Due to the increasing demand for $ZAWA and farm in the pools, it is crucial to maintain a balance between the health of the collection’s floor price and rewards. In the past, the system was being exploited in exchange for points for poor trades. Therefore, we have reworked the system to benefit real traders and flippers and make it more rewarding for them than bad trades.
It is essential to note that we highly recommend using our partner Mintify to ensure your trader points. Orders not processed in the Mintify book will not count towards receiving points. You can buy, sell or bid Eryndor on Mintify to earn $ZAWA Airdrop points and 2x XP on Mintify.
If you want to learn more about ways to earn $ZAWA in the trader pool and maximize your airdrop to token earnings, check out this article.
Buy/Sell/Bid on Eryndor
https://blast.mintify.xyz/blast/0x8b3196566067591611bd63f9a3606645ca238b01
Method 1 — Buy/Sell
Buyers: Buying Eryndor in a buy order will give you +15,000 $ZAWA points!
Sellers: Sellers will earn points based on their profits from a sale! Bad or negative trades are subject to being negative points; the calculation is based on the previous sale of the token and the sale made; the profit or loss will give points as follows:
- Lost trade more than -80%: -25,000 points;
- Lost trade between -80% and -50%: -20,000 points;
- Lost trade between -50% and 0%: -15,000 points
- Lost a trade between 0% and 10%: -13,500 points
- Profit between 10% and 15%: -10,000 points
- Profit between 15% and 50%: +500 points
- Profit betwen 50% and 90%: +1,000 points
- Profit bigger than 90%: +1,500 points
Method 2 — Bid
Bid on the collection to earn $ZAWA airdrop points per minute!
- If the bid is between 0% and 5% in relation to the floor price, the bidder will earn 250 trader points every minute;
- If the bid is between 5% and 10% in relation to the floor price, the bidder will earn 85 trader points every minute;
- If the bid is between 10% and 15% in relation to the floor price, the bidder will earn 10 trader points every minute;
- Bids lower than 15% will not be awarded.
- Points are cumulative for bid size. That’s it, if you have 3 bids eligible for 15 points, you will earn 45 points every minute.
* Sybil wallets are subject to 0 all points and be blacklisted;
* Bids Sells don’t give the “15000 points” per normal sell, bids points are earned per minute;
* ONLY Mintify bids are valid to receive bid points;
* Strategies to “bring down” bids and filling an order to prevent other traders from earning points are valid and are not punishable by the system;
* Strategies to purposely lower the floor price to increase bid points may be punishable by loss of points or blacklisting;
* Max Cap: 10,000 points per minute
Method 3 — Community FP
Periodically, our community talks, and we reach a consensus to deliver extra $ZAWA points to quality trades that aim to increase the collection floor and benefit medium and long-term trades.
Holders and Traders benefit from “flips” that do not harm the collection floor. It is basically an agreement between Eryndor and the Holders/Traders to generate trades that benefit the collection as a whole and its health in the Secondary Market.
To participate, join our Discord Server and follow the “COMMUNITY FP > Start-here” instructions.
What happens if a wallet goes negative or transfers the NFT to another wallet?
If a wallet has negative trader pool points, the negative points will be transferred to the holder pool; if the holder pool is reset, the remaining negative points will be transferred to the social pool.
It is also important to note that the NFT will be attached to the original purchaser’s wallet. In other words, even if the buyer transfers the NFT to another wallet to try to redeem the points lost in a bad trade, the original wallet will be penalized in the same way. This action is also subject to wallet blacklisting and complete zeroing of all points in all pools.
Conclusion
In conclusion, the revamped $ZAWA Trader Points system is a strategic enhancement designed to foster a healthier trading environment, rewarding genuine trading activities while curbing exploitative behaviors. By recalibrating the points system to align rewards with the quality of trades, we aim to support the collection’s floor price and enrich the trading experience for all participants. The collaboration with Mintify underscores our commitment to ensuring trades are recognized and rewarded appropriately, emphasizing the importance of conducting transactions through trusted platforms to qualify for $ZAWA points and benefits.