POWA is a Rune token issued in the 2024 halving block that represents the theme of individual sovereignty—POWA to the people! The POWA website is https://www.powatothepeople.com/.
POWA was issued to those who accumulated points during the POWA Campaign. POWA can be traded on the Sovryn dapp on both BOB and Rootstock.
The POWA campaign gave users the opportunity to earn points toward a POWA Rune token that was etched on Bitcoin in the first halving block. The details of this campaign are recorded here for reference.
- 1 point per 1 voting power (VP) for stakes at the user address established before the campaign
- 10 points per 1 VP for stakes at the user address established after the campaign begins
- 10 points per additional 1 VP resulting from re-stakes at the user address established after the campaign begins
- 10 points per additional 1 VP resulting from stake extensions at the user address established after the campaign begins
- Daily top staker - the address that added the most VP on a given day—will get a 10% points bonus on the staking points earned that day.
- Weekly top staker - the address that added the most VP on a given week will get a 10% points bonus on the staking points earned that week.
- 25 points for every 1 DLLR net value imported into Babelfish. The net value imported is measured from the start of the campaign until the end of it. Net imports are defined as USDT/USDC/DAI deposits from Ethereum or BSC minus withdrawals of those assets.
- 10 points for every 1 DLLR net value added to the SOV/BTC or DLLR/BTC AMM pools. The net value added is measured from the start of the campaign until the end of it.
- 1 point for every 1 DLLR value traded on the Convert page in the dapp or the swap or spot page in the alpha dapp. Swaps involving MYNT, ZUSD, and DLLR↔DOC may be excluded.
- Daily top importer, the address that imported the most stablecoins in DLLR value on a given day, will get a 10% points bonus on the points earned in the trading category—imports, AMM net deposits, and swaps—that day
- Weekly top importer, the address that added the most stablecoins in DLLR value in a given week, will get a 10% points bonus on the points earned in the trading category—imports, AMM net deposits, and swaps—that week.
See the Influence leaderboard for the current quests points breakdown
- The following Sovryn OGs user categories will each get a 5% bonus on their points in the Trading and Staking leaderboards:
Sovryn EarlyUsers (pre-Genesis sale users)
Genesis Sale participants
Origins Sale participants
NFT holders that used their NFTs
Address that voted in Bitocracy in the past 12 months
Sovryn Ordinal Holders
- OG bonuses are capped at 10%.
- No OG bonuses will be given in the Influence leaderboard
- OG bonuses will be given only to the addresses active in the past 12 months before the start of the campaign.
1,000,000,000,000 (1 Trillion) POWA tokens will be minted in total.
- 30% of the POWA rewards will be given to the addresses in the Staking leaderboard.
- 30% of the POWA rewards will be given to the participants in the Influence leaderboard.
- 20% of the POWA rewards will be given to the addresses in the Trading leaderboard.
- 20% of the POWA pool is reserved for POWA pre-sale and marketing.
¶ Fair Play and Beneficial Activity
- Participants in the POWA Points campaign must engage in fair play and conduct activities that benefit Sovryn and the program. Any actions contrary to this campaign's intention may result in disqualification, points removal, or other penalties. Rules are subject to change if necessary to maintain fairness and uphold the spirit of the campaign.
- Our points calculations are meticulously crafted, but we acknowledge the inherent complexity. Bugs can emerge unexpectedly. We pledge to scrutinize our calculations for any bugs and mistakes continuously. Calculations corrections may result in point changes. Our commitment lies with fairness, so if a bug skews results, we’ll rectify it promptly.
The POWA points campaign will last between 04.03.2024 00:00 UTC and when the POWA token launches around the halving.