Valkyrie Protocol Mechanism

Valkyrie Protocol, that is built with the vision of “Share to Earn” and is specifically designed for the activation of DApps across the DeFi ecosystem, introduced Valkyrie mechanism details.

Valkyrie empowers any protocol seeking to achieve a defined marketing objective to create a campaign promoting their project and set a reward structure to incentivize users to participate in their campaign. By providing rewards for target actions, a campaign creator is not only able to promote their DApps, but also incentivize users to expand the range of their experience on the DApp.

What is Valkyrie Protocol?

Valkyrie Protocol’s main goal is to bring users new to the crypto scene, as well those already intimately familiar with cryptocurrencies and crypto platforms, into a single ecosystem in which they are incentivized to engage with new projects.

● Campaign Creation: By using pre-defined templates that specify campaign criteria (e.g., campaign rewards, reward schemes for participation and referrals), a campaign creator can produce a new campaign. Upon the creation of a campaign, the creators may deposit campaign rewards for target actions in the form of any CW20 token. Rewards for sharing/referrals, however, must be deposited in the form of VKR.

● Campaign Participation: Valkyrie is an action-based rewardable system, in which participants are rewarded for accomplishing certain actions as specified by the campaign.

● Campaign Share/Referral: Valkyrie’s structure is based on rewarding participants through a tree-like network,which primary and secondary-level shares are also rewarded (more info on that below). As a result, those who are active and successful in promoting a certain campaign will be able to earn continuous rewards proportionate to their contributions.

📰 INFO

https://medium.com/@valkyrie-protocol/the-valkyrie-protocol-mechanism-6e9f6430d8b8