The much-anticipated Phaver Coin Token Generation Event (TGE) has officially launched, and there’s no better time to get involved! Through the Bybit Launchpool, users can stake $SOCIAL, $USDT, or $MNT and earn a share of 90,000,000 $SOCIAL tokens for free. If you’re already familiar with Phaver and its decentralized social ecosystem, you know this is an exciting opportunity to grow your holdings. If you’re new to the platform, don’t worry — we’ll walk you through how to earn $SOCIAL on Bybit and maximize your rewards in Phaver’s Season 2 Phairdrop.
1. Bybit Launchpool: How to Earn Free $SOCIAL Tokens
The Bybit Launchpool is offering users the chance to stake assets and earn $SOCIAL tokens as a reward. This is your opportunity to earn part of 90 million $SOCIAL for free, just by staking your assets.
Ways to Earn $SOCIAL on Bybit Launchpool:
a) Stake $SOCIAL
If you already hold $SOCIAL tokens, you can stake them directly on the Bybit Launchpool to earn more $SOCIAL. This option allows you to grow your token balance while supporting the Phaver ecosystem.
b) Stake $USDT
If you prefer Tether (USDT), you can stake your stablecoins on the Bybit Launchpool. This allows you to earn $SOCIAL while keeping your capital stable, offering a safe yet rewarding method to get involved in the social token space.
c) Stake $MNT
For those who hold $MNT (Mantle) tokens, this is another staking option. Stake your $MNT and earn free $SOCIAL as part of the 90,000,000 token pool.
📅 Event Period:
- Start: Sep 24, 10 AM UTC
- End: Oct 1, 10 AM UTC
The earlier you stake, the more $SOCIAL you can earn, so make sure to jump in early!
📈 Stake Here to Earn: Stake on Bybit Launchpool
🌐 Learn More About Bybit Launchpool: Full Details Here
2. Why Stake on Bybit Launchpool?
Staking on Bybit Launchpool offers several key benefits:
a) Earn Free Tokens
Staking your tokens on Bybit Launchpool allows you to earn $SOCIAL tokens for free. The more you stake, the more you earn, with no risk of losing your original stake.
b) Flexible Staking Options
You can unstake your tokens anytime during the event. This flexibility ensures that you can manage your investments easily without locking your tokens for long periods.
c) High Yield Potential
With a total of 90,000,000 $SOCIAL tokens up for grabs, there’s significant yield potential for early participants. The earlier you stake, the better your chances of securing a larger share of the rewards.
3. Phaver Season 2 Phairdrop: Increase Your Rewards!
Phaver Season 2 is now live, and with it comes the Phairdrop, offering even more ways to earn $SOCIAL tokens. If you participated in Season 1, you’re already familiar with how the Phaver ecosystem rewards its community. Now, Season 2 takes it up a notch by allowing you to increase your potential allocation over the next month.
Key Factors for Earning More in Season 2:
a) Earn More Phaver Points
The amount of Phaver Points you accumulate will directly affect your $SOCIAL token redemption. Engage with the platform by posting, phaving, and connecting NFTs to boost your point total.
For those yet to join, visit playstore or appstore to install the Phaver app, use our code freecoins24 to get 1000 points when you enter level 2.
b) Level Up for Higher Redemption Rates
Your Level in Phaver is crucial for earning more tokens. By earning Cred from connected NFTs and daily activities, you can level up and redeem more Phaver Points. The higher your level, the more tokens you can redeem. To level up faster, consider getting a Phaver Cred Pass NFT from OpenSea.
c) $SOCIAL Holdings
The more $SOCIAL tokens you hold, the bigger the multiplier on your redemption rate. This multiplier can go up to 60x based on your 30-day average holdings of $SOCIAL across all Phaver-connected wallets. The higher your average holdings, the greater your rewards.
4. The Token Allocation Formula: How it Works
In Season 2, the total pool available for redemption is 2% of the total supply, or 200 million $SOCIAL tokens. Your share is determined by multiplying your Points used in the season by your Holder multiplier and dividing it by the sum of all redemptions.
Example:
- If you’re a Level 5 user with 250k Points and a multiplier of 3x from holding 110k $SOCIAL, your total share would be 750k.
- If the combined total of all users’ Points and Multiplier results in 750M, your share of the 200M $SOCIAL pool would be 0.1%, or 200k $SOCIAL tokens.
The more Points you earn and the higher your multiplier, the larger your share of the pool!
5. $SOCIAL Holding Benefits in Season 2
To maximize your earnings, it’s beneficial to hold a majority of your tokens. Instead of traditional staking, simply holding $SOCIAL in Phaver-connected wallets will automatically grant you the benefits of the multiplier. Keep in mind that exchange accounts are not connected to Phaver, so tokens held in centralized exchanges (CEX) won’t earn you these benefits.
To increase your earnings:
- Keep building a portfolio of $SOCIAL by buying from the market or redeeming monthly Phaver points.
- Every month, your holdings can increase your multiplier for the next season, making it a compounding benefit.
Additionally, Phaver will soon launch in-app wallets that allow for gasless use of $SOCIAL in-app, enabling you to boost visibility, earn more from phaving, and unlock exclusive content.
Conclusion: Earn $SOCIAL and Maximize Rewards in Phaver Coin TGE and Season 2 Phairdrop
With Phaver Coin’s TGE live and the Bybit Launchpool open for staking, there are endless opportunities to earn $SOCIAL tokens for free. By staking $SOCIAL, $USDT, or $MNT, you can secure your share of the 90,000,000 tokens available.
As Phaver’s Season 2 Phairdrop continues, you can increase your rewards by collecting Phaver Points, leveling up, and holding $SOCIAL to gain a higher redemption multiplier. Whether you’re new to Phaver or a returning user, now is the perfect time to take part in both events and grow your $SOCIAL holdings.
For more insights on crypto staking and decentralized social tokens, visit our Defi Guides.
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