💡Lootbox Incentives
What Are Lootbox Incentives?
Lootbox Incentives are unique reward mechanisms where Thovt DAO members have the chance to earn special prizes. These prizes can range from additional THOVT tokens, exclusive access to special events, NFT's or even Real World Assets.
How Does It Work?
Stake and Earn Loot Tickets: Stake at least $50 worth of THOVT tokens to automatically generate Loot Tickets (LT). The more THOVT tokens you stake, the more Loot Tickets you receive, enhancing your chances in the mini-game.
Snapshot Every 14 Days: A snapshot is taken every 14 days to determine the quantity of Loot Tickets each user possesses. This snapshot ensures fair and regular distribution of LT.
Voting Activities Double Loot Tickets: Active participation in voting activities doubles your Loot Tickets, providing additional rewards for contributing to the governance of the platform.
Enter the Loot Box: Holders of LT can use their tickets to enter the Loot Box, where they have a chance to win exciting rewards.
Diverse Rewards: Inside the Loot Box, you may discover a variety of rewards, including fee discounts, tokens representing real-world assets, THOVT tokens, rewards from our esteemed partners and others.
Increased Chances of Winning: The more Loot Tickets you have, the higher your chances of winning a Chest and receiving valuable rewards.
Why Lootbox Incentives?
Engagement: This system fosters a sense of community and engagement within the Thovt DAO. It creates moments of excitement and anticipation, making the investment journey much more than just financial gains.
Empowering Participation: By linking rewards to activities such as staking and voting, members are motivated to participate more actively.
A Strategy for Sustainability: Motivating members to hold onto their tokens creates a more stable ecosystem and reduces the likelihood of sudden token sales. This helps maintain a stable token price and serves as a thank you to those who are committed to the long-term goals of the DAO.
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