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.

Assets

Acronym

Role

$RATE

Tradable utility token

Wisdom

Reflects credibility and experience

Credits

Non-transferable in-app token

Experience Points

Tracks Bohemian progression

Points

PTS

Reflects performance & rank on leaderboards

Earning Wisdom, Experience & Points

For every check-in, review, and other valuable action within the weRate ecosystem, users earn Points (Pts). The most basic way to earn points is by performing check-ins and leaving reviews. While all earned points contribute to boosting your account’s reputation (Wisdom), not all of them will be contribute to your Leaderboard Rank.

Points 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!

$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.