Phaver, the leading social app on Lens Protocol, has announced a new way to reward some of its over 50,000 weekly users with the first native on-chain rewards, the Phaver-Up NFTs. These “Phaver power-ups” have utility built into Phaver’s gamified social system and will also reward some of the early users holding it with preferential access to future launches.
Some of the native benefits for the holders include one of the highest Cred and Point reward categories on Phaver, access to exclusive features and a gated Holder Community with access to support and alpha insights from the Phaver team. New benefits will be added frequently, making these NFTs extremely beneficial for their holders also in the future.
The Genesis Edition of Phaver-Ups has been capped at 2000 free, tradeable, ERC-721 NFTs, available on Polygon in cooperation with Magic Eden. The distribution will happen in a series of weekly whitelists on Magic Eden, as well as airdrops to key contributors and winners of weekly Phaver Points-based auctions, which will provide the first opportunity to redeem the in-app currency for rewards outside the app.
The exact ways to be eligible for either an airdropped NFT or participating in the highly coveted weekly whitelist will be announced in posts from the official @phaver account on Phaver and Lens, but, overall, high-quality social activity and connecting all your on-chain assets to your Phaver profile are some of the key ways. While a large share of the NFTs will be granted to early users as a thank-you for being part of the journey before others, there are also many opportunities to qualify as a new user.
In the first phase, Phaver has been honing our in-app gamification to be highly resistant to bots and farming, and now we are ready to start rolling out on-chain reward mechanisms with full custody and liquidity, starting with the Genesis Phaver-Ups to reward early believers, says CEO of Phaver, Joonatan Lintala.
In Phaver’s gamified social economy, users are rewarded for connecting wallets and e.g. completing a privacy-safe proof-of-personhood facial scan, with credibility, or “Phaver Cred”. This helps keep multi-accounting at bay and rewards users for building their own social graph by connecting all their on-chain assets in one place.
Besides Cred, users also earn Phaver Points that will be the main source of future on-chain rewards. Points are earned by creating high-quality posts and helping others discover them by Phaving, which rewards users for selecting their favorite posts each day as long as others agree, building a new kind of decentralized content discovery mechanism.
The first batch of Phaver-Up NFTs will be airdropped to Phaver-connected wallets of some early contributors soon, followed by the minting of the first batch on Magic Eden on 10th April at 4 pm UTC by whitelisted early users who will be notified about eligibility via Phaver app push notifications 1 day before the mint. The only place for minting the NFTs is Magic Eden; any other links will be fraudulent and may lead to asset loss.
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