What is the Owlto Points Program and why do we need it?

As an interoperability protocol focused on user experience, Owlto has quickly attracted 1.6 million+ users from more than 200 countries and regions in just one year. The platform is expanding at an impressive rate, with significant growth in transaction volume, user base, partner ecosystem, and network integrations.

This remarkable achievement would not be possible without the unwavering trust and support of Owlto users. It's your active participation and valuable feedback that allows us to continually improve and enhance the Owlto community. Therefore, we feel that those who have contributed to the development of Owlto should be recognized, as well as Owlto's upcoming airdrop.

In the core mission of realizing the journey to decentralization, Owlto is committed to empowering every Owlto user to actively participate in and shape the future governance of the platform. As the Owlto ecosystem matures, we thought now was the perfect time to reward new users and launch an upgraded Owlto points program.

As a project that just received $8 million in strategic investment, Owlto is expected to create its first snapshot in the third quarter of 2024. The upgraded Owlto points program is Owlto’s primary mechanism for transferring more power to the community. These points will serve as proof of the value of Owlto users’ contributions, and a portion of the tokens will be distributed as airdrops to eligible point holders.

Owlto Points Program UpdateOverview

The Owlto Points Program is a major incentive program for loyal and contributing participants, including but not Restricted to partners, promoters and users in the Owlto community. Whether you are a loyal cross-chain bridge user, a passionate promoter sharing the Owlto vision, or an active participant in our mission - your loyalty and efforts will be duly rewarded.

Starting from June 1, 2024, the Owlto points program has undergone a comprehensive upgrade. Not only have the base points for network cross-chain bridges been increased, but the system has also been more closely integrated with tasks, expanding the channels for earning points.

This latest reform makes the points system more fair and user-friendly. New participants now have ample opportunity to accumulate points quickly. At the same time, we offer generous incentives to active, long-term Owlto users to continue their deep engagement with Owlto. Owlto is only a year old, so now is the perfect time to explore the ever-growing world of web3 with Owlto!

Whether you are a seasoned veteran or just starting your journey with Owlto, the updated Owlto points system gives you a strong reason to explore the ever-growing world of web3. Start now, it’s not too late!

How to get Owlto points?

I see the gears turning in your head wondering how to accumulate those points. Don’t worry, I’m here to help you – there are four ways to earn Owlto reward points:

1. Cross-chain bridge

No matter how many assets you transfer, complete the cross-chain bridge on Owlto Users who trade are eligible to receive corresponding reward points, based on the basic point reward standards. Not only that, the points you earn will be multiplied based on the total number of bridge transactions you complete on Owlto.

To summarize, users will receive base bridge points for their bridges on Owlto, and the value of the points will increase in proportion to their total transaction volume.

BasicCross-Chain BridgeReward:

# #It should be noted that the basic bridging reward is also an important part of this upgrade. The base points earned per bridge transaction between December 6, 2023 and May 31, 2024, regardless of network or token, is 100.

DoubleMultiplier

The more transactions you complete, the multiplier applied to your points earnings The higher the number. For example, after completing 10 bridge transactions, the multiplier increases to 1.2x; after 50 transactions, it increases to 1.5x; after 100 transactions, it reaches 2x. Details of the multiplier are as follows:

Phase 2 (from December 6, 2023)

Phase 1 (from 2023 June 26 to December 6, 2023)

2.Quests

We encourage users to explore Owlto’s exciting quests, especially those presented on the front end (official website). During a mission, you not only receive bridge points, but you also have the opportunity to earn additional mission points. The more tasks you complete, the greater the rewards that await you.

Task Points Accumulation Example:

User bridges from zkSync Era to Ethereum.

a .Task reward is 500 points for bridging to Ethereum from any network.

b .Users have completed over 100 bridges on Owlto.

• Bridge Points: 300
• Reward Multiplier: 1.5
• Task Reward Points: 500

Thus, users earn through Owlto The total points taken will be "300*1.5 + 500 = 950".

See how many points you can earn in a mission! Detailed planning and timing for each task can be found on our front-end page: https://owlto.finance/

Why not try it now?

3. Recommendation

After connecting the wallet to Owlto Finance, a specific recommendation link will be generated. A new user who has not performed cross-chain bridge transactions on Owlto Finance before will be bound as your referrer after entering Owlto Finance through your referral link and completing his first bridge transaction. Once your referrer accumulates points on Owlto Finance, you will receive 10% of the points generated by your referrer in the current second phase of the referral program. In the first stage, this ratio is 30%.

Example:

A new user generates 1000 points through a bridge transaction on Owlto Finance through the referrer's link and is bound to the referrer.

Therefore, the Owlto points the referrer will receive is:

1000*10% = 100

To generate your referral link, please visit: https://owlto .finance/rewards

Please note that through the referral program, you not only earn Owlto Points, but you also share with Owlto Finance the actual revenue generated by your referrals. Rebate rates for referral commissions range from 1-1.5x, depending on the number of transactions made by your referrals.

So share that link, bring a new partner, and watch your rewards grow together!

4. Sign-in

If the user conducts cross-chain bridge transactions on the same day, sign-in will earn 5 times the points, totaling 10 points.

We attach great importance to feedback from our community, and in line with the concepts of fairness, justice, and ecosystem balance, we will implement this adjustment starting June 1, 2024. Your valuable feedback is important to us and we will continue to improve our products based on your feedback.

More FAQ

Q1: How do I check my current points balance?

A1: After connecting your wallet on the front end, you can see your total points and acquisition history in the navigation bar.

To check your Owlto points, please visit: https://owlto.finance/rewards

Q2: How long does it take for the points to be credited?

A2 : Typically, points will be added to your address within a few minutes of your transaction being executed.

Q3 : What should I do if I notice anything unusual about my points?

A3: If you notice anything unusual with your points, please feel free to contact us via Discord (https://discord.gg/owlto) and we will resolve your issue promptly.

关于 Owlto Finance

Owlto Finance 提供无缝的跨链桥接服务，使用户能够轻松地在各种区块链之间转移资产。它是一个以意图为中心的互操作性协议，“用 AI 代理连接世界”。 Owlto 的桥接产品已经成为 2023 年增长最快的桥梁之一，在200多个国家和地区拥有160万+用户。此外，它还被评为 BTC 生态系统中排名第一的全链互操作性协议，拥有超过150万笔交易。由于其“安全、快速、低价和易用”的特点，它已被超过92个知名合作伙伴如 Arbitrum 、 Linea 、 Base 、 BEVM 、 BSquared 、 Binance Web3 钱包、 Trust 钱包、 OKX Web3 钱包、 zkSync Era 、 Scroll 、 Starknet 、 Kroma 、 imToken 、 Bitget 钱包、 Chainlink 、 iZUMi 等高度推荐。

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