One of the most exciting changes to the VIM platform is the improvement of its quest reward system.

Previously, rewards were limited to what the platform itself provided, but with this update, quest creators can now set rewards using a wide variety of BSC (Binance Smart Chain)-based tokens and NFTs. This change significantly increases the flexibility of the reward system, giving quest creators more options while opening up new opportunities for participants to earn diverse rewards.

1. Offering BSC-Based Tokens and NFTs as Rewards The biggest change in the new quest system is that quest creators now have the ability to directly set rewards in various BSC-based tokens and NFTs. These assets can be offered as rewards for completing quests, greatly enhancing the flexibility of the system. Whether it's for a whitelist spot, a rare NFT, or a specific token, this update allows for a more tailored and engaging quest experience, providing participants with more motivation and increasing the variety of quests available.

2. Fair Reward Distribution: The 1/n Structure A key feature of the new reward system is the 1/n distribution structure, which ensures that all rewards, after fees, are evenly distributed among participants when a quest ends. This means that participants not only share BSC-based tokens but can also fairly receive NFTs. The distribution process is handled automatically via smart contracts, ensuring that rewards are divided fairly and transparently, giving all participants confidence that they will receive their share of the rewards.

3. Flexibility in Reward Settings: Duration and Amount Quest creators have full control over the duration and amount of rewards. For example, a short-term quest might offer a high-value NFT, while a long-term quest could feature gradually distributed rewards. The flexibility of the system also allows creators to incorporate rewards such as whitelist spots, which can be used to promote upcoming projects. This customizable structure enables quest creators to design rewards that align with the quest’s goals and the level of participant engagement.

4. Advantages of Using Various Assets: More Options and Scalability The ability to use a wide variety of BSC-based tokens and NFTs as rewards strengthens the scalability and interoperability of the VIM platform. It allows for integration with different projects, both within and outside the platform, offering participants liquid and exclusive economic opportunities. This expansion helps attract more users to the platform and boosts VIM’s influence across the broader Web3 ecosystem.

   Conclusion

   With the introduction of a new reward system that supports BSC tokens, NFTs, and other assets, the VIM platform now offers greater freedom and opportunities for both quest creators and participants. Creators have the flexibility to set reward amounts and durations, while participants benefit from a transparent and fair reward distribution system. These changes greatly enhance the platform’s transparency and flexibility. In the next post, we’ll dive deeper into how to set reward durations and amounts when creating quests.