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Efinity
January 14, 2022

Rewards

Learn more about the Efinity rewards and how you can receive them

Written by
Esther
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Crowdloan Rewards

1. What are the rewards for contributing to the Efinity Crowdloan?

EFI token rewards: A total of 200 million EFI tokens (10% of total supply) will be distributed to crowdloan contributors, which makes ~279,619 EFI unlocked to the world every single day.

Once reward distribution begins, it will continue for approximately 96 weeks. Rewards will be distributed roughly every 24 hours (in exact terms, every 7,200 blocks).

NFT rewards: Limited-edition Degens will be distributed to the top 250 contributors and an additional 250 will be distributed to random contributors.

2. When will I receive my rewards?

EFI token rewards: Linear vesting of EFI tokens started on the 11th of March. We're finalising updates and polishing Efinity before EFI tokens are sent. Once all updates are finalised, the prorated amount of EFI tokens that they can be claimed will start.

The total amount of EFI tokens will be distributed linearly daily (in periods of approximately 24 hours)  over a 96-week vesting period.

NFT rewards: More details on the NFT rewards distribution will be announced.

3. How do I receive my EFI token rewards?

A step-by-step guide will be published later on so stay tuned to our official channels.

4. Do I get a notification when the EFI token rewards are released?

You will not receive a notification when you receive the EFI token rewards on your wallet address. Once the linear vesting starts, you can expect to receive an equal portion of your EFI token rewards daily until the end of the 96-week vesting period.

5. How do I view my balance?

You will be able to view and transfer your EFI tokens using the Polkadot.js extension (web wallet) by going to your account here.

Upon the Enjin Wallet 2.0 launch, you will be also able to view and manage your EFI tokens on the mobile wallet.

6. How do I know if I am one of the top 250 contributors eligible for the NFT rewards?

We will be publishing a list of the wallet addresses of the top 250 contributors, along with the other 250 addresses that will be chosen randomly for the Degens NFT rewards.

If you've contributed via the Efinity Crowdloan page, you can check this article here to see if you're in the top 250 contributors.

We're updating this article periodically to bring you the latest information about the Efinity / Crowdloan rewards.
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