Owlto Finance, a cross-chain interoperability protocol that raised $8 million, is about to airdrop and the points system will be upgraded.

Cross-chain interoperability protocol Owlto Finance attracted more than 1.6 million users in 206 countries and regions within one year of its establishment. At the same time, the platform has shown significant growth in transaction volume, user base, partner ecosystem and number of network integrations. In order to repay Owlto users for their contributions to the community, starting from June 1, 2024, the Owlto Finance platform has decided to launch an upgraded version of the points program.

Owlto Finance is an intent-centric interoperability protocol with the vision of “connecting the world with AI Agents”. Owlto Finance allows users to trade on over 25 popular platforms including Ethereum, zk Sync Era, Solana, Linea, Scroll, Arbitrum, Optimism, Base, Kroma, Mode, Zora, Starknet, Polygon zk EVM, Blast, Taiko, BNB Chain, op BNB, etc. Fast and secure cross-chain transfers are achieved between L1 and L2 EVM networks, as well as Bitcoin L2 networks such as Merlin Chain, BSquared, Bevm, and BitLayer.

Advantages of the new version of the points system

The upgraded Owlto points plan fully absorbs user feedback and provides a fair and friendly points mechanism for new and old users. This upgrade not only increases the points base of important network cross-chains, but also strengthens the integration with tasks and activities, broadening the channels for users to obtain points. New users can quickly accumulate original points by taking advantage of this upgrade, while existing active users will also receive generous loyal user rewards based on past participation.

It is reported that the points system is the main mechanism for the Owlto platform to transfer power to users. As a certificate of contribution value for Owlto users, Owlto will then issue airdrop rewards to loyal users based on their points ranking. As a project that has just received US$8 million in strategic investment, Owlto Finance is expected to take its first snapshot in the third quarter of 2024.

There are currently four ways to earn Owlto points.

Cross-chain points

Users complete cross-chain transactions on the main network through Owlto Finance. Regardless of the amount, they can obtain corresponding point rewards according to specific point standards. .

From any network across

ETH / BTC / USDC / USDT to the Ethereum network, users can earn 300 points.

From any network across

ETH / BTC / USDC / USDT to Scroll, Arbitrum (including Nova), zkSync Era, Base, Linea, Zora, Blast, Mode, Optimism, XLayer, zkLink Nova, Kroma, BOB, Bitlayer, Polygon zkEVM, Manta, BNB Chain, Astar zkEVM, Starknet, Polygon, Metis, Solana, Mantle, Merlin, B², Core, Zeta, ZKFair, MAPO, BEVM Mainnet and BounceBit network, users can get 150 points.

Cross

wstETH / BNB / USDV / MNT from any network to other networks, users can get 100 points.

It should be noted that this basic cross-chain point reward is an important part of the point system upgrade. During the period from December 6, 2023 to May 31, 2024, the cross-chain points are not affected by the network and the type of cross-chain tokens, and are all 100 points. The updated points system can help cross-chain users obtain higher point rewards.

Not only that, the more cross-chains completed, the higher the points multiplier the user can obtain. The cross-chain points obtained by each cross-chain user are the product of the basic points and the points multiple. For example, after completing 10 cross-chain tasks, the user's points reward is 1.2 times the basic points; after completing 100 cross-chain tasks, the points the user can obtain are 1.5 times the basic points.

Activity Points

Owlto encourages users to participate in various activities within the Owlto Finance platform. During the event, users who complete cross-chain tasks can earn additional event points in addition to basic points. Event details can be viewed on the official website.

The rewards for activity points are generous. By completing the cross-chain activity, you can get double points of ordinary cross-chain + activity rewards. For example, if a user cross-chains from zkSync Era to Ethereum, the activity reward points for this task are 500 points, and the basic cross-chain points are 300 points. At the same time, users who have cross-chained more than 100 times on the Owlto platform can get 1.5 times the points multiplier reward. Therefore, Ta can get a total points reward of "300*1.5 + 500 = 950" for this cross-chain.

Recommendation points

A specific recommendation link will be generated after users connect their wallets on the Owlto Finance platform. All new users who enter Owlto Finance through this link will form a binding relationship with the recommended person after completing the first cross-chain transaction. During the second phase, every time the recommended person earns points across chains, the recommender will simultaneously receive a 10% point reward. During the first phase, the referrer will receive 30% of the points reward.

For example, when a new user generates 1,000 points through cross-chain transactions on Owlto Finance through the referrer's link, the referrer will receive 1,000*10% = 100 referral points.

At the same time, through the recommendation mechanism, the recommender can not only earn Owlto recommendation points, but also share the actual income obtained by the recommender. The rebate ratio of the referral commission ranges from 1 to 1.5 times, and the specific multiple depends on the number of cross-chain transactions of the recommended person. User-generated recommendation link query: https://owlto.finance/rewards

Sign-in Points

In order to maintain the ecological balance of the Owlto platform, this point system update is for sign-in Points rules have been adjusted. Adjust the daily check-in point reward to 2 points. If the user engages in cross-chain behavior that day, he or she will be rewarded with 5 times the points or 10 points after signing in.

#Owlto stated that it attaches great importance to the feedback from community users and will continue to improve product functions and platform mechanisms based on user opinions.