How to participate in the Minterest Community Allocation Event (CAE 2)
04.22 UPDATE: Due to significant market support to prioritise Ethereum as the protocol’s launch network, we are launching on Ethereum first and will launch on Moonbeam later.
AN UPDATED BLOG FOR CAE 2 (SCHEDULED FOR 24TH JANUARY 2022)
As you all know, we launched the #NextLevelDeFi community allocation event last month that was later postponed due to a delay in the Minterest LBP Token Event. All the participants who deposited their funds in the Community Allocation Event were fully refunded, including the gas fees, on 10th of December.
We are incredibly grateful for the support from everyone who participated and put their trust in the Minterest team. Head over to this blog post to learn more about our community allocation event.
In this short guide, we will explain the process of participating in the Community Allocation Event 2 and how you can become a part of the protocol’s growth journey.
Community allocation rewards
Just a recap from our previous guide; in the Community Allocation phase, people who signed up with the Minterest Sign-up Bot in Telegram will have a guaranteed allocation of between 100 USD and 500 USD.
The Community Allocation Event offers the following rewards:
- Guaranteed allocation with the lowest average price in the subsequent LBP. Learn more about how this value is calculated here.
- Activation of all NFT lottery tickets held, the CAE 2 participation being the gateways to win an NFT with APY boosts exceeding 7-figure value-add and access to exclusive pre-mining during the private launch of the Minterest protocol in Q1 2022.
How to participate in the Community Allocation Event
Step 1: Whitelisting
(Opens 10th January 2022)
Access the whitelisting via confirmation email
10.01.2022 — People who signed up with the Minterest Sign-up Bot in Telegram in December 2021 will receive an email from firstname.lastname@example.org. Please make sure to double check the email address once you receive it to avoid phishing attacks or scammers trying to get access to your funds. We will never request funds via email. This email will only ask you to complete the whitelisting steps in our whitelisting software.
Access the whitelisting via direct access
10.01.2022 — 24.01.2022 -The whitelisting can be accessed through our campaign page here: https://minterest.com/nextlevel
10.01.2022 — 24.01.2022 — The email will contain a link to the whitelisting interface. Please make sure the whitelisting email was sent from email@example.com. Then click the link and continue with the whitelisting. To participate in the event, participants must input their email, their sending/receiving MetaMask wallet address and follow us on Twitter.
Once you complete the whitelisting you will receive a confirmation email from firstname.lastname@example.org confirming it. This email will contain your unique referral code and a link to the whitelisting page to confirm your participation status.
Refer and earn
We are excited to see our community grow, and you help introducing the #NextLevelDeFi by referring your friends and getting rewards! You’ll get a chance to win 1 more NFT lottery ticket for each referral. Read about the 7-figure NFT lottery prize pool here.
Step 2: Depositing in the CAE 2
(Opens 24th January 2022)
Community Allocation Event access
24.01.2022 — 31.01.2020 — On the 24th of January 4pm GMT+2 you will receive an email that contains a link to the Community Allocation Event Deposit Interface. The event will be open for one week, and you can deposit up to 500 USDC.
You will be able to make a deposit via Metamask. We support both ETH and BSC networks. Read the following instructions on how to set up your Metamask wallet for a low gas fee transaction via the BSC network. Click here.
Your depositing address will also be your Moonbeam network receiving address (since Moonbeam shares the same wallet address structure as Ethereum and BSC) and will be automatically documented when you connect your Metamask wallet.
24.01.2022 — 31.01.2020 — When your funds are deposited, you will receive a confirmation email, informing you that your funds have safely reached Minterest.
Confirmation of token price
To know exactly how many tokens you will receive through your CAE 2 deposit, you need to wait until the end of the LBP token event on the 11th of February 2022. This day you will receive an email informing you about the number of MNT tokens you have secured in the CAE 2, priced at the lowest average price in the LBP, securing you the best price token price in the whole public event. Read more on how this price is calculated here.
Liquidity bootstrapping pool
More information will follow in a separate article on how to participate in the LBP.
What is Minterest?
Minterest is a decentralised lending protocol. It comes with a unique economic model where the protocol itself captures 100% of the value it creates from interest income, flash loan fees, and auto-liquidation fees which it passes on to its users in return for their active participation in governance.