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Announcing: An Algem August, This is The Enormous Incentive Campaign You Actually Want

If you have not heard the news, Algem launched last week, and we are already at $6.5M TVL!

We are keeping the momentum, and to do so, we are launching An Algem August campaign!

What Is An Algem August Campaign?

Simply put, you will maximize your profit when you stake in Algem during August.

Your reward size will depend on Algem’s TVL on September 10th, 2022.

#AnAlgemAugust Campaign Summary

  • Official Start date: August 8th, 2022
  • End date: September 10th, 2022
  • Earning Potential: Depends on TVL on September 10th, 2022 (more details below)
  • Minimum amount to stake to be eligible: 2000 $ASTR
  • Note: you can begin staking before the start date and you will still be eligible for rewards!

Ready To Start Liquid Staking Today To Maximize Your $ASTR Profit?

Support The Project That Will Actually Boost TVL Growth For The Astar Ecosystem

Do you believe in Astar?

Do you believe in Sota’s Web3 Vision?

Do you believe we will surpass this bear market more potent than ever?

If you answered YES! to any of these questions, then…

I implore you to participate in An Algem August campaign!

By participating in this campaign, you will…

  1. Maximize your ASTR token profit
  2. Stimulate Astar Network’s economy
  3. Explore new DeFi opportunities on Astar Network

Algem is collaborating with the other Astar Network protocols and is creating synergies and numerous use cases for our liquid nASTR tokens.

Our partnerships allow all the projects and Astar Network to benefit economically from our liquid staking solution.

Your support is a HUGE benefit to Algem, Astar Network, and Astar dApps.

How?

By switching from Astar dApp staking to Liquid Staking on Algem, you are helping to grow Astar’s TVL and other projects’ TVL.

The Mechanics of the Campaign

We have tied the bonus you will receive with Algem’s TVL calculated on September 10th, 2022. So depending on the final TVL size, you will get a different bonus allocation.

Snapshot will be taken at a random time on September 10, 2022.

For example: if the TVL of Algem is 600M ASTR on September 10th, 2022, the total bonus amount is:

1.8M ASTR = (600M*0.003).

Every address will get 0.003 ASTR * AmountStake at the snapshot timing.

To make it more precise, the more you stake and encourage others to stake, the more BONUS you will get!

We have prepared a table with scenarios of possible rewards depending on our TVL:

Bonus Distribution

The bonus token will be distributed after the campaign (roughly from 15th September) with 30 days of linear vesting.

Conclusion

An Algem August incentive program aims to boost Algem’s liquid staking APR by offering extra rewards on top of the standard staking reward.

Attention!

To prevent cheating with the snapshot we’ll make additional snapshots during the campaign and shortly after its ending. If you try to stake ASTR only on the day of the snapshot and unstake ASTR right after September 10th, you will NOT receive ASTR rewards!

Want To Maximize Your Astar Token Profit And Receive A Huge Gift?

Then DON’T WAIT! Start Liquid Staking Today on Algem!

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