Lootex Base Summer FAQ — Everything You Need to Know is Here!
Q: How does Lootex ensure the fairness of the Base Summer event? What are the policies?
Lootex Base Summer FAQ -Everything You Need to Know is Here!
Q: How does Lootex ensure the fairness of the Base Summer event? What are the policies?
A: Lootex places great importance on protecting the rights of all platform users and maintains an “always-on” anti-sybil attack system. If any suspicious activity is detected, the associated accounts will be excluded from receiving rewards, with no refunds given, ensuring that all participants can engage in the event in a fair environment.
Q: How do I participate in Base Summer?
A: To participate in the Base Summer event, you need to meet the following requirements: enter the invitation code provided by your referrer on the event page, and link two social media accounts to your Lootex ID. Additionally, you must choose one of the following: either own a Lootex Base Summer NFT or deposit $30 worth of LOOT/ETH/MNT/MATIC/BNB/AVAX.
Q: Why hasn’t my reward been calculated even though I completed the tasks?
A: After completing the required tasks to enter the event, you must return to the event page and click the “Join Now” button for your rewards to start being calculated. If you do not click this button, your rewards will not be calculated even if the tasks are completed.
Q: How are the reward bonuses calculated? What is the mechanism?
A: The reward bonuses are distributed on a first-come, first-served basis. During the event, simply purchasing NFTs from the Base Network on Lootex will allow you to accumulate transaction amounts and earn corresponding rewards. Only transactions made during the event period will count toward the accumulated amount, and the rewards will be distributed in $USDC and $LOOT, calculated at the current market price, and airdropped at the end of the event. Each account can earn up to 100 USDC and 5000 LOOT.
Q: What types of reward bonuses are available?
A: The types of reward bonuses include: purchasing NFTs on Lootex will earn you $USDC rewards, while purchasing NFTs aggregated from Opensea will earn you $LOOT rewards.
Q: What are the reward bonus rates?
A: The reward bonus rates for the Base Summer event are as follows: for the Base Summer Featured Series, you will receive a 20% bonus; for other series on the Base chain, you will receive a 10% bonus.
Q: What is the referral bonus mechanism for the first phase?
A: The referral bonus mechanism operates on a first-come, first-served basis. When the friends you refer accumulate purchases of $100 worth of NFTs on the Base chain through Lootex, they will receive a $15 USDC reward, and you will receive a $10 USDC reward. Please note that these rewards will be airdropped at the end of the event, and the referral must be completed during the event period for the rewards to be counted.
Q: Where can I trade $LOOT? What are the options?
A: You can exchange or purchase $LOOT tokens on the Lootex platform, centralized exchanges (CEX), and decentralized exchanges (DEX).
You can also use $LOOT to purchase platform points (GP), which can be used to offset the Gas Fee required for transactions. For more details, you can refer to this article.
- Exchange $LOOT on Lootex: You can directly use the “Swap” feature on the Lootex platform to exchange $LOOT tokens.
- Centralized Exchanges (CEX): You can purchase $LOOT tokens on platforms like Huobi, Bing X, Gate.io, MAX Exchange, and LBank.
- Decentralized Exchanges (DEX): You can purchase $LOOT tokens on platforms like XY Finance, Uniswap, and PancakeSwap.
Q: What happens if the prize pool is not fully claimed before the end of the stage?
A: If the prize pool is not fully claimed before the end of the stage, Lootex will reclaim the remaining prize pool funds, and these unclaimed rewards will not be carried over to the next stage.
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https://go.lootex.io/6d8c7h
About Lootex
Lootex is a player-centric, cross-chain NFT trading platform that shares the latest blockchain game info. It is devoted to building a gamer-centric game asset marketplace where anyone can easily browse and trade game assets across multiple blockchains.