Alisa Davidson
Printed: February 12, 2025 at 9:00 am Up to date: February 12, 2025 at 10:38 am
Edited and fact-checked:
February 12, 2025 at 9:00 am
In Temporary
Velar has launched its Content material Creator Yield Program, designed to reward content material creators in a approach much like yield farming, distributing 50,000 VELAR tokens weekly to 5 raffle winners.
Bitcoin decentralized trade protocol, Velar, launched its Content material Creator Yield Program, an initiative designed to reward content material creators equally to yield farming. Via this program, 50,000 VELAR tokens will probably be distributed weekly to 5 contributors, with winners chosen through a raffle entry system that transforms their engagement into weekly rewards.
“The Velar Creator Program is about recognizing the unsung heroes of the Bitcoin ecosystem – the creators who put within the work, with no help or incentives, just because they imagine within the mission. It’s time they get the rewards and respect they deserve,” stated Peter Watson, Chief Advertising Officer at Velar, in a written assertion.
Via this initiative, content material creators—starting from tweet authors to bloggers, video producers, and podcasters—will earn factors primarily based on their contributions. These factors will probably be transformed into raffle entries, with weekly winners chosen accordingly. Velar’s purpose is to mix schooling and monetary infrastructure by rewarding informative and interesting content material associated to Bitcoin decentralized finance (DeFi).
Every week, 50,000 VELAR tokens will probably be distributed amongst contributors, producing high-quality academic content material about Bitcoin DeFi. Eligible codecs embrace tweets, blogs, movies, and podcasts. Winners will probably be chosen through a points-based raffle system, and rewards will probably be despatched to the recipients’ wallets inside 48 hours.
The Content material Creator Yield Program introduces a sustainable compensation mannequin for educators in Bitcoin DeFi, providing a distinction to conventional yield farming, which was beforehand restricted to liquidity suppliers (LPs). Velar’s strategy acknowledges the worth of all contributions to the expansion of DeFi schooling, emphasizing community-driven improvement inside each DeFi and the Velar ecosystem.
The initiative additionally features a thorough verification course of to make sure high quality, rewarding the worth of engagement relatively than merely the amount of content material. Moreover, there will probably be weekly resets, giving newer or smaller creators contemporary alternatives to take part.
Velar: What Is It?
Velar is growing a consumer interface designed to entry some of the safe blockchains ever created. The platform permits customers to simply commerce Bitcoin-based tokens with just some clicks, providing a easy, intuitive interface. Velar is paving the best way for a brand new period of Bitcoin-powered monetary innovation, unlocking beforehand untapped liquidity and empowering customers to have full management over their digital belongings.
Not too long ago, Velar launched the BTC Identify Grant Program, which goals to advertise the standardization of digital identities on the Stacks community. The initiative is targeted on encouraging wider adoption of the “.btc” digital id commonplace inside the Bitcoin ecosystem, serving to to scale back guide errors and streamline on-chain interactions.
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About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising tendencies and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
