HOW THE BOUNTY DISTRIBUTION WORKS- THE “ENTRIES“
We don’t know how many people will participate in the bounty, so instead of tokens we give you “entries”.
What does it mean?
Each bounty participant gets entries for performing all kinds of actions (like liking a Facebook post, retweeting, etc.). You are able to know how many entries you have earned so far by looking at the top of your dashboard.
So, how do I know how many tokens I’ve earned?
Until the bounty is over, you won’t be able to know how many tokens you have, but how many entries! And why is that? Because we don’t know how many people will participate, and we want to make sure you will get a great number of tokens at the end.
OK! So let’s say the bounty is over- how do I know how many tokens I have? Easy math! let us walk you through the calculations.
The bounty pool contains 2% of the total NKR supply (4M tokens).
First- we will divide this number (4M) with the total number of entries earned during the bounty.
let’s say I won 1000 entries and you won 4000, and we are the only 2 people participating, then the total number of entries is 5000.
Second- we will calculate how many tokens equals 1 entry.
In our example, 4M tokens : 5000 entries = 800 tokens for 1 entry
Now, we can calculate how many tokens we’ve earned!
If I earned 1000 entries, and each entry worth 800 tokens, I have 800,000 tokens!
That’s awesome! and how will I get those precious tokens?
That’s awesome! and how will I get those precious tokens?
No worries!
After the bounty is over we will take some time to validate all actions and make sure you met the requirements and qualified to get your entries. We will publish a spreadsheet with your winnings, so you can make sure all is in order and contact us if you spot any problem.
We asked you to give us your ERC20 wallet address upon registration- so eventually, the tokens will be automatically send to your wallet within 60 days from the tokens issuance date.
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NOTE!
We used the numbers above to make it easy to understand! In fact, many people participate in the bounty program (and not just 2), so the numbers will change! The distribution depends on how many people will participate and the number of tokens they will earn. The only number that is fixed is the number of tokens we will distribute at the end: M4 NKR tokens.
