Earnings & Rewards
During BETA and prior to TGE users will earn CREDITS when performing actions in app. Beta league leaderboard rank rewards are part of the airdrop campaign.
When engaging with weRate's ecosystem a user will encounter 4 key assets that can be earned or won as rewards.
$RATE
$R
Tradable utility token
Wisdom Points
WP
Reflects credibility and experience
Credits
C
Non-transferable in-app token
Experience Points
XP
Tracks Bohemian progression
Earning Wisdom & Experience Points
For every check-in, review, and other valuable action within the weRate ecosystem, users earn Wisdom Points (WPs). The most basic way to earn WPs is by performing check-ins and leaving reviews. While all earned WPs contribute to boosting your account’s reputation, not all of them will be converted into Leaderboard Points.
WPs not only add to the overall credibility and social status of your account (Wisdom), but they are also used to calculate Leaderboard Points and determine your ranking on all qualifying leaderboards!
Check-In
2
5
Review Rating
4
10
Review Commentary
5
10
Review Pictures
3
10
Upvote
1
0
Receive an upvote
2
0
$RATE REWARDS
WeRate's utility token is fundamental to a users in-app progress and overall usage of the app. $RATE can be earned through leaderboard rewards. The higher you rank, the more $RATE you'll win.
$RATE rewards are defined by weRate's Reward Pool which operates through a monthly allocation mechanism that are spread over the active public leaderboards that operate weekly, monthly & quarterly.
To be eligible for $RATE rewards a user must rank in the top 50% of a leaderboard with the only exception of Rarity leaderboards where that limit is raised to top 30%. If a user was ranked on the weekly or monthly general leaderboard but did not qualify for $RATE rewards he will be awarded 25 Credits.
Credit Rewards
Users can earn Credits by completing achievements quests or if they ranked on a general leaderboard but failed to earn $RATE.
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