At Global DeFi, rewarding our community members is very important to us. Our Community Reward system inspires participation in the various processes to strengthen the ecosystem and stimulate growth, making it pivot around a reward system.
Employing what we call Participatory-Approach Tools (PAT), the motive is to drive good behavior, ownership, empowerment, and dedication. We have adopted this strategy to promote consistency, effectiveness, innovations, which leads to sustainability, and the ever-increasing value of the native token.
There is no doubt, incentives matter. And one of the pillars of GDeFi is an integrated reward system set-up to direct motivations for the project’s accomplishment and profitability for all who care to join us in our community-led initiative.
Our goal is to allow everyone to give their best to the GDeFi Decentralized Economy. And we are achieving this through a well-thought-out Community Rewards tool.
At the center of our reward system is our native utility currency of $GDEFI. It is the medium used to reward those who behave well and contribute to the success of GDeFi.
As part of our judicious Tokenomics, four percent of the total supply, representing 40,000 $GDEFI tokens to provide rewards to the community that owns the project. We have two distinct areas that assist the governance process, encourage inclusiveness, and build participatory inputs.
These categories are Community and Governance Rewards. Therefore, every six months, Reward Rain will make payouts to our community members who made significant inputs to the running, improvement, and strategies of the GDeFi domain.
This incentive mechanism rewards members who contribute ideas, new concepts, features, identify a bug, build codes, Proof of Concepts (PoC), and anything that advances the GDeFi agenda.
All $GDeFi hodlers, individuals, and community members who voted on any proposal and participated in the governance process are eligible for a payout under this category.
To receive rewards under community rewards, community members, developers, Crypto influencers, content creators, NFT artists, Gamers must contribute an influential concept, idea, feature, and improvements approved by a vote through the GDeFi protocol.
For governance, members with voting rights who exercise it qualify for the bi-annual rewards. It is a matter of being part of the decision-making process.
In both circumstances, members need to satisfy the conditionality of owning 100 $GDeFi tokens in their wallets. However, there is no restriction concerning the period the tokens have to be in the wallet before the snapshots.
Rewards Spur Growth
We strive to attract talents in Blockchain to spearhead innovations characterized with features underpinned by robust security never implemented in Decentralized Finance (DeFi) in particular and the Crypto market in general so that our community will thrive. The purpose is to build the most dynamic governance model and a participatory, decentralized community-led economy on the Blockchain.
This approach necessitates a reward system that encourages everyone to get involved for the general good. In the end, everyone will have a thick skin in the game and work towards the interest of GDeFi and the entire community.
Community effect is everything in the Cryptocurrency industry, and we are not going to underestimate that in any given circumstance. Until you can build a substantial participatory network of members dedicated to their various relative advantages, growth will be elusive.
To learn more about the GDeFi Reward System, read our Whitepaper to be on top of issues. Moreover, our Light Paper is a wealth of information as well.