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    Crypto Chain Post
    Home » How Can You Earn Rewards?
    NFTs

    How Can You Earn Rewards?

    News RoomBy News RoomFebruary 3, 2025No Comments4 Mins Read

    ApeChain has introduced an innovative Spotlight Loyalty Program aimed at engaging its community and rewarding active participants. But how does it work, and what makes it unique? Let’s explore the details of this program and how you can benefit from it.

    ApeChain has introduced Spotlight, a unique points-based program aimed at recognizing creators while engaging the broader ApeChain community. This initiative is designed to foster participation and reward both individual collectors and NFT communities.

    How Does Spotlight Work?

    Spotlight operates in seasons, each aligned with specific sponsoring projects. This allows creators to design programs that promote their projects while encouraging active community involvement. The inaugural season focuses on ApeChain NFT communities.

    What Is Season 1 of Spotlight About?

    Season 1 introduces an innovative ranking system with two leaderboards:

    • Individual Leaderboard: Tracks top point collectors who earn exclusive prizes.
    • Community Collection Leaderboard: Determines which NFT communities will have their floors swept at the end of the season.

    The top 10 communities will share a $250,000 floor sweep, while individual collectors can win unique digital assets, including a Bored Ape Yacht Club (BAYC) NFT.

    Which NFT Collections Are Eligible?

    The following ApeChain NFT collections can participate:

    Chimpdenza, Gobs on Ape, Things We Say We Saw, Gs on Ape, TokenGators, Blever Pass, APE PASS by Ape Concierge, MONKEES, FUKU, STK, Daizen, F0lds, sh/apes, Geode Goddess, Cult Utopian Monkey, Ape Gang, Cybernetic Drift, OOGIES, Chumpz by Saints of LA, Zards, Frostbyte, Ugly Kitties, DSNRS, Hop Starz, Nekito, ApeSea, Creative Commoners, The Mich Khan, Chumps, Plush Apes, Pixl Pals, Jimmy, Wanderlust, 555, RILLAZ, DEGEN, Apetoons, DANKEES, Pwimates, Jungle Kingz, ARTLICKY on Apechain, Wyatt’s Wide World, SkitRobots 2.0, DoodRillas, Clay Cosmos Apes, Alien on Ape, Infi Torem’s Street Memories, Bush Babies, Psilly Mutants, Aperillas, TheBlues, Just For Fun, Legless Leo, Sound Crew Collective on APECHAIN, Trenches the Ape AP3.

    How Can You Get Started?

    To participate in the Spotlight Loyalty Program, follow these steps:

    1. Visit the official Spotlight page
    2. Sign up
    3. Complete assigned tasks to start earning points.
    4. Refer friends to maximize your rewards.
    5. Track your points and claim your rewards.

    How Can Participants Earn Points?

    • Participants can accumulate points by completing quests:
    • Tier 1 (300 points): Purchase or sell an NFT (daily activity).
    • Tier 2 (150 points): Mint an NFT on ApeChain (daily activity).
    • Tier 3 (50 points):
    • Hold an NFT featured on Spotlight (weekly accrual).
    • Tag @apecoin or @MagicEden or mention “NFTs on ApeChain” on X.
    • Join the ApeChain Discord and Telegram channels.

    How Do NFT Multipliers Work?

    If a participant owns multiple NFTs from a single collection, they unlock a points multiplier based on the number of NFTs held and the collection’s floor price.

    For example:

    If a collector mints an NFT for 150 points while holding 5 NFTs from Gobs (3.5x multiplier), they earn 525 points (150 * 3.5 = 525).

    If the same collector also holds 11 NFTs from Geez (4x multiplier), they earn 1,125 points (150 * 7.5 = 1,125).

    What Are the Rewards for Top Collectors and Communities?

    Spotlight features two separate leaderboards:

    1. Community Collection Leaderboard

    This leaderboard tracks the total points of NFT collections. The top 10 collections will have their floors swept:

    • 1st Place: $100,000 sweep
    • 2nd Place: $50,000 sweep
    • 3rd Place: $25,000 sweep
    • 4th – 10th Place: $10,000 sweep each

    2. Individual Collector Leaderboard

    Tracks the performance of individual collectors based on their engagement and transactions. The top 4 collectors at the end of the event stand a chance to win:

    • Exclusive real-life experiences
    • A Bored Ape Yacht Club NFT
    • Other high-value digital assets

    Collectors ranked 5–100 will enter a raffle for similar prizes.

    What’s Next for ApeChain’s Loyalty Program?

    ApeChain plans to continuously rotate the featured dApps, ensuring that users engage with new projects and experiences over time. Future updates may include NFT-related tasks, governance participation, and exclusive partnerships.

    Final Thoughts: Is ApeChain’s Spotlight Worth Joining?

    If you are part of the ApeChain ecosystem and enjoy exploring new dApps, the Spotlight Loyalty Program is an exciting way to earn rewards while engaging with innovative blockchain applications. With its unique referral system, real-world rewards, and task-based incentives, it stands out as a promising loyalty initiative. Sign up today and start earning rewards through ApeChain’s innovative ecosystem: Join the Spotlight Program

    Read the full article here

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