Get ready to surf waves in the Algem Splash Marathon!

We are thrilled to announce the launch of Algem Liquid Staking V2—an even more convenient, flexible, and rewarding way to stake ASTR tokens and receive the liquid token xnASTR.

To celebrate this event and give everyone a chance to win additional prizes, we’re launching the Algem Splash Marathon: a short but dynamic promo campaign with a 50,000 ASTR prize pool!

Ready to dive into the ocean of liquidity? Let’s go!

1. What is the Algem Splash Marathon?

The Algem Splash Marathon is an event running until March 31, where every ASTR holder can:

• Stake tokens via Algem Liquid Staking V2 and get  liquid Chainlink CCIP xnASTR tokens.
• Accumulate points to claim your share of the 50,000 ASTR prize pool and ALGM tokens.
• Invite friends through the referral program.
• Earn additional bonuses if you’re an Algemantis Nautilus Pass holder or a user of our previous Liquid Staking V1.5.

Note: Algem Splash Marathon is an additional event to our points program, which will continue after the marathon ends and influence the number of ALGM tokens you’ll receive.

2. How does Splash Marathon work?

2.1. Stake ASTR and earn points

• Minimum deposit: 100 ASTR.
• Go to Algem Liquid Staking V2 and stake your tokens.
• For every 1 ASTR staked, you earn 0.000016666666667 points per hour.

2.2. Share your referral link

• After staking, generate a referral link and share it with friends and followers.
• Referrers earn +10% points from users who stake using their link, while referrals get a +5% point boost for using someone’s referral link.
• The more people you bring in, the higher your position in the leaderboard.

2.3. Be active on social media (Social Splash)

• Share your experience with Algem’s Liquid Staking V2.0 and the marathon on platforms like Twitter, Telegram, YouTube, etc.
• Use hashtags (#AlgemSplashMarathon, #xnASTR).
• Add your referral link to your posts for more visibility.

3. Ride three waves of rewards!

The Big Wave (25,000 ASTR)

The top 15 participants with the most points will share 25,000 ASTR, proportional to their scores.

Tidal Referrals (20,000 ASTR)

The top 5 referrers based on the volume of referred deposits will share 20,000 ASTR, proportional to the amount of tokens brought in. If you have a large network of friends or followers, this is a great chance to earn more!

Social Splash (5,000 ASTR)

A prize pool for those who promote the marathon and share content about their experience with Algem Liquid Staking. The most popular and creative posts will share the prize pool!.

4. Extra bonuses for our OGs

We value our loyal users and want to reward your contribution to Algem’s growth with additional perks!

4.1. Algemantis Nautilus Pass Holders

• Bonus points: +10%.
• Note: To receive the bonus, you must stake using the account that holds your Algemantis Nautilus Pass NFT.

4.2. All Liquid Staking V1.5 Users

• Bonus points: +7%.
• The bonus applies to all users who previously staked using our older version of the application.

Note: To receive the bonus, you must stake using the same account you used for the previous version of the application.

5. Program details

• All bonuses are cumulative. For example, if you’re both a referral and a previous user, you’ll receive a 5% + 7% = 12% boost.
• Bonuses will be calculated and added after the program ends. The dashboard will display only the points you’ve accumulated based on your ASTR deposit.

6. How to participate?

1. Prepare a sufficient amount of ASTR (minimum 100).
2. Visit the application via the link: https://v2.algem.io
3. Stake your ASTR, receive liquid xnASTR, and start earning points.
4. Generate a referral link and share it with friends and followers, using the necessary hashtags.
5. If you own an Algemantis Nautilus Pass or are a long-time Algem user, ensure you use the correct account for staking.

Liquid Staking V1.5 Users

If you choose to continue using nASTR, you will still participate in the campaign, albeit in a slightly different format: points will not be awarded for participation. However, three consecutive snapshots will be taken at random times.

The more snapshots your address appears in, the larger your ALGM allocation will be!

Dive into the ocean of liquidity, claim your prize ASTR, and become part of the most exciting DeFi race of the season. Join the Algem Splash Marathon and take your first step toward even more productive staking on Soneium and Astar Network!

About Algem

Algem is a decentralized application built on Astar Network and Soneium offering two main features: Liquid Staking and Liquid Farming. As the names suggest, these two options let ASTR and ETH holders keep their assets liquid while putting them to work. Stake on Algem’s new Cross Chain V2 platform from Soneium or Astar Network and earn staking rewards in the process. These rewards are automatically compounded for you with the new Reward bearing xnASTR token so you get simplicity, peace of mind and staking rewards ready to claim when you are.

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