How to participate in the Minterest Community Allocation Event
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 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.
NFT lottery entry 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
Access the whitelisting via confirmation email
10.01.2022 — People who signed up with the Minterest Sign-up Bot in Telegram will receive a confirmation email from email@example.com — 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. This email is not to request funds. This email will only ask you to complete whitelisting steps.
Access the whitelisting via direct access
10.01.2022 — 24.01.2022 — If you have not signed up with the Minterest Sign-up Bot in Telegram — the sign-up is still open here:
10.01.2022 — 24.01.2022 — The email will contain a link for the whitelisting process from firstname.lastname@example.org. Please double check the email address that the whitelisting email was sent email@example.com before clicking on anything.
Then click the link and fill in the whitelisting requirements. To participate in the event, participants must input their email, their sending/receiving wallet address and follow us on Twitter.
Refer and earn: We are excited to see our #NextLevelDeFi community grow, and you can be a part of the journey by referring your friends. You’ll also get a chance to win 1 more NFT lottery tickets for each referral. Read about the 7-figure NFT lottery prize pool here.
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.
NFT lottery updates during whitelisting process
You will receive email updates every second day regarding the total amount of lottery tickets you have earned.
COMMUNITY ALLOCATION EVENT
Community Allocation Event access
24.01.2022 — 27.01.2022 — You will soon receive an email that contains a link to the Community Allocation Event. The event will be open for three consecutive days, and you can deposit up to 500 USDC. 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.
You will be able to make a deposit via Metamask. We support both ETH and BSC networks. Read the following instructions on how to setup up your Metamask wallet for a low gas fee transaction via the BSC network. Click here.
When your funds are deposited, you will receive a final confirmation email. After the LBP token event is completed, you will receive another email notification informing you about the number of MNT tokens secured at the lowest average price in the LBP. 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.