- The prize fund of the initiative is $21.7 thousand
- Deposit blocking period — 90 days
- User reward depends on the blocked amount
- Anyone can participate, it is enough to have 2 NEAR on your wallet
Today, July 4, the Hapi Foundation announced the launch of a new initiative. The organization opened the registration of deposits in CHICA, HAPI, JUMBO, the holders of which will receive a reward for blocking funds within 90 days.
The total reward pool consists of 1,000 HAPIs, 50,000 JUMBOs, and 12 million CHICAs ($21.7k). The term for registering deposits is 45 days. You can do this by link.
Deposits will be blocked for a period of 90 days. The user can withdraw funds ahead of time, but in this case he will lose the right to reward.
At the end of the blocking period, the deposits will be returned to the owners. The remuneration depends on the amount of allocated capital. The account can be replenished as far as possible.
The term of accrual of “prize” tokens is 2 years. To place a bet, the user’s account must have 2 NEAR. This is required to create a contract. Both it and the reward will be stored directly with the user.
In addition, program participants can also count on a share of governance tokens. But in what volume and when exactly the distribution will take place is not specified. Recall that on the Incrypted website you will find a text extract of the AMA session with HAPI. We also reported that Bitcoin.com has significantly expanded its partnership with this project.