Everyone loves getting rewarded. Whether there are tasks that warrant the rewards or simply just a gift, the fact remains that rewards really do make everyone smile. Coxena has examined its strategy for the implementation of a reward-based system, which enacts a symbiotic relationship between the Coxena community and the project.
The idea is to engage the community in a series of fun activities which, in turn, become beneficial to the community members and the ecosystem.
A Brief Explanation of What Airdrops Are
Airdrops can be described as a distribution of cryptocurrency or tokens to multiple wallets owned by several individuals usually for free or after performing delegated tasks. The idea is to keep the airdropped token’s project in the minds of participants or to build a new community.
While airdrops might not be the smartest way to garner community members, it is expedient and, more often than not, serves the purpose.
The Coxena Airdop Model
Coxena will make use of an airdrop bot on telegram that will be responsible for allocating, verifying, and collating tasks meted to the community. These tasks consist of activities across Coxena’s social platforms, e.g, liking the posts on Coxena’s Twitter handle, joining the Telegram group and channel, following the official Medium page, and claps on the Medium page. Community members, through the bot, will be able to accrue COX, the official token of the Coxena ecosystem.
The rewards are broken into stages, with the first totaling 500 COX. This is obtained from joining the airdrop through the airdrop bot, and performing very simple tasks. It is important to note that users will be required to solve captcha in order to eliminate bots from compromising the flow of the trend.
It should be noted there is a total of 2M COX available in the airdrop pool. Thus, participating in the three phases of the airdrop increases the chances of the participants getting rewarded as we want active participants only.
Referral Reward
The second stage allows users or community members to earn COX tokens through referring the campaign to their friends, family, and strangers. The reward for this task is 100COX. It is also important to note that 1COX is equivalent to 0.01$ (at the presale price). Users or community members will get a referral link to be used in tracking and convincing.
The process for inviting, commenting, and performing mandatory activities through the registration comes next. Users who satisfy all laid down procedures are expected to submit their details as proofs to ensure that tasks were carried out to the latter. At this juncture, eligible community members will receive the rewards directly to their respective wallets.
Intermittent Rewards
This is the third stage, which allows users to earn more COX by liking and retweeting Coxena’s official posts on Twitter, and clapping for the Medium posts, whenever there is one.
Completing each intermittent-reward phase earns the participants 30 COX
How to Participate
Kindly follow this link to participate. The bot has been created, with simplicity at heart.
VISION
The mid-term aim of Coxena is to make crypto assets management, payment and exchange a lot easier, remittances easy to process, implement a great user experience for domestic money transfer, and make crypto-payment integration a lot easier for service providers.
The long-term goal is to capture the Nigerian fintech market, at the core of expansion to other African countries and beyond.
