Earned rewards tokens can be spent for the services or assets inside the platform or withdrawn from NetVRk and exchanged into public ERC20 utility AVR tokens using the redemption model request (with further exchange into cryptocurrency units on external exchanges). This approach provides an attractive rewards model for users, offering them the opportunity to spend their rewards tokens for NetVRk services or monetize them.
NetVRk platform users have the opportunity to earn rewards for their activity. For the rewards system, we are allocating 3.5% of the ERC20 utility AVR tokens in the rewards pool on the Ethereum public blockchain. In this case, we are creating the rewards pool on the Ethereum private chain with the appropriate number of internal ERC20 utility tokens, which will be minted according to the number of ERC20 utility AVR tokens in the Ethereum public rewards pool. The NetVRk rewards pool will have a ﬁxed amount of AVR tokens, thereby providing users with additional incentive to be active on the platform.
Users will have the opportunity to earn rewards for the following tiered activities: Generating trafﬁc Referrals that generate new accounts Bringing new business opportunities, such as partnerships and sponsorships. Popularity of user-created experiences Popularity and quantity of assets added by users Best of all players/developers/artists/ambassadors in NetVRk.
The following are some examples of scenarios that will result in rewards:
- Generating trafﬁc
- Referrals that generate new accounts
- Bringing new business opportunities, such as partnerships and sponsorships
- Popularity of user-created experiences
- Popularity and quantity of assets added by users
- Best of all players/developers/artists/ambassadors in NetVRk