To increase utility and incentives in its community, Afen is introducing a cross-community rewards program.
As part of its launch, they have integrated the industry-leading oracle solution Chainlink. In particular, AFEN is leveraging Chainlink VRF, the most widely used verifiable RNG solution for smart contracts, in order to bring enhanced transparency and fairness to the winner selection process of the program.
The platform have established a reward structure for holders of particular NFTs beginning with the AFROXNFT, which is the first collection of digital items minted on afenmarketplace.com. AFROXNFT consists of 1,000 unique afro-mystical beings minted on the blockchain as NFTs. Holders of AFROXNFT are eligible to participate in the cross-community rewards program.
AFEN will be interacting with several other NFT projects on afenmarketplace.com and other marketplaces, such as OpenSea, Rarible, Foundation, etc. The reason for this is to acquire unique NFTs from several projects to place in a pool.
Once placed, AFROXNFT holders will be eligible to compete for rewards in the pool. They are using Chainlink VRF to provide secure and auditable randomness used to select eligible NFT holders. This will be done on a quarterly basis, with previous winners ineligible for the next round of cross-community rewards. Apart from NFTs in the pool, tokens from AFEN partners will be placed in the pool after the first round of rewards.
Qualified holders will be eligible to continuously reap rewards just by holding $AFEN tokens and an item from the afenmarketplace.com maiden NFT collection; AFROXNFT.
ABOUT Afen Blockchain
Afen is a leading hub for African blockchain-related opportunities with focus on Decentralized Finance, Arts, Real Estate and Education on Binance Smart Chain