Loyalty programs have long been designed to reward users for their engagement and commitment. They aim to thank users for the loyalty and incentivize users to keep using the product. But as many of us know, current loyalty programs can often fall short of their purpose.

Current point-based loyalty systems can feel repetitive and uninspiring. Users often face the frustration of waiting for rewards and being uncertain about how much they’ll actually receive. This uncertainty can turn what should be a rewarding experience into a tedious chore, making the loyalty program feel like more trouble than it’s worth.

Our approach to Loyalty

At EnsoFi, we believe loyalty programs should be about genuinely rewarding users for their productive usage. We’re committed to bringing back the true essence of what a loyalty program should be—a way to honor and appreciate those who actively engage with and benefit from our platform.

$ENS Reward System

That’s why we’re excited to introduce our Ecosystem Incentive, where we’re dedicating 25% of the total $ENS token supply to reward our loyal users. This significant allocation is designed to be transparent and direct, ensuring that you clearly understand how your engagement with EnsoFi translates into rewards.

Distribution Challenges

One of our major concerns was ensuring that our rewards go to users who are genuinely engaged and passionate about using EnsoFi. We didn’t want to attract users who are simply looking for airdrops. If we distribute large or significant allocations to such users, there’s a risk that they may dump their tokens immediately after listing. This would put immense pressure on the project, potentially jeopardizing its stability and future.

To avoid this, we focused on creating a distribution strategy that rewards those who truly value and use our platform regularly. By doing so, we aim to build a community of loyal users who are invested in the long-term success of EnsoFi, rather than those who may simply be looking for short-term gains.

Seasons for Reward

To tackle this, we’ve introduced a seasonal reward system. Each season’s rewards will be tailored to the current stage of our product and the sentiment of our community. We’ll be transparent about the allocation for each season in advance, so you’ll always know what to expect and can estimate your potential rewards based on your engagement.

Season 1 $ENS Reward

For Season 1, we’re offering 1,000,000 $ENS to users who actively lend and borrow on EnsoFi

This season, we’re especially excited to attract Solana users and early contributors who have supported us from the start. Your engagement is crucial to our growth, and we want to ensure that those who have been with us from the beginning receive the recognition and rewards they deserve.

Every action on EnsoFi will be calculated as points, which reward users for their activities.

These points are immediately converted into an estimated $ENS Reward that users can view in detail, so you always know how much you’re earning.

Our goal is to reward users who are really using EnsoFi, without adding extra hassle. We aim to make the process straightforward and transparent, so you can easily see your rewards and enjoy the benefits without the frustration of waiting or uncertainty.

• Total Reward: 1,000,000 $ENS

• Start Time: 2nd Aug 2024

• Learn more about how to join here

About EnsoFi

EnsoFi a Peer-to- Peer lending protocol, giving users the ability to lend & borrow at a Mutually Interest Rate

Our vision is to establish a peer-to-peer cross-chain lending platform that allows for the smooth movement and accessibility of assets across different blockchain ecosystems. With EnsoFi, users can borrow assets on one blockchain while using collateral on another, eliminating the need for complex asset bridging between chains.

Learn more about EnsoFi

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