Updated as of January 1, 2024
Iskra operates a community ranking system to make sure all participating community members are rewarded . Your rank depends on how many CP (contribution points) you’ve racked up within a season. Based on that number, you get categorized into one of five tiers and here’s how it works:
The higher your tier, the more benefits you can enjoy. For example, tokens reserved in a community reward pool will be airdropped after being held for a certain period of time. Each tier is distributed with the same portion from the community reward pool, and since there are fewer members in higher tiers, they are always guaranteed a higher reward.
When it comes to participating in the development of projects on our Launchpad, a Diamond tier user will have a higher allocation cap than Gold, Gold will have a higher cap than Silver, and so on. If you’re participating in the Iskra Market, a higher tier user has a better chance of being whitelisted (aka getting early and guaranteed access to mint).
A tier is valid for one season before resetting at the beginning of the next season, and it’s your previous season’s CP balance that determines your standing in the current season. The community tier is calculated every 6 months based on the performance of the previous 6 months.
Note: Distribution of platform rewards will be done after the beta testing period.
Staking Pioneer NFT or operating a network node is one of the best ways to participate and be recognized in the Community Tier System. Similarly, staking ISK tokens is one of the easiest ways to participate in governance and earn rewards, but it also helps increase your ranking.
User contribution points can be calculated by “the number of Pioneer NFTs staked or Operated + the number of ISK staked in the Governance Staking”. For example:
- User A has staked or been operating node with 3 Pioneer NFTs and staked 10 ISK tokens
- 60,000 CP max for each Pioneer NFT
- 1 CP for 1 sISK
- 60,000 x 3 + 10 x 1 = 180,010 CP
- Once the contribution points of all the user wallets have been calculated, the CP ranking of the wallets will be set from the 1st to the last number.
- The community tier will be set accordingly. For instance, assuming that there are 5 million eligible users, the top 1,000 (0.02%) members will be ranked in the Diamond tieer and the next 10,000(0.2%) will be in Gold.
- After a 20% burn, 80% of all the profits generated by all services in the Iskra ecosystem (Bridge, DEX, Marketplace, Stable Swap, Launchpad, Wallet) are paid to the community. Since the remaining 20% of the profits are used to purchase and burn ISK Tokens, it can be understood that up to 100% of the profits are used to boost the value of the community.
- The higher the tier, the more community rewards as well as NFTs and tokens that participants can receive from individual games.
- Scholarship also allows participants to earn additional revenue through NFT rentals and more.
Iskra also aims to encourage user engagement by providing a substantial incentive for those highly engaged users in the community by offering ‘tier boosting tickets’ depending on the level of engagement.
Key Takeaway
Iskra’s engaged community are all rewarded based on their contribution to the platform. CPs are distributed transparently and raise your community rank, helping you climb the community Tiers of Iron, Bronze, Silver, Gold and Diamond. The higher the rank and Tier, the greater the rewards.
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 ranked in the top categories for gaming in Dapp Radar for unique active wallets per day and engagement.
Explore the future of play!