Element Storm activity rules changed
The Element Storm campaign will balance the campaign rules at 0:00 UTC on 12 September.
Details of Modification:
Transaction incentive calculation distribution is optimized to be fairer, and the reward interval is replaced by the actual transaction volume so that users at the upper end of the reward interval are not rewarded less than users at the lower end.
The specific changes are:
The volume of NFT transactions in the Element market is 1 eth, and both parties can get 25 $ele rewards; Other amounts, and so on; a Minimum of 1 $ele.
The transaction volume of a single aggregated NFT is 1 eth, and the buyer can get 5 $ele rewards; Other amounts, and so on; Maximum 400, minimum 0.2 ele
In order to be more intuitive, it is modified to return the commission in proportion.
White（ELE） | Green（ELE） | Blue（ELE） | Purple（ELE） | Gold（ELE） | |
Rebate ratio | 10% | 20% | 30% | 40% | 50% |
According to the reward obtained by the buyer, the rebate will be proportionate. The higher the level, the richer the rebate will be
Level | Rebate Proportion | Invite Reward（ELE） | Upgrade standard (ETH) |
|---|---|---|---|
White | 10% | 20 | - |
Green | 20% | 25 | 2500 |
Blue | 30% | 30 | 5000 |
Purple | 40% | 35 | 10000 |
Gold | 50% | 60 | 20000 |
Examples:
User a invites user B to purchase an NFT with a pending order in the element market at a price of 1 eth, and user B can get a trading reward of 25ele.
If user a's level is gold, user a can get 50% of user B's reward, which is 12.5 $ele.
1) Floor price coefficient is added: for projects with floor price lower than 0.01 eth, floor price coefficient is: floor price / 0.01. Balance the rewards of collectibles whose floor prices are too low.
The latest reward formula is:
Reward = basic reward coefficient * pending order price coefficient * aggregate quantity coefficient * floor price coefficient
2)Reduction of reward range for pending orders:
Range of Listing price | coefficient | remarks | |
1 | Listing price ≤ 1.05 Times Floor Price | 10 | |
2 | 1.05 Times Floor Price < Listing price ≤ 1.1Times Floor Price | 6 | |
3 | 1.1 Times Floor Price< Listing price ≤ 1.15 Times Floor Price | 3 | |
4 | 1.15 Times Floor Price < Listing price ≤ 1.2 Times Floor Price | 2 | |
5 | 1.2 Times Floor Price < Listing price ≤ 1.25 Times Floor Price | 1 | |
6 | Listing price > 1.25 Times Floor Price | 0 | No reward |
Only the orders with the top 1% of the aggregate quantity (sorted according to the floor price) will be rewarded, and at least 10 orders will be rewarded (the price is the same, and the priority will be given according to the time first)
3) Basic reward adjustment
Volume（ETH） | Basic reward |
|---|---|
<0.2 | 0.001ELE |
[0.2-0.5) | 0.002 ELE |
[0.5-1) | 0.005ELE |
[1-2) | 0.01 ELE |
[2-5) | 0.02 ELE |
[5-10) | 0.05 ELE |
>10 | 0.1 ELE
|
4. Optimization of gas rebates
Gas fee rebates are modified to 5 ELE rebates for individual own market transactions,
2 ELE for the aggregate transaction, and 50 ELE cap for a single transaction
Valid until 22.11.5