Amber Wallet Rewards Mechanism

The first way in which you can accrue $WALLET rewards is by simply having funds in  Ambire Wallet. Nothing more is needed, except creating an account with the wallet and moving assets there — once the algorithm recognizes the assets in your portfolio, it will calculate your rewards proportionally to your portfolio USD value over the total USD value held in all Ambire accounts at that moment.

Ambire is pioneering an early-user continuous airdrop, where the rewards mechanism will take into account your balance on all available networks / blockchains (currently Ethereum, Polygon, BSC and Avalanche) together.

Оut of the total of 300 million $WALLET eligible for rewards in general, 205,000 tokens will be distributed each & every day to all eligible wallet users, over a period of 4 years, through this method.

Simply everyone earns $WALLET proportional to their portfolio net worth in US Dollar at all times.

Notes:

• NFTs and low-liquidity assets are not eligible (the Ambire reference for eligible-liquidity coins is here)
• every wallet account with a non-zero balance is eligible, as long as that balance puts the account in the top 50k of Ambire Wallet accounts by balance. As of the 16th of December, there are 7k Ambire Wallet accounts in total.

The second way in which you can accumulate rewards before $WALLET is launched is through special ADX-stakers rewards — as a ‘token’ of appreciation for the veterans of Ambire ecosystem, Ambire Wallet will give exclusive rewards to the ADX stakers that migrate to Ambire Wallet from their current wallet.

Out of the 1 billion total $WALLET supply, a generous 10% goes to ADX stakers, distributed over 18 months as additional staking rewards; this staking reward will be locked (distributed in xWALLET and received only in the Ambire Wallet itself).

The rewards are calculated based on the same formula as early user rewards, based on the USD value of the held ADX-STAKING and/or ADX-LOYALTY tokens. So there’s no actual liquidity mining, no need to deposit LP tokens anywhere.

ABOUT Ambire Wallet
Ambire Wallet is the first DeFi wallet that combines power, security and ease of use, while also being open-source and non-custodial.

RESOURCES
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