Terms & Conditions
MultichainZ Liquid Staking and Lending Incentivized Quest program: Terms & Conditions
Quest Structure & Objectives
The quest is divided into chapters, each designed to encourage specific participant actions aligned with MultichainZ's growth objectives. Chapters will reward participants for their engagement, with early and consistent participation earning the highest rewards.
Collaborations with Third-Party Platforms
MultichainZ has partnered with platforms like CoinList, Gate.io, Zklink and more to be announced soon, offering exclusive benefits to participants from these communities. Conditions and rewards may vary depending on the partner.
Chapter Allocation & Participation
- Genesis Chapter: 2% (200 million) of the MultichainZ token supply will be allocated to early supporters *depending on participation.
- Chapter 1-4: 15% (1.5 billion CHAINZ) of the total token supply is reserved for these chapters.
Chapter Launch & Duration
Each chapter is active for one month to three months, beginning with a launch announcement. Participants can earn points by completing tasks, with a super booster effect applied if all tasks are completed.
Participation Booster Effects
- Gate Members: Receive a super boost for completing all tasks, plus an additional 35% boost for Genesis phase participants.
- zkLink Members: Enjoy a super boost for every chapter they participate in.
- Community Rewards: zkLink members will receive both CHAINZ and ZKL as rewards from Chapter 1 onwards.
On-Chain Activities
Tasks include staking ETH, providing liquidity, lending and borrowing from pools. Points and rewards are automated via smart contracts to ensure fairness.
Post-Chapter Activity
After a chapter concludes, tasks can still be performed, but points will be earned at a standard rate without the boosted multiplier.
Tracking & Transparency
Participants can track their progress through a real-time dashboard. Transparency is ensured through clear communication about boosted periods, point calculations, and reward distributions.
Wallet Requirements
To qualify, participating wallets must have a minimum of 0.356 ETH at Genesis Coinlist. Thereafter this requirement does not apply to Gate community members and any other Chapters.
Applicability of Tasks & Points
- Social mining tasks do not apply to the CoinList community.
- Point systems for Genesis participants from Gate will still apply.
Incentives for Increasing Multichainz TVL
To encourage engagement and participation within the Multichainz protocol, we are offering incentives to users who contribute to the protocol's Total Value Locked (TVL) by staking their ETH assets. By doing so, participants can increase their revenue streams through the use of staking derivatives, specifically xETH and earn Points which will be redeemable as $Chainz after TGE (Ratio of token to points will be shared at TGE). These incentives are designed to reward participants for their commitment and support of the Multichainz ecosystem, while also enhancing the stability of the protocol.
Unstaking Policy
Participants should note that the ability to unstake assets will be restricted under the following conditions:
No Unstaking Between Chapters: Participants will not be able to unstake their assets at TGE. The staking mechanism is designed to ensure sustained engagement and support for the Multichainz protocol over the course of the quest. And also for future liquidity incentives in the Multichainz protocol.
Unstaking Disabled Until TGE: Unstaking will remain disabled until the Token Generation Event (TGE). The timing of the TGE and any associated changes to the unstaking policy are at the sole discretion of the Multichainz team. This policy is in place to maintain the integrity and stability of the protocol during critical stages of the quest.
Team Discretion: The Multichainz team reserves the right to modify, extend, or make exceptions to the unstaking restrictions based on the needs of the protocol and the overall success of the quest. Any such changes will be communicated to participants through official channels.
Understanding of Protocol Risks and Mechanics
By staking your assets, you acknowledge that Multichainz operates as a decentralised protocol, which includes liquid staking and cross-chain lending mechanisms designed to incentivize liquidity within the ecosystem. Borrowing and lending activities play a key role in supporting this liquidity.
Participants must also understand the inherent risks associated with staking, including market volatility, protocol-specific risks, and the uncertain timescale and duration before the Token Generation Event (TGE) occurs. Finally, the Multichainz team reserves the right to make changes to the protocol, including but not limited to staking rules and TGE timing, in the best interest of the ecosystem. All updates or changes will be communicated through official announcements.
Participants Conditions and Eligibility
By participating in this quest and staking assets, users are agreeing to abide by the following conditions and terms:
Acceptance of Protocol Rules: Participants must fully understand and accept the terms and conditions of the Multichainz protocol, including the rules surrounding staking, unstaking, and the associated timelines. Users acknowledge that their ability to unstake assets is subject to the specific conditions outlined in these terms and is intended to support the long-term stability and growth of the Multichainz ecosystem.
Eligibility Criteria: Participation is open to users who meet the protocol's eligibility requirements, which may include, but are not limited to, factors such as minimum staking amounts, geographic restrictions, and compliance with relevant legal regulations. Users are responsible for ensuring they meet these criteria before engaging in the quest.
Alignment with Long-Term Goals: This staking initiative is designed to align the interests of participants with the long-term objectives of the Multichainz protocol. By staking assets, users are contributing to the overall health and growth of the protocol, enhancing liquidity, and enabling the broader functionality of cross-chain lending and borrowing within the ecosystem.
Risk Acknowledgment: Participants acknowledge the risks inherent in staking within a decentralized protocol, including potential fluctuations in asset value, smart contract risks, and other market dynamics. Users are encouraged to conduct thorough research and consider their risk tolerance before staking their assets.
Commitment to Protocol Timelines: By staking, participants commit to adhering to the protocol’s timelines, including the duration of staking periods and the timing of the Token Generation Event (TGE). Unstaking will not be permitted until after the TGE, and this policy is in place to ensure the sustained engagement and security of the protocol during key developmental phases.
Authority of the Multichainz Team: The Multichainz team reserves the right to modify, adjust, or update the terms and conditions of participation as necessary to respond to evolving circumstances or to enhance the protocol’s functionality. Any changes to the rules, including those related to staking and unstaking, will be communicated transparently through official announcements.
By agreeing to these conditions, participants affirm their commitment to the success of the Multichainz protocol and understand that their participation is crucial to the mutual benefit and long-term success of the entire ecosystem.
Last updated