What is CoinList Karma? Introducing Karma system on CoinList

CryptoViet.com September 7, 2021September 7, 2021

CoinList has brought many token sales of popular projects such as those of Filecoin, Blockstack, Solana, etc. But to buy you have to queue in the sale and not everyone can buy it. . To increase the rate of token acquisition, CoinList has launched a reward system called CoinList Karma. So what is Karma and how to earn Karma? Let’s find out in this article!

What is CoinList Karma?

CoinList Karma is a point system that rewards users for participating in value-added activities such as staking, exchange, lending and participating in validation, mining and hackathon programs on CoinList. The more your contribution through CoinList activities, the higher your Karma reward points, helping you to be prioritized in the queue to buy tokens to be opened for sale on CoinList.

How to use Karma

The more Karma you accumulate, the more rewards you will get on CoinList. More rewards will be introduced soon. But for now, users who earn Karma for value-added activities and eligible users with lots of Karma can gain access to the aforementioned CoinList priority queue.

Priority queues will be queued significantly shorter than regular token sale queues and run in parallel. While those in the priority queue have a higher chance of allocating tokens, it is not an absolute certainty. In the last 3 sales, subscribers with around 1,000 Karma or more were invited to the priority queue.

Ways to Earn Karma

CoinList Karma is based on a points system that recognizes and rewards users for value-added activities, including:

• Staking on CoinList.
• Trade on CoinList.co, CoinList Pro, CoinList Mobile app and over-the-counter.
• Mining WBTC, TBTC and EFIL on CoinList.
• Continually participate in the CoinList token sale.
• Participate in experimental publisher services such as NuCypher WorkLock, Oasis ROSE Garden or EGL Genesis.
• Lend or borrow on CoinList.
• Join a validator or mining scheme on CoinList.
• Successfully submitted projects to CoinList hackathons.

CoinList will add more Karmic rewards and more activities to earn Karma in the coming months.

Epilogue

CoinList Karma makes it easy for you to buy tokens during the sale. After CoinList announces other rewards based on Karma points when participating in activities on CoinList, CryptoViet will soon update you with information.

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