$SOCIAL Season 2 Airdrop

Updated: 20-Sept-2024

Season 2 is the first of monthly seasons where users redeem Phaver Points for $SOCIAL tokens based on Phaver Points, Level, $SOCIAL holdings. The total S2 token release will be 2% of token ($SOCIAL 200,000,000) The Phaver community have one month from token launch (24.09.24 - 24.10.24) to increase potential Season 2 allocation. Claiming will happen in the Phaver app for eligible users on a time announced later.

Eligibility

1. Amount of Points

Each user can only at most redeem as many points as they hold, so gathering more points by posting, phaving and connecting NFTs truly counts.

2. Level

By earning more Cred from connected NFTs and daily activity, users level up and earn higher redemption rates. The maximum amount of Points you can use in a season depends on the level. To increase your Level most efficiently, get a new Phaver Cred Pass NFT from Opensea!

3. $SOCIAL holdings

To reward holders and buyers, the $SOCIAL tokens you hold across all Phaver-connected wallets give you a multiplier on your redemption which can go up to 60x! This multiplier is determined by the 30-day average holdings of $SOCIAL in Phaver-connected wallets. At any point you can check your current total balance and latest 30-day average in your Dashboard (level icon at bottom menu).

$SOCIAL Holding benefits

For maximal earnings, users are incentivized to keep at least a majority of the Tokens they receive. The higher the amount of $SOCIAL holdings, the bigger the multiplier and therefore the bigger the share of the 2% token release at the end of S2. To receive maximal upside, a user should keep building a portfolio of $SOCIAL either by buying from the market or redeeming the monthly seasons where holding the previous round will always increase the multiplier for the next season. $SOCIAL tokens held in Phaver-connected wallets will receive the holding benefits.

For additional details on the Season 2 Airdrop - Visit our Phaver Help Centre article