Ecosystem Rewards in the Ofero Network
The Ofero Network rewards its users based on their calculated (𝓥) Value within the ecosystem, which is determined by a variety of factors. The Ecosystem Rewards differ depending on the user’s Tier. Non-Validated users are not eligible for Ecosystem Rewards.
𝓥 - The Value
In the Ofero Network, the symbol 𝓥 represents “The Value”, a Key Performance Indicator (KPI) used to measure a user’s overall worth and influence within the ecosystem. The Value is calculated based on a combination of factors, including token ownership, participation in network activities, and the user’s role in the ecosystem.
By incorporating these diverse components, the Ofero Network creates a dynamic rewards system that encourages user engagement and fosters community growth.
Understanding Your Ofero Network Value - 𝓥
As a holder in the Ofero Network ecosystem, your Value, denoted by the symbol 𝓥, is assessed based on a range of factors. These factors encompass your engagement within the network, your possession of OFE Tokens, and your involvement in various activities integral to the ecosystem.
A primary determinant of your value is your ownership of Ofero tokens (OFE). Your current OFE balance is incorporated into your overall value on a 1:1 basis, providing users with access to a cutting-edge staking system known as Sight Staking.
Sight Staking enables users to fully capitalize on staking rewards in the form of Ecosystem Rewards, which are based on their Value. This is achieved by merely holding OFE tokens in their wallet, eliminating the need for transferring tokens into a smart contract, imposing any lock restrictions, or requiring a bonding period.
Moreover, customized values are attributed to specific activities within the ecosystem. Examples of such activities include engaging in community events as a member or validator, maintaining an active presence on social media channels, and other similar actions as determined by the governance system overseeing the ecosystem.
In summary, the Ofero Network evaluates your Value based on an array of factors, all meticulously designed to incentivize and reward active participation within the ecosystem.
Ecosystem Rewards are governed by an Annual Percentage Rate (APR) that is contingent upon your current Value within the ecosystem. For instance, a Validator with a value of 𝓥120,000 will receive a monthly reward of 1,000 OFE tokens.
Optimize your value to ensure more substantial monthly rewards.
Please note that the Ofero Network Value Calculation Program is currently in Beta mode and may be subject to adjustments without prior notice.