👨‍🌾The reward system & Golden Ticket

TLDR: all smart contract rewards are transferred into the NFT golden tickets. Thus owning the Golden Ticket NFT makes you eligible for receiving our launchpad and marketplace rewards.

Archway's economic model is a unique part of the Archway ecosystem. This system is designed to allow dapps to capture the value they create within the network. The rewards system comprises three types of incentives: Gas Rebates, Dev Inflation Tokens and Contract Premiums. This guide will explore each type of incentive in greater detail with the aim to provide insights into how developers can best leverage these incentives. (https://docs.archway.io/overview/rewards)

As you may be aware, on Archway, the smart contract owner has the ability to set a reward address for their smart contracts. This address will receive all rewards from gas rebates and contract premiums. Notably, this reward mechanism can be programmable using archway-bindings. For instance, a smart contract can function as the reward address and claim rewards, after which it can distribute the rewards through any means.

This marks the inception of CW-721R (rewards), introduced alongside The Golden Ticket NFT. Each NFT will receive an equal share of rewards. Following the completion of claiming (occurring every 00 UTC), rewards will be distributed to each NFT. It's important to note that since the supply is dynamic, the reward will decrease if left unclaimed, as the total supply changes accordingly.

Another point of caution is to ensure that your gas fees are lower than the rewards you intend to claim, as the current rewards may not be substantial. However, with the expansion of the marketplace and launchpad, the rewards distributed through The Golden Ticket are expected to increase. To claim your reward, please visit your profile page on pipapo.io and initiate the claim process.

For further details about the contract, please refer to: https://github.com/pipapodev/cw721-rewards

Reward detail tab on profile