Last September, CoinList had announced CoinList Karma, a point system that “recognizes user contribution to token networks on CoinList through value-add activities.”
A high Karma score “helps users qualify for the Priority Queue — an invite-only queue for CoinList token sales that is significantly shorter than the main token sale queue and runs in parallel to the main queue.”
One of the most common requests CoinList receives from their community is “to expand the way users can earn more Karma points.”
The digital asset platform is pleased to announce that users may now “earn weekly Karma points for auto-staking their assets and participating in CoinList Governance.”
Here’s how it works:
0.6% of your weekly auto staking volume (Algo, Celo, Mina, Vega) “is converted to Karma points.” Points are issued once a week on Monday and “expire after 18-weeks.”
Users can “earn up to 60-points per week for all staked assets on CoinList.”
Users that participate in CoinList Governance can “earn 25 weekly Karma per vote in a given week.” Points are “issued once a week on the Monday after the voting period ends and expires after 18-weeks.” Users can “earn up to 50 Karma per week for voting.”
CoinList token sales are “not available to residents of the United States, China, Canada, South Korea and certain other jurisdictions.”
CoinList determines and implements criteria “in its sole discretion to evaluate contributions and assign points to users.”
CoinList does not undertake any obligation “to disclose any deliberation or determination concerning any particular user.”
As covered in April 2022, CoinList announced the launch of CoinList Digital Asset Services. CoinList described the business line as a “new chapter ” for the digital asset firm.
CoinList is a digital asset issuance ecosystem as well as a trading platform. The company has powered many big crypto offerings. CoinList Pro and CoinList OTC Desk target institutional money. CoinList adheres to regulatory requirements in multiple jurisdictions enabling issuers access to global investors.
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