A Quick Intro About Algem and Our Campaign With Archiverse
- Algem partners with Archiverse a one-of-a-kind NFT to represent the learning journey through Algem and Astar Network.
- Archiverse is a well-known 3D NFT building project on Singular (RMRK).
- A contest will be lauch that will reward participants of up to 150 Archiverse-made Algem Dojo NFTs and 20,000 ALGM cash prize
- Campaign starts on October 5th and ends on October 19th.
Here at Algem, our mission is to become the top liquidity hub for Astar Network and Polkadot.
In simple terms, we want to unlock the full potential of your ASTR tokens.
For example, when you’re staking, we want you to be able to get a derivative nASTR token, to do *other* defi activities aside from staking, like yield farming…
That way, you don’t have to choose between staking or farming…
YOU CAN DO BOTH.
Anyways, to make this lofty goal a reality, we’ve introduced two game-changing features:
LIQUID STAKING & LIQUID LENDING
These are two straightforward concepts at their core, but to make the learning experience as digestible as possible, we’ve created two short videos explaining how each feature works.
And to celebrate this…
We’re thrilled to announce we’re entering into a CROSS-PARACHAIN COLLABORATION with Archiverse!
If you don’t already know them, Archiverse is a well-known 3D NFT building project on Singular (RMRK).
During this contest, we’re inviting you to discover Algem…
OUR BIG VISION…
…and the solutions we’re bringing to Astar Network and Polkadot with Liquid Staking and Liquid Lending.
We’re going to reward WINNERS with…
150 UNIQUE and UNFORGETTABLE Algem Dojo NFTs created by Archiverse and a cash prize of 20,000 ALGM!
The insanely talented team at Archiverse created a one-of-a-kind NFT to represent the learning journey through Algem and Astar Network!
“This NFT was offered by Algem to reward all the users who completed the campaign #AlgemDojoContest
The DOJO has been fully developed and modeled in 3D with reference to Algem and Astar’s colors. The building takes its archetype from traditional Japanese craftsmanship while adding neo-futuristic elements to generate a new spatial and visual experience.
The space offered within the dojo is thought of as being, a practice area, a place where you meditate, repeat exercises and celebrate learning. It will allow you to remember your participation in the Algem event.
Along with the #AlgemDojoContest campaign, you perfected your art by completing different quests in order to discover Astar decentralized ecosystem and Algem application.
As of now, you have your personal DOJO which will forever bring back memories of this special time of learning and intimate development. It will allow you, in turn, to transmit the knowledge you’ve learned while bringing in new users.
Realised and built by Archiverse (www.archiverse.art)“
So don’t forget to give them a follow on Twitter.
The NFT will be minted on Astar Network and give you access to the universe created by Archiverse.
To Receive Rewards, You’ll Have To Complete Four EASY Steps
- Watch two videos about Algem’s Liquid Staking and Liquid Lending
- Use Algem’s app and LIQUID STAKE AT LEAST 1000 ASTR
- Take a five-question quiz about Algem features
- Quote Retweet the campaign twitter post, and follow Algem & Archiverse Twitter account.
How We’re Going To Distribute Rewards
We will randomly select one hundred and fifty winners from all eligible participants at the end of the campaign.
THOSE 150 RANDOMLY SELECTED WINNERS WILL RECEIVE 1 NFT.
A prize pool of 20,000 ALGM tokens will be DISTRIBUTED EVENLY TO ALL THE ELIGIBLE PARTICIPANTS.
To be eligible to receive rewards, YOU MUST COMPLETE ALL FOUR STEPS!
Here Are The Parameters for the #AlgemDojoContest Campaign
We want to make it easy for you to participate, so here’s the deal.
We’re only asking you to invest 1,000 ASTR and to stake them on Algem…
As of this writing, $ASTR’s price is about four pennies, which comes out to roughly 40 bucks you’ll need to invest…
The campaign starts on October 5th and runs for two weeks, ending on October 19th.
So far, so good?
Okay, next step, you’ll have to take a 5-question quiz and get 4 out of 5 correct.
AND THAT’S IT.
So to recap…
- Liquid Stake at least 1,000 ASTR on Algem (roughly 40 USD)
- Take the quiz and score at least 4 out of 5.
- Quote retweet and follow Algem and Archiverse on Twitter.
- Do this sometime between October 5th and October 19th.
We will distribute NFT prizes within TWO WEEKS of the campaign ending.
So, by the end of October, you’ll have your NFT if you’re one of the 150 winners.
You’ll get your ALGM rewards right after we go live with our token (approximately towards Q4)…
If so, let’s rock and roll!
Watch These Two Videos To Understand Algem’s Two Main Features
Still Curious About Algem? Learn More Here
If you need more information on how to use the Algem protocol or use your nASTR tokens to farm and maximize your yield on other defi protocols, please visit our documentation:
How to use Algem’s Liquid Staking
Good Luck, And Don’t Be A Stranger!
We hope you enjoyed discovering the Algem ecosystem, and you can find us on our social networks to answer your questions.
We want to thank the Astar Network team for their support and the team of Archiverse for this impressive and unique NFT.
Archiverse is a 3.0 Architectural Company at the crossroad between Metaverses, NFTs, and Architecture. We build projects within Metaverses (buildings, monuments, temples, cities, galleries, etc.) in the form of NFTs. Our ambition is to create high-end collections where you will own your 3D building and be able to insert it easily in your metaverse.
Algem is a dApp built on Astar Network and offers two main features: liquid staking and liquid lending. As the name implies, these two solutions enable ASTR holders to remain liquid with their assets while putting them to work. In addition, the liquid staking and lending solutions allow users to accumulate staking rewards and increase their earnings using Algem’s liquid nASTR tokens across Astar’s Defi ecosystem. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on Astar Network and Polkadot.
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