We plan to introduce a variety of rewards soon, but for now users can track their status on the Karma page, and eligible users with a high level of Karma can earn access to the Priority Queue on CoinList.
A crypto withdrawal credit allows a user to make one (1) free crypto withdrawal (up to $100). A withdrawal is defined as removing assets from CoinList. A user can use the credit on any crypto supported on CoinList. The credit covers the cost of network fees. The withdrawal credit expires at the end of the calendar month that it was awarded. The free crypto withdrawal is limited to users with a minimum of 2,000 Karma at the beginning of each month.
Karma is a point system that recognizes your contribution to token networks on CoinList through value-add activities (such as staking, lending, voting on governance proposals, and trading). The greater your contribution to token networks on CoinList, the more Karma you earn. At this time, Karma helps you qualify for the Priority Queue for token sales. The Priority Queue is an invite-only queue for token sales that is significantly shorter than the main token sale queue and runs in parallel to the main queue. We’ll be adding more Karma rewards in the coming months.
Governance Voting Karma will be awarded within a week after the voting period closes.
Token Champion Karma is awarded to users who have registered for sales spanning over at least a year once the latest sale registration period is closed.
Lending Karma will be awarded when funds are locked in the program.
Trading Karma via CoinList.co, CoinList Pro, CoinList Mobile, & WBTC Conversions will appear on your account within a few hours, up to a day.
Karma for participating in (1) active validator or miner programs on CoinList, (2) submitting projects to active CoinList hackathons, and (3) participating in experimental issuer offerings will be awarded at the end of the offering / program.
Starter Karma does not expire. Weekly Karma expires after 18-weeks on a rolling basis.
The Priority Queue is an invite-only queue for token sales that is significantly shorter than the main token sale queue (in the low thousands compared to hundreds of thousands based on recent sales) and runs in parallel to the main queue. While Priority Queue invitees have a higher chance of securing an allocation, an allocation is not guaranteed.
Karma consists of two types of awards: (1) Starter and (2) Weekly.
CoinList Starter Karma is awarded once per milestone activity as outlined below.
Additionally, we reward early adopters by awarding Starter Karma to users who participated in our earliest sales and our most engaged users from the beginning (including partners and founders).
You can also earn this milestone if you participated in token sales prior to 2021.
Weekly Karma is awarded through weekly activities as outlined below. It is issued every Monday and expires after 18-weeks.
Users can earn up to 60 Karma per week for staking locked and auto-staked assets.
Karma is a point system that recognizes your contributions to token networks on CoinList through value-add activities including staking, lending, voting on governance proposals, and trading. The greater your contributions are the more Karma you earn.
Our Karma program is evolving and as it does, we will provide additional information. CoinList retains the right to modify the terms of the Karma program at any time.