After releasing the product tryout, we received so much organic feedback from the community, ranging from improvement suggestions to bug reports. It’s incredible to see a community building a product together. Community will always be our greatest sporty asset. Thanks to this feedback, KAYEN is prepared to make the next play: KAYEN LEAGUE.
As the name suggests, it’s a competitive event. Users can join the league and participate as players. Simply complete community missions such as tweeting about KAYEN and transaction missions like swapping Fan Tokens. Completing missions scores points, and the more points you score, the more $KAYEN airdrops you will earn!
Instructions for Testnet Tokens
To participate in transaction missions of the League, you will need Spicy Testnet $CHZ and Fan Tokens.
For Testnet $CHZ: Unfortunately, the Spicy Faucet is currently down. Until it’s back up, you can get them here: Tatum Faucet for Chiliz.
For Testnet Fan Tokens: You can easily get a random set of four Fan Tokens by clicking ‘GET TESTNET FAN TOKENS’ button in the liquidity sectiont, as shown in the white circle in the image below. FYI, You can do this up to four times per day!
Reward Distribution Mechanism
We wanted to create a unique airdrop system that satisfies everyone. The first element is excitement. Just like in sports, programs that run for months without any changes can become dull and lose their edge. Since KAYEN LEAGUE is expected to last at least a month, we want users to stay engaged and enjoy the competition. The second element addresses the common issue of early participants accumulating so many points that newcomers feel discouraged, much like in a league where early wins can demotivate new teams. As a community-driven ecosystem, we don’t want to sideline new members. After extensive discussions, the team designed a system to keep the playing field level and satisfy everyone.
First, the league will have weekly seasons, making each week a new competition. Each weekly season will start on Monday at 00:00 UTC and end on Sunday at 23:55 UTC. Each week will feature unique themes that provide bonus points for specific missions. For example, during FC Barcelona Week, all transactions involving $BAR will earn a 50% bonus. Additionally, we will continuously add new missions to the league, especially as the launchpad nears.
Second, we focus on fair airdrop distribution. Our goal is to ensure the league mechanism satisfies both early and late participants.
Here’s a simple outline of how the league works: 50% of the airdrop distribution will be based on the cumulative ranking of the entire league. This means if you started from the beginning and consistently scored points, you will earn more from this allocation even. In summary, the more points you earn throughout the league, the more airdrops you receive.
The remaining 50% will be distributed weekly and allocated according to the weekly ranks. For example, if there are 100 $KAYEN tokens for airdrop over four weeks, each week will have 25 $KAYEN tokens to distribute among the ranks, with higher ranks receiving more.
In summary, long-term performance and weekly excellence are both rewarded. People who rank highly for multiple weeks are likely to score significant airdrop allocations.
Please note that this is a general outline. While the overall structure will remain the same, specific percentages may change.
Closing Remarks
We know many of you are eagerly awaiting the mainnet launch. Please note that millions of dollars worth of Fan Token liquidity is being supplied into the DEX. To prevent any security risks, each pool is undergoing rigorous security tests. As soon as we are ready, we will transition the product to mainnet, including the KAYEN LEAGUE program.
Remember, we are not just building a DEX. The DEX is the beginning of a new era for Chiliz Chain, bringing decentralization to SportFi. What’s next? A Chiliz-native Launchpad to create the hottest hype for your projects! Although still under development, we promise it will be the spiciest launchpad you’ve ever seen.
Stay Tuned and Stay Spicy!
Get in the Game: https://app.kayen.org/league
All the Spicy Information: discord.gg/n6EeUf5Bhm
Disclaimer
The information provided in this post about “KAYEN” or the “Company”, including details on crypto-assets, business assets, strategy, and operations, is intended for general informational purposes only. It should not be seen as an offer to sell or a solicitation to buy any securities, options, futures, or derivatives in any jurisdiction, nor is it governed by securities laws. The content is not intended as investment, tax, or legal advice, nor should it be considered a recommendation to buy, sell, or hold securities. KAYEN and its affiliates disclaim any liability for reliance on this information, which may contain inaccuracies or omissions. KAYEN reserves the right to update this information at any time without notice. This post supersedes previous discussions on similar topics, and no other information, statements, or representations should be considered. KAYEN and its representatives will not be liable for any damages arising from the use of this information, and the Company is not obligated to update or clarify this post based on third-party statements or expectations.
