🎁Points & Rewards Program

At LN Exchange, we hold deep appreciation for the invaluable contributions of our earliest supporters and friends. From the very beginning, they have played a pivotal role in nurturing and fostering the growth of our community. Their dedication and enthusiasm have laid the foundation upon which our platform stands today.

In line with our core values, fairness lies at the heart of our reward system. We've meticulously crafted a balanced approach to ensure that every member of our early community is given an equal opportunity to reap the benefits. Whether you've been with us since the inception of Lnfi Network or have recently joined our ranks, rest assured that your participation is highly valued and duly rewarded. We believe that every individual's efforts contribute significantly to the collective success of our community, and thus, we strive to recognize and appreciate each member accordingly.

Additionally, a fraction of the total platform tokens will be allocated to early supporters pro-rata to their points at the end of the Rewards Program. The rewards would have to be claimed by the users at the end of the program.

In our upcoming journey, there are three distinct phases, each aimed at enriching the experience of our community members:

Phase 1: Pre-Launch Marketing

During this initial phase, we're focusing on rewarding:

  • past contributors for their invaluable support and dedication

  • top ranking participants in our Zealy questing

  • selected winners for our upcoming AMAs, Twitter & Telegram Giveaway events

  • traders who trade on Lnfi Network's P2P Marketplace during Phase 1

LN Points will be allocated to the above as a token of appreciation for their role in shaping and nurturing our community.

Moreover, in Phase 1, we're extending our gratitude to traders on our P2P Marketplace. As integral participants in our ecosystem, traders will also receive points, acknowledging their active involvement and contribution to the vibrancy of LN Exchange.

Phase 2: Early Access - Closed Test

Phase 2 marks a significant milestone as we prepare to introduce our platform to a select group of testers through invitation only.

During this phase, testers will play a crucial role in helping us refine and optimize our trading system.

LN Points will be awarded to testers based on their trading activity.

Phase 3: Public Launch

Phase 3 marks the culmination of our journey as LN Exchange prepares for a full-scale launch to the public.

LN Points will be awarded to users based on their trading activity.


PHASE 1 - Pre-Launch Marketing

#1 - Earn LN Points for Past Contributors

LN Points will be allocated to past contributors as per our record as of 17 March 2024 23:59 UTC+8

Eligible historic contributions are as follows:

Past ContributionsRemarks

Trading on Lnfi Network P2P Marketplace

0.05 LN points will be rewarded for every 10,000 sats (equivalent to 0.05 LN points for every US$7 of BTC based on BTC's price of $70,000) traded.

*Minimum requirement: To be eligible, users must have fulfilled BUY orders exceeding the value of 100,000 SATS on the P2P Marketplace before the designated time specified above to qualify. SELL orders will not be considered for eligibility. The calculation of LN points will factor in both BUY and SELL transaction volume.

Fairmint / Lightning Starter Participation

10 LN points for every past Fair Mint participation

Lightning Gift Creations

5 LN points for every gift created

Lock Assets Participation

50 LN points for every Lock Assets event created

#2 - Earn LN Points for ranking on the Zealy Leaderboard

RankingRemarks

Top 1 - 10

2,000 LN points each

Top 11 - 50

500 LN points each

Top 51 - 200

200 LN points each

Remaining

A random number of winners will be selected and awarded 10 LN points each

#3 - Trade on Lnfi Network P2P Marketplace

0.2 LN points will be rewarded for every 10,000 sats (equivalent to 0.2 LN points for every US$7 of BTC based on BTC's price of $70,000) traded.

Minimum requirement:

To be eligible, users must have fulfilled BUY orders exceeding the value of 100,000 SATS on the P2P Marketplace before the designated time specified above to qualify.

SELL orders will not be considered for eligibility. The calculation of LN points will factor in both BUY and SELL transaction volume

Washtrading restriction: Transactions flagged as washtrading may be subject to eligibility at the discretion of the team.

The end date of Phase 1 and the start date of Phase 2 will be announced at a future date.


PHASE 2 - Early Access Closed Test

How to gain Early Access to Phase 2?

Users will earn early access if they

  • Accumulated over a number of LN points (to be announced)

  • Win limited early access giveaways during our side events

  • Rank top 25 on our Zealy Quest leaderboard

Random users may earn early access to Phase 2 by

  • Participating in Phase 1

  • Completing Zealy Quests

Details of Phase 2 [TBD]


PHASE 3

Details of Phase 3 [TBD]


Post-Launch Reward Program

The Reward Program will continue post-launch periodically, albeit on a smaller scale, to recognize and incentivize contributors according to the aforementioned LN Points system.


Disclaimer

  1. Any other fraudulent acts including but not limited to the use of bots shall be disqualified.

  2. Lnfi Network & LN Exchange reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this points & rewards program, the eligibility terms and criteria, the selection and number of winners, and the timing of any action to be done, and all Participants shall be bound by these amendments.

  3. It is important to note that, like any emerging technology, there may be unforeseen risks associated with the use of the platform and its token(s). The protocol and its creators disclaim any responsibility for any losses, damages, or unforeseen consequences that may arise from their use. Users engage with this token at their own risk and should exercise caution when exploring its capabilities.

  4. By proceeding to take part in this campaign, you acknowledge that you do so voluntarily and are aware of the potential risks involved. You agree not to hold the protocol, its developers, or any affiliated parties liable for any adverse outcomes that may result from your interaction with this platform and its token(s).

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