The cross-chain interoperability protocol Owlto Finance, which raised $8 million, is about to launch its airdrop, and the points system is being upgraded

Author: Owlto Finance

The cross-chain interoperability protocol Owlto Finance has attracted over 1.6 million users in 206 countries and regions within its first year. Meanwhile, the platform's trading volume, user base, cooperative ecosystem, and network integration have all shown significant growth. To reward Owlto users for their contributions to the community, the Owlto Finance platform has decided to launch an upgraded points program starting from June 1, 2024.

Owlto Finance is an intent-driven interoperability protocol with a vision of "Connecting the World with AI Agents." Owlto Finance allows users to achieve fast and secure cross-chain transfers among over 25 popular L1 and L2 EVM networks, including Ethereum, zk Sync Era, Solana, Linea, Scroll, Arbitrum, Optimism, Base, Kroma, Mode, Zora, Starknet, Polygon zk EVM, Blast, Taiko, BNB Chain, op BNB, as well as Bitcoin L2 networks like Merlin Chain, BSquared, Bevm, and BitLayer.

Advantages of the New Points System

The upgraded Owlto points program fully incorporates user feedback, providing a fair and friendly points mechanism for both new and existing users. This upgrade not only enhances the points base for important network cross-chain transactions but also strengthens the integration with tasks and activities, broadening the channels for users to earn points. New users can quickly accumulate original points through this upgrade, while continuously active old users will receive generous loyal user rewards based on their past participation.

It is reported that the points system is the main mechanism for Owlto to transfer power to users. As a certificate of contribution value for Owlto users, Owlto will distribute airdrop rewards to loyal users according to points rankings. As a project that has just received $8 million in strategic investment, Owlto Finance is expected to conduct its first snapshot in Q3 2024.

Currently, there are four ways to earn Owlto points.

Cross-Chain Points

Users can earn corresponding points rewards based on specific point standards by completing cross-chain transactions on the Owlto Finance mainnet, regardless of the amount.

From any network cross ETH / BTC / USDC / USDT to the Ethereum network, users can earn 300 points.

From any network cross ETH / BTC / USDC / USDT to Scroll, Arbitrum (including Nova), zkSync Era, Base, Linea, Zora, Blast, Mode, Optimism, XLayer, zkLink Nova, Kroma, BOB, Bitlayer, Polygon zkEVM, Manta, BNB Chain, Astar zkEVM, Starknet, Polygon, Metis, Solana, Mantle, Merlin, B², Core, Zeta, ZKFair, MAPO, BEVM Mainnet, and BounceBit networks, users can earn 150 points.

From any network cross wstETH / BNB / USDV / MNT to other networks, users can earn 100 points.

It is important to note that the basic cross-chain points reward is a significant part of the points system upgrade. From December 6, 2023, to May 31, 2024, cross-chain points will not be affected by the network or the types of cross-chain tokens, all being 100 points. The updated points system can help cross-chain users earn higher points rewards.

Moreover, the more cross-chain transactions completed, the higher the points multiplier users can earn. The cross-chain points earned by users for each cross-chain transaction is the product of the base points and the points multiplier. For example, after completing 10 cross-chain tasks, the user's points reward is 1.2 times the base points; after completing 100 cross-chain tasks, the points that can be earned is 1.5 times the base points.

Activity Points

Owlto encourages users to participate in various activities within the Owlto Finance platform. During the activity period, users can earn additional activity points while completing cross-chain tasks to receive base points. Activity details can be viewed on the official website.

The rewards for activity points are generous; completing an activity cross-chain can earn double points, combining both regular cross-chain and activity rewards. For example, if a user performs a cross-chain from zkSync Era to Ethereum, the activity reward points for that task are 500 points, and the regular cross-chain base points are 300 points. Additionally, if the user has completed over 100 cross-chain transactions on the Owlto platform, they can receive a 1.5 times points multiplier reward. Therefore, this cross-chain transaction can yield a total points reward of "300*1.5 + 500 = 950" points.

Referral Points

After connecting their wallet on the Owlto Finance platform, users will generate a specific referral link. All new users who enter Owlto Finance through this link will form a binding relationship with the referrer after completing their first cross-chain transaction. During the second phase, every time the referred user earns points from a cross-chain transaction, the referrer will also receive a 10% points reward. In the first phase, the referrer’s points reward ratio is 30%.

For example, when a new user generates 1000 points through a cross-chain transaction on Owlto Finance via the referrer’s link, the referrer will receive 1000*10% = 100 referral points.

At the same time, through the referral mechanism, referrers can not only earn Owlto referral points but also share in the actual earnings obtained by the referred users. The commission rebate ratio ranges from 1 to 1.5 times, depending on the number of cross-chain transactions completed by the referred user. Users can generate referral links for inquiries at: https://owlto.finance/rewards

Check-in Points

To maintain the ecological balance of the Owlto platform, the points system update has adjusted the check-in points rules. The daily check-in points reward has been adjusted to 2 points. If a user engages in cross-chain activity on the same day, they can earn 5 times the points, totaling 10 points as a reward after check-in.

Owlto emphasizes that it highly values community user feedback and will continue to improve product features and platform mechanisms based on user opinions.