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Cryptocurrency News Articles

Understanding the 1M $TAUNT Token Airdrop

Aug 09, 2024 at 05:15 am

In times of declining effectiveness of crypto incentive programs, the Taunt Token airdrop campaign has caught the interest of crypto enthusiasts

Understanding the 1M $TAUNT Token Airdrop

The Taunt Token airdrop is a unique $1 million campaign that aims to distribute $TAUNT tokens while encouraging genuine community interaction. Unlike typical airdrops, this strategy takes a unique route—using special Soul-Bound Tokens (SBTs), Engagement Points (EPs), the EP lottery, and the Referral Program.

How Does Taunt Token Prevent Bot Abuse?

Bot activity has been increasing recently, especially when airdrops are involved. This has impeded the efficient distribution of airdrop campaigns and caused a number of issues in various airdrop campaigns. Nonetheless, the Taunt Token's airdrop uses more advanced technology to reward only actual community members. This guarantees an equitable and fair token distribution and is expected to benefit the token valuation at launch.

What are Soul-Bound Tokens (SBTs)?

The Taunt Token incentive scheme is based on non-tradable tokens called Soul-bound Tokens (SBTs). Tokens can be earned by platform-specific activities, such as challenges and referrals. Additionally, SBTs function as a "key" to enable the ecosystem's Engagement Points (EPs) earning system.

How can users get Soul-Bound Tokens?

Earning SBTs requires performing specific tasks. Every week, there is a distinct SBT with criteria set for every community member to complete within that timeframe. Notably, these tokens can't be claimed retrospectively; users must earn them through constant task participation, fostering continued engagement and fair compensation for everyone involved.

How do SBTs Contribute to the Taunt Token Ecosystem?

SBTs are essential to the Taunt Token ecosystem in several ways. First, they are required to obtain Engagement Points, meaning that only dedicated users can accrue rewards. Second, SBTs boost users' chances of winning rewards by acting as multipliers in the weekly EP lottery. Up to 4 SBTs may be awarded to an engaged user who joins at the beginning of a four-week campaign

What are the Different Quests of SBT Activities in Battleworld?

SBT Activities are organized into quests:

Quest 1 (Social)

Thesee initial Quest, which a user must complete before proceeding to other Quests. Activities in this Quest are simple and can be completed quickly. They include;

• Make an account on Battleworld's website.

• Follow Battleworld on X.

• Follow $TAUNT on X.

• Join the Battleworld Discord.

• Join the $TAUNT Telegram.

Quest 2 (Play Battleworld)

• Play a tournament with an Outsider warrior.

• Visit the Gitbook

Quest 3 (Discover Underworld)

• Play Bored of Directors - Battleworld Escape powered by Pipeflare

Quest 4 (Referrals and deeper engagement)

• Complete referrals to the $TAUNT airdrop campaign.

• Retweet a post from the Battleworld X account.

• Make a post on X using the $TAUNT tag.

• Like a Battleworld X post.

Quest 5 (Watch and Earn)

• Watch a Battleworld match

• Play in a Battleworld prediction match

How do Engagement Points (EP) work?

Engagement Points (EP) are the foundation of the Taunt Token reward campaign. Users can earn these off-chain points by participating in various platform activities. In addition to gauging user activity, EP may be exchanged for Taunt tokens. Interestingly, EP's value increases with time, providing a strong incentive for continued involvement and long-term ownership.

How can Users get Engagement Points Daily?

Users may earn EPs through a variety of daily activities. These include possessing and holding certain assets such as Genesis Pass, Genesis Warriors, and Black Magic Warriors, with benefits ranging depending on their rarity and quantity. Additional daily EP-earning alternatives include participating in Battleworld Watch and Earn games and owning NFT fighters of various races and rarity Quests.

How to Earn Extra Engagement Points?

Beyond daily activities, users may earn EPs through a variety of innovative techniques. The referral program awards EPs when referred users obtain an SBT. Users can also spin the Wheel by spending SKULLS on Battleworld's website for a chance to win EPs and other prizes. Additionally, the platform rewards users to perform activities or generate content, with winners chosen by the Battleworld team and community. These multiple alternatives adapt to different user interests, promoting various interactions with the ecosystem.

Benefits of the Referral Program

The referral program for the airdrop campaign has many perks for users with more referrals. The two primary benefits of the referral program are a referral leaderboard and a higher chance of winning the EP lottery. For the leaderboard, a user’s position is based on the number of new users onboarded. Note that additional EP rewards are attached to leaderboard positions with a higher chance of winning in the EP lottery.

How Does the EP Lottery Operate?

The EP Lottery is a weekly event where users may participate using their acquired Engagement Points (EPs). Every EP

Original source:cryptodaily

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