.
My opinion 🧠
Locking tokens restricts the liquidity of the SWPx token, which increases scarcity and potentially increases the value of the token.
I think it's a very successful campaign. What do you think?