phaver

There is a lot of misinformation in the community about the Season 2 rewards, so let me clarify some of the incorrect criticisms. Many users, myself included, expected to receive more tokens based on some estimations that were purely hypothetical. Although the formula was somewhat complex, it was publicly available from the beginning.

In summary, 200 million tokens were allocated for the reward pool. The multiplier, determined by the average amount of $SOCIAL tokens held by each user, was applied to the Phaver points they chose to burn and added to the total pool. Once all users joined the pool by the 11th of the month, the calculations began. Out of the 200 million tokens, 20% of the average SOCIAL amount held by the users was set aside as a guaranteed allocation. The remaining tokens were then distributed among users based on the previously mentioned calculation.