The Community Tier System is a fundamental part of Iskra’s overall ecosystem, with its unique structure that allows participants to enjoy various benefits and share in the overall value created by the platform.
The ultimate goal is to distribute up to 100% of all platform fees collected from the community rewards pool to the community system participants who operate a network node, stake, and simply use the platform.
Iskra platform participants will receive contribution points (CP) based on platform activity, and all outcomes generated through the platform services will be shared according to the contribution points.
Beginning November 23, 2022, participants can begin tracking their platform activity and earning CP with the latest portal update.
Current Pioneer NFT (P-NFT) holders that have staked their P-NFTs since June 30, 2022 have earned 60,000 CPs for every P-NFT staked. If they have referral bonuses, they would get an additional 10% boost, which is currently at 6,000 per referral and may change in proportion to the P-NFT’s CP.
The Community Tier System integrates the following elements:
- Contribution Points (CP) – given according to platform contribution, which can be checked with on-chain data
- Community Ranking System – calculates community rankings and tiers based on CP
- Community Rewards – platform proceeds that are distributed to the Iskra community based on CP and community tier from the Community Rewards Pool
Below is the current milestone schedule for implementation. Please note that these are subject to change depending on development and other planning decisions, as well as Iskra governance and voting.
Contribution Point Milestones
- 2022 | Q2 – Beta Release
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- Pioneer NFT Staking
- You will get 1 Node Point* per 1 P-NFT staked, and you will get 60,000 CPs per 1 Node Point.
*Pioneer NFT is the right to operate a node, and if it is fully operated, 1 node point is obtained. Currently, all P-NFTs acquire the same node point through P-NFT staking, but after the Node Operating System release, different Node Points will be acquired depending on the operating hours. - P-NFT holders holding and staking a P-NFT from June 30, 2022 until the node operation is available will earn 60,000 CP per P-NFT.
- CPs earned through P-NFT staking are calculated as a cumulative average value when calculating community rankings and tiers in order to recognize more contribution points for participants who staked earlier and longer.
- You will get 1 Node Point* per 1 P-NFT staked, and you will get 60,000 CPs per 1 Node Point.
- Pioneer NFT Staking
- 2022 | Q4 – Official Release
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- Platform Service Usage (starting November 23, 2022) – When using Iskra’s native platform services (Swap, Bridge, Marketplace, etc.), CP is earned in proportion to the service fee paid.
- 1 CP granted when paying service fee equivalent to 1 ISK value.
- ISK value is calculated based on Coinmarketcap price at the time of payment.
- Iskra Governance Staking
- You will get 1 CP per 1 sISK(staked ISK).
- CPs earned through governance staking are calculated as a cumulative average value when calculating community rankings and tiers in order to recognize more contribution points for participants who staked earlier and longer.
- Platform Service Usage (starting November 23, 2022) – When using Iskra’s native platform services (Swap, Bridge, Marketplace, etc.), CP is earned in proportion to the service fee paid.
CPs are valid from the start of the season to the end of the season, and the ranking is reset when the new season starts. CP accumulated before the release of the Community Ranking System will be used for the initial Community Tier calculation and applied before the first season. Users will start with their first tier as determined by the CP they accumulated before the official season started.
Establish your headstart when you start earning CPs now. Visit our blog and whitepaper for details.
About Iskra
Iskra is a single-destination Web3 game platform for developers and players that rewards them for their contribution and participation through a unique community system on the blockchain. This allows stakeholders to take a major part in building the platform for future growth.
Current services include a wallet, DEX, marketplace, NFT Mission Card (daily reward), governance staking and voting, and soon-to-launch Web3 casual and hyper-casual games.
Backed by some of the biggest technology and video game companies in South Korea, Iskra ranks in the top categories for gaming in DappRadar for unique active wallets per day and engagement.
Explore the future of play!