Help & FAQs / Karma

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What is the free crypto withdrawal credit?

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.



Other Karma Questions

What is CoinList Karma?

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.

When will Karma appear on my account?

Starter Karma


Staking Karma

  • Auto staked assets (Celo, Mina) Karma will be rewarded once your first staking rewards are distributed to your account.
  • Locked staked assets (Nucypher, Casper, Flow, Rose) Karma will be awarded once the upcoming staking period begins.

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. 


Weekly Karma


Staking

  • Locked staking assets (Nucypher, Casper, Flow, Rose) Karma will be awarded on the Monday after the upcoming staking period begins. 
  • Auto staked assets (Celo, Mina) Karma will be awarded on Monday for the previous weeks’  auto-staking asset balance

Trading

  • Trading Karma via CoinList.co, CoinList Pro, and CoinList Mobile will appear on your account on Monday for the previous weeks’ trading activity.

Governance

  • Karma from governance voting will be awarded the Monday after the voting period closes.


Starter Karma does not expire. Weekly Karma expires after 18-weeks on a rolling basis.


What can I do with Karma?

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.

How can I check my Karma score?

Logged-in CoinList users can find their score on the Karma page, linked from your dashboard.


View my Karma »

What is the Priority Queue?

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. 


How do I earn Karma and when is it awarded?

Karma consists of two types of awards: (1) Starter and (2) Weekly. 


Starter Karma

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). 


Trading

4 Milestone Activities 

  • Complete 6 trades on coinlist.co.
  • Complete 6 WBTC conversions.
  • Complete a CoinList Pro trade.

When will Karma appear on my account?

  • Karma should appear on your account within a few hours, but may take up to a day.


Staking 

3 Milestone Activities 

  • Stake at least 1 asset.
  • Stake at least 3 assets.
  • Stake at least 1 asset for more than 50 days. 

When will Karma appear on my account?

  • Auto staked assets - Karma will be awarded after your first staking rewards are distributed to your account.
  • Locked staked assets - Karma will be awarded after the upcoming staking period begins. 


Lending

1 Milestone Activity

  • Participate in an open lending program on CoinList.

When will Karma appear on my account?

  • Karma will be awarded when funds are locked in the program.


Token Champion

1 Milestone Activity

  • Register for token sales spanning a 1-year period. 
  • The date of your most recent registration must be at least 1 full year after your first registration. For example, if you participated in a sale on July 1, 2022, your most recent registration must be after July 1, 2023. 

You can also earn this milestone if you participated in token sales prior to 2021.

When will Karma appear on my account?

  • This milestone will be awarded after the latest sale registration period is closed.


Governance

1 Milestone Activity 

  • Participate in a governance vote on CoinList. 

When will Karma appear on my account?

  • Karma will be awarded within a week after the voting period closes. 


Weekly Karma


Weekly Karma is awarded through weekly activities as outlined below. It is issued every Monday and expires after 18-weeks


Staking Weekly Karma

Locked Staking

  • 1.2% of locked staked assets are converted to weekly Karma. Locked Staking Karma begins to accrue once assets are locked. 
  • Please note that when converted, the awarded Karma is rounded down to the nearest whole number. 
  • For example, when staking $200 worth of Casper ($200 * 1.2% = 2.4), the calculated amount is rounded down to 2 Karma. 
  • Additionally, if you reinvest your staking reward, the Karma calculation will account for the new amount. 

Auto Staking

  • 0.6% of your weekly auto staking assets is converted to Karma points.
  • Please note that when converted, the awarded Karma is rounded down to the nearest whole number. 
  • For example, when staking $200 worth of Celo ($200 * 0.6% = 1.2), the calculated amount is rounded down to 1 Karma. 

Users can earn up to 60 Karma per week for staking locked and auto-staked assets.


When will Karma appear on my account?

  • Auto staked assets - Karma will be awarded on Monday for the previous weeks’ auto-staking asset balance.
  • Locked Staking Assets - Karma will be awarded on the Monday after the upcoming staking period begins.


Trading Weekly Karma

  • 1% of trade volume is converted to weekly Karma. 
  • Users can earn up to 50 Karma per week for weekly trades on CoinList.

When will Karma appear on my account?

  • Karma will appear on your account on Monday for the previous weeks’ trading activity.


Governance Weekly Karma

  • Users will receive 25 Karma for voting in each proposal, capped at 50 Karma per week. 
  • Karma is awarded the Monday after the voting period closes.

When will Karma appear on my account?

  • Karma will be awarded the Monday after the voting period closes.

What is CoinList Karma?

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.


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