Holder Rewards

We have introduced four reward tiers for holders of COSG. Each tier will receive monthly benefits for holding the required amount of tokens for an entire month. Benefits include access to future private NFT shuffles, entry to NFT lotteries, in-game boosts to Champs, free battle passes, and guaranteed access to future planet sales. The table below details the amount of COSG required to qualify for each tier and the associated rewards.

To qualify for a tier you need to hold your COSG for an entire month. Eligibility for monthly tier rewards is determined by two snapshots taken on the 1st of each month. For example, if you have 8,000 COSG staked on Cometa when the snapshot is taken on the 1st of January and your tokens remain in the staking pool when the next snapshot is taken on the 1st of February then you qualify for the Bronze tier. If you add more COSG to the staking pool on Cometa so your total holding is 25,000 COSG when the next snapshot is taken on the 1st of March then you will still qualify for the Bronze tier because you had at least 7,000 COSG at both snapshots. If you maintain your balance of 25,000 COSG when the next snapshot is taken on the 1st of April then you will qualify for the Silver tier. If your amount of COSG reduces to 5,000 before the next snapshot is taken on the 1st of May then you will not qualify for any of the tiers for that month.

Rewards will be distributed shortly after the 2nd snapshot is taken. Rewards such as tokens for future NFT shuffles and planet NFT sales do not expire so they can be used for any future NFT shuffle/sale even if you no longer qualify for a tier at the time of the shuffle/sale. Rewards such as battles passes, in-game boosts to Champs, and the modified dashboard are only valid for a month from when they are distributed. Each wallet may only qualify for one tier during each one-month period and will be assigned to the highest tier it qualifies for based on the amount of COSG held.

Visit our blog for more information about how the COSG holder rewards work:

https://medium.com/cosmic-champs/new-utility-for-cosmic-champs-governance-token-cosmic-gold-e38ede7a3fe0

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