Get Ready for the Lootex Founder’s Badge

The new badge will be available to Lootex community members who stake a minimum of 1000 $LOOT tokens and lock for a minimum of 1 year to become liquidity providers.

At Lootex, we are all about building ways to connect gamers with in-game assets in the most convenient, user-friendly ways, and we value the voice of each Lootizen.

To build a solid product and service, we introduced the $LOOT token in January 2022 to incentivize and encourage community participation as we build Lootex’s future. For those who went above and beyond to invest heavily in Lootex’s vision, we want to recognize your commitment to the project.

To do that, we are offering a symbol to indicate you are a founding member who was crucial in our journey of building Lootex. By being a holder of the Founder’s Badge, you’ll have access to a variety of favors. Read on to find out more!

What is a Founder’s Badge?

The Lootex Founder’s Badge represents your commitment to Lootex. Only those who were involved in building our path to the future will own the badge.

What does the Founder’s Badge look like?

It’s an anatomically correct heart. The NFT comes with an original audio track that accompanies the 3D visual elements. There are three variations — Purple (level 3), Gold (level 2), and Silver (level 1).

What do the levels mean?

The Purple Founder’s Badge (level 3) is legendary. Gold (level 2) is epic. Silver (level 1) is rare. Each wallet can only hold one Founder’s Badge, and the badges are not transferable.

How can Lootizens acquire the Founder’s Badge?

If you’re after the Purple Founder’s Badge, you will have to do this before April 24, 2022:

• Stake and lock 10,000 $LOOT for 1 year, or
• Contribute and lock at least 10,000 worth of tokens in the ETH/LOOT liquidity pool or BUSD/LOOT liquidity pool for 1 year.

For the Gold Founder’s Badge, do this before April 24, 2022:

• Stake and lock 1,000 $LOOT for 1 year, or
• Contribute and lock at least 1,000 worth of tokens in the ETH/LOOT liquidity pool or BUSD/LOOT liquidity pool for 1 year.

The Silver Founder’s Badge will be dropped and can be claimed on the 24th day of each month, and users will have to:

• Stake and lock 1,000 $LOOT for at 1 year, or
• Contribute and lock at least 1,000 worth of tokens in the ETH/LOOT liquidity pool or BUSD/LOOT liquidity pool for 1 year.

What benefits do the Founder’s Badges provide?

There are plenty!

You’ll be whitelisted for free mints. Lootex offers our community chances to be whitelisted for top NFT projects, and Founder’s Badge holders will have even better chances. For example, for the Zombie Club NFT collection, we organized a raffle to give out 12 whitelist spots to our community and 6 spots to Founder’s Badge holders.

You will have the opportunity to receive airdropped PFP NFTs. Our previous airdrops include the Lootex Badge and the Doge Dad crypto celebrities collection. And there’s more to come.

Founder’s Badge holders can participate in launchpad presales. Lootex has formed collaborations with more than 50 game projects, and we are developing our own launchpad. Members of our community can participate in item presales if they complete missions developed by Lootex or the games’ teams. Founder’s badge members, however, will be able to participate in earlier rounds or be exempted from mission requirements. This can lead to opportunities to win limited genesis NFTs that may be difficult — or even impossible — to acquire at any other time.

Are there any other perks for holding the Founder’s Badge?

Holders can participate in crossover NFT minting as well as contribute to Lootex’s charity and donation events.

Also, the Founder’s Badges give holders access to special events held online or in-person. These include exhibitions, NFT art fairs, and access to special offline events.

How can Lootizens stake $LOOT or ETH to earn the Founder’s Badge?

All staking is done at lootex.vault.inc (Ethereum) and bsc.lootex.vault.inc (BNB Chain).

As mentioned above, you can choose to stake and lock $LOOT in our single-sided staking pool, or provide liquidity in our LOOT/ETH or LOOT/BNB liquidity pools.

For additional information about $LOOT token staking, check out our detailed walkthroughs for doing this on Ethereum and BNB Chain.

Good luck, and we look forward to seeing Lootizens become Founder’s Badge holders!

About Lootex

Lootex is a player-centric cross-chain NFT trading platform that shares the latest blockchain game info. We are devoted to building a gamer-centric game asset marketplace where gamers can easily browse, trade, and buy game assets across multiple blockchains.

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