Dear RealtyX and Debox community!
We're excited to announce the launch of Season 2 of our highly successful vested vDBX Airdrop! Building on the momentum of Season 1, we're offering even more opportunities to earn and unlock value from vDBX tokens.
Season 1 was a major success, propelling us to the top of DeBox's most popular clubs. Over two months, we distributed a total of 10,000 vested vDBX tokens, worth approximately $5,000, directly to our valued RST token holders. This achievement is a testament to the power of Web3 and the synergy between Real World Assets (RWA) and SocialFi.
Get ready to hold your RST, mine more vDBX, and experience new ways to unlock liquidity. Season 2 promises to be even more rewarding. Let's dive into the details!
Understanding Debox and vDBX
DeBox is a social platform where users earn rewards by interacting with the community. vDBX is the ecosystem currency of DeBox, currently off-chain but soon to be on-chain. To maintain a healthy ecosystem, a significant portion of vDBX is currently vested. With mining costs for vested vDBX reaching up to $30,000, we've created a reward model that allows everyone to participate by simply staking RST.
Understanding $RST
RST is a real estate Real World Asset (RWA) token issued by the RealtyX. It is an ERC-20 token on the Base blockchain. As a governance token, RST holders wield significant influence, participating in decisions such as property sales and management. Beyond governance, RST functions as proof of property interests, enabling holders to earn rental income from the underlying real estate.
The true power of RST is unleashed through Web3 composability. By integrating with other projects, RST holders can unlock additional benefits, from exclusive utilities to amplified yields, showcasing the dynamic potential of tokenized real estate.
Haven’t gotten your RST yet? Purchase NOW
Owning RST Allows You to Mine vDBX
RealtyX's innovative reward model empowers RST holders to mine vDBX at minimal cost. As an official vDBX miner, RealtyX accumulates vested vDBX in its treasury wallet. To facilitate seamless management and tracking, we've introduced rxvDBX, a 1:1 mirrored asset of vDBX. This mirrored token is distributed daily to eligible users. If a distribution day falls on a weekend or holiday, it's automatically deferred to the next business day.
How to Mine vDBX with RST
In Season 2, we're introducing a new dynamic to vDBX mining. Instead of directly mining vDBX with RST, users will first need to stake their RST to acquire dbxRST. This new token serves as your mining ticket. If you don't own RST, don't worry! dbxRST can also be purchased on our secondary market. Once you have dbxRST, you can embark on your vDBX mining journey. Let's dive deeper into the process.
Getting Started
Season 1 rewarded participants with rxvDBX for holding RST tokens. Season 2 broadens eligibility by allowing both RST holders and those without RST to participate. Additionally, we've lowered the participation threshold to just $10 worth of tokens, making the airdrop accessible to a wider audience.
RST holders (KYC users)
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Stake: Must stake a minimum of 0.2 RST to receive dbxRST and join rxvDBX Airdrop.
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Unstake: Users must hold a sufficient amount of dbxRST in their wallet to initiate an unstaking process. The amount of RST that can be unstaked is equivalent to the amount of dbxRST held in the wallet.
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Trade: Users can trade dbxRST freely in the dbxRST secondary market.
NON RST holders (NON KYC users)
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Hold dbxRST: User must purchase a minimum of 0.2 dbxRST from the RealtyX official website (on the dbxRST secondary market) to participate in the Season 2 airdrop.
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By Invitation Only: Invitation Code is essential for NON RST holders to participate in the airdrop. These codes can be acquired from existing RST holders or selected RealtyX Builders.
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Convert dbxRST to RST: dbxRST can be converted back to RST. Users need to register an account on RealtyX Platform and complete KYC to initiate the process.
NOTE:
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The staked RST will stop receiving rental earnings. Users prefer earning stablecoin rentals to rxvDBX, they can unstake their RST to continue enjoying rental income or other services.
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Listing your dbxRST does not affect the airdrop result unless the listing order is successfully filled.
rxvDBX Redemption
Users have two primary options to redeem their rxvDBX.
First, once vDBX is officially launched on-chain, users can directly exchange their rxvDBX for vDBX at a 1:1 ratio on the RealtyX Website.
Secondly, RealtyX is excited to announce the upcoming launch of an rxvDBX/ETH liquidity pool, following an overwhelming 78% approval rate from RST holders. This pool will enable users to seamlessly convert their rxvDBX into ETH.
These new features underscore RealtyX's dedication to creating valuable engagement and profit opportunities within the blockchain and real estate ecosystems.
Schedule
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July 31, 2024: End of Season 1
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August 7, 2024: Start of Season 2
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August 14, 2024: Launch of ETH/rxvDBX Uniswap V2 liquidity pool
Engage to Earn More: Our Multiplier System
To reward users based on their level of engagement with the ecosystem, we've implemented a multiplier system. This system calculates a multiplier value for each user based on factors such as their dbxRST holdings, KYC status, and ownership of the Launch Pass NFT. The multiplier range is from 0.1 to 2.35, with higher multipliers unlocking greater rewards.
Your multiplier directly influences your Active Points, a key factor in determining airdrop rewards. Active Points are calculated by multiplying your RST holdings by your multiplier. The higher your Active Points, the greater your potential airdrop rewards.
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Multiplier = 0.1
- All RST acquired through giveaway will give you a multiplier of 0.1
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Multiplier = 1
- Holding 0.2 dbxRST acquired from staking or bought through RealtyX official secondary market will give you the multiplier of 1.
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Multiplier = 2
- The multiplier starts at a base value and increases as a user's dbxRST holdings grow. Reaching a dbxRST balance of 5 will drive the multiplier to 2.
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KYC multiplier = 0.25
- Completing KYC verification grants users an additional 0.25 multiplier. For example, a non-KYC user with a base multiplier of 1.0 would see their multiplier increase to 1.25 upon completing KYC.
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Launch Pass NFT multiplier = 0.1
- Owning a Launch Pass NFT grants users an additional 0.1 multiplier. For example, a user with a base multiplier of 1.0 would see their multiplier increase to 1.1 by acquiring a Launch Pass NFT.
NOTE:
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Giveaway-Only Holdings: Users who exclusively acquire RST or dbxRST through giveaways will have a fixed multiplier of 0.1.
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Minimum Purchase Requirement: Holding at least one RST purchased on the primary market or 0.2 dbxRST purchased on the secondary market is required to achieve a base multiplier of 1.0.
Maximum Multiplier: To attain the highest possible multiplier of 2.35, users must hold 5 or more dbxRST (with at least 0.2 purchased), complete KYC verification, and own a Launch Pass NFT.
The Referral System
We have made the Season 2 Airdrop even more interesting by introducing a Referral System where users earn some percentage for bringing their friends to participate in the programme.
Referrers can earn additional rewards by inviting users to join the airdrop. For each invited user, referrers receive:
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10% bonus on the invitee's daily rxvDBX airdrop rewards.
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2% USDC bonus for each RST purchase made by the invitee.
These referral rewards are calculated automatically based on daily airdrop snapshots and displayed on a dedicated leaderboard, showcasing the number of invited users and total rewards earned.
How to become a referrer
Our referral program offers two tiers:
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Premium Referrers: These individuals are invited to participate and enjoy exclusive benefits.
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Regular Referrers: This tier is open to whoever purchases at least 1 RST on the primary market.
Ready to maximize your earnings?
Join the RST+vDBX Season 2 reward model and start mining vDBX today. Stake your RST, invite friends, and watch your rewards grow. Don't miss this opportunity to be part of the RealtyX RWA revolution. Let's build a rewarding ecosystem together!