In the world of cryptocurrency when a new project launch, the first thing every project do is to attract the community to there project by introducing a giveaway to there user few coins as an appreciation. This is how projects are attracting people to join and get to know about there project and intrested investors can invest during the ICO.
For PYNK it is totally different, they have introduced the Wisdom Points(WPs) and Crowd Points(CPs).
By the name, it says monthly contest, but in the end, it all depends on how much you stake on a daily basis.
What is the prize money for a monthly contest?
- Top 20 user with a high stake of CPs will be rewarded each with $10 USDC.
How to collect CPs?
Crowd Points(CPs) are not designed to be bought, sold or exchanged. CP's are the value used to understand if you are making a positive contribution. CPs are your earned activity points and to earn more CPs, you need to be an active member of the Pynk Crowd. You will be rewarded CPs for almost every completed action and the most simple and effective is by logging in will reward you with 300CPs every day. The Pynk Crowd size is limited to 10,000 so CPs will ensure that you are contributing to the Pynk Crowd as an active member.
Because Pynk is looking for active members in there Crowd so If you are not logging in which will result in a deduction of 150 CPs per day as a penalty.
How to get in the top 20 of Monthly Contest?
To be in the top 20 it is not important to stake higher every day but you have to be smart. Let say you predict with high stake but your prediction was not the worst on that day and you are at the bottom of the daily contest, it means you will be reward less WPs from the Reward Pool, but If you predict with low CPs you will not be rewarded high WPs but comparing to what amount of stake will be around about equal to what you get in WPs so still it is a win-win situation, you still have more CPs in your wallet and on the day when you are more confident with your prediction, you can get to the max staking, that is 10%, and if you were right you will get high WPs.
- High staking of CPs with low or no confidence in your prediction is a waste of your CPs.
- Low staking of CPs with high confidence in your prediction is like wasting a big opportunity.
- Low staking of CPs with low or no confidence in your prediction is a smart move.
- High staking of CPs with High confidence in your prediction is a smart move.
- So, choose wisely and you will be the winner in every aspect.
- Predict every day, which is the key aspect of PYNK.
If you have not joined it yet then don't waste the time and register, do not be left out of 10,000 members: PYNK COMMUNITY
If you want to know more about PYNK:
