In a few days, some of you will receive the third batch of FAssets Songbird test rewards.
A new feature has been introduced: a lottery system to make supporting FAssets even more fun 🎟
Here's how the lottery works:
1/ Recap
After the successful open beta on Coston, we launched the Songbird test for FAssets on Dec 18.
Within a month, $XRP and $DOGE were added, with FXRP consistently 100% minted due to high demand.
This new feature aims to boost much needed redemptions to free up more lots🔋
2/ Incentives
To make testing more rewarding, there is a $260K prize pool, with around $37,000 in rFLR distributed every 2 weeks.
To encourage users to redeem FAssets, 80% of the incentives are dedicated to this purpose.
The lottery system adds an exciting dynamic ⚡
3/ Lottery
The lottery rewards participants who redeem FAssets when total minted lots exceed 75% of the total lot capacity for each FAsset.
There will be 50 prizes available:
• 1st Place: $10,000 USD in rFLR
• 2nd to 49th Places: Each receives $400 USD in rFLR 🍀
4/ Redeem to earn lottery tickets:
No. of Tickets = Redemption Lot Size × Reward Multiplier
Example: Redeem 1 lot of FDOGE at 20x multiplier = 20 tickets
Redemptions from Jan 13 onwards earn tickets if requirements are met.
Check your ticket count on minting platforms 👇
5/ Try now!
Click 'How it works' on the minting platforms to learn more.
Redeem and win now—there are a few days to maximize your chances to win up to $100,000 in prizes 🔥
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