How It Works
In the inCredbull Earn ecosystem, users immerse themselves in a hyper-casual investment-themed game designed to engage, educate, and reward. By participating in inCredbull Earn, users embark on a distinctive and gratifying journey that seamlessly integrates gaming, lending, and community interaction. The platform provides a user-friendly experience, enabling easy sign-up, exploration of quests and campaigns, point accumulation, leaderboard progression, and conversion of points into a multiplier, ultimately translating into the $CBL tokens received by the user.
Upon registration, users unlock access to the inCredbull Earn dashboard, serving as the centralized hub for exploring an array of quests, campaigns, and activities spanning multiple channels including social, gaming, and on-chain endeavors. These curated opportunities cater specifically to crypto and investment enthusiasts.
As users engage with diverse quests and campaigns, they accrue points based on their level of involvement and performance. Each activity carries a designated point value, rewarding users for their time, effort, and commitment. Through task completion, milestone achievement, and demonstration of skills and knowledge, users accumulate points, advancing within the platform. These points are then tabulated and tiered to yield a distinctive multiplier reward in Credbull’s $CBL token.
Fig 5: inCredbull Earn cycle of engagement, point-based tiering and $CBL token rewards
Beyond serving as indicators of individual achievements, these earned points contribute to users' standings on the leaderboard, showcasing the top performers within the inCredbull Earn community. This fosters a healthy competitive spirit and serves as motivation for users to ascend the ranks and establish themselves as community leaders. Moreover, as users amass points, they unlock various tiers, each offering exclusive multipliers that amplify the value of their rewards.
Token Buyback and Rewarded
A particularly exciting aspect of inCredbull Earn lies in the $CBL rewards. Each month, users receive Credbull’s $CBL token in accordance with their tiers, procured by Credbull through a third-party market maker in the public market. Crebull does not giveaway tokens as is, but instead, we buy CBL tokens to reward our community. The capital utilized for $CBL purchases stems from profits generated by our Fund. Half of the tokens bought are burnt (deflationary), and the other half is given to the community as rewards. These $CBL tokens hold tangible value and can be utilized for a multitude of purposes within the Credbull ecosystem (covered in our token utilities). Higher tiers offer more advantageous multipliers, incentivizing users to actively engage with the platform.
inCredbull Earn Ecosystem Funding & Rewards
$CBL Token Buyback: To sustainably fund the inCredbull Earn ecosystem, Credbull implements a regular buyback of $CBL tokens from centralized exchanges through 3rd party market makers. The amount of tokens purchased is equivalent to 1.0-2.0% of the Total Value Locked (TVL) in the platform, and is funded from the operating profit of the Fund.
$CBL Token Rewards: 50% of the purchased $CBL tokens are distributed as rewards to inCredbull Earn users on a monthly basis. The $CBL reward allocation is based on a user's tier performance, with multipliers of 4x for Tier 1, 2x for Tier 2, or 1x for Tier 3 (These are suggested multipliers which will be voted on by the community).
$CBL Token Burn: The remaining 50% of the bought-back tokens are permanently removed from circulation through a burning mechanism. This process continues until the total supply of $CBL tokens is reduced by half, introducing a deflationary aspect to the token economy.
Fig 6: inCredbull Earn ecosystem funding and rewards
In addition to the direct rewards, $CBL earned through inCredbull Earn have various utilities within the Credbull ecosystem. These utilities may include access to exclusive features, voting rights, or locking opportunities, further enhancing the value proposition for $CBL holders. Moreover, the platform employs deflationary mechanisms to ensure consistent value accrual of $CBL, benefiting long-term holders and active participants.
Updated 3 months ago