Finceptor Testnet V2.0 Reward Distribution

Information on the reward distribution for Finceptor's second testnet run.

Gm testnet v2.0 testers,

After a long journey of testnet v2.0, now it’s time to announce the reward distribution. Reward distribution is determined by the Zealy Quest XPs (40%), in conjunction with participation in the Testnet Sale phases (60%), including KYC (40 pts), Staking (10 pts), Registration (10 pts), Staking Round (20 pts), Public Round (10 pts), and Claiming (10 pts). There are three airdrop tiers based on the total points accumulated: tier-III (24 pts - 49 pts), tier-II (50 pts - 69 pts), and tier-I (70 pts - 100 pts). In total, there are 6360 testers who’re eligible for the airdrop.

3834 testers are in tier-III, receiving $10 worth of allocation and 20 FINC tokens. 2324 testers are in tier-II, receiving a $50 allocation and 200 FINC tokens. 202 testers are in tier-I, receiving a $100 allocation, 500 FINC tokens, and 10 FCT tokens.

You can find the list of eligible participants in this link.

Important Notes

• Allocations can only be used in the first 5 deals after the FINC token generation event. If there are any private sales on the platform before the FINC token TGE, the granted allocations can’t be used.

• Allocations can only be used in one deposit. For example, if you have $50 worth of allocation, you can’t split the $25 allocation for one deal and the $25 allocation for another deal. All allocations must be spent on a single deal.

• Users are not obligated to deposit as much as their allocation amounts. The allocation amount is the maximum they can deposit. For example, if the user has a $100 allocation, then they can deposit up to $100. Note that if the user deposits less than $100, then the remaining allocation can’t be used anywhere.

• Users must register for the deal to claim the allocations. For each and every deal, there will be a registration period, an on-chain signature signing event for collecting demands and accumulating allocations for the deals. For individuals who do not register in the five deals on the platform, they won't be eligible to claim their assigned allocations.

• The FINC token airdrop operates under a vesting mechanism. Individuals who qualify for the FINC airdrops will encounter a one-month cliff period, followed by a linear daily vesting period (DLV) over the next four months.

• All FINC tokens must be claimed in the official claiming portal. The official link will be disclosed in the following weeks.

• All FINC tokens must be claimed in the first 12 months, followed by the TGE event. Any unclaimed tokens will be returned to the treasury.

• All FCT tokens must be spent in the first 12 months, followed by the official FCT contract deployment, which will be announced in the community channels. Otherwise, those on-chain identities will be blacklisted, and their USDT reserves will be frozen.

• According to the latest token launch metrics, the listing price will be 0.1 USDT, meaning that, for example, those accumulated 500 FINC tokens can claim $50 IDO-priced tokens ($0.1 x 500 FINC = $50). However, note that the listing price or other token launch-related metrics are subject to change over time.