Introducing the Loyalty Pass
Tailor-made for users participating in the LI.FI ecosystem
TL;DR
What is the Loyalty Pass?
What is the purpose and benefits of the Loyalty Pass?
How does it work?
Check Gateway Network to start participating!
The ever-evolving digital space calls for innovative approaches to recognize and understand user interactions. With the LI.FI Loyalty Pass, we introduce a solution, tailor-made for users participating in the LI.FI ecosystem. This isn't just a product—it's an acknowledgment of the value each user brings to the table. As we pull back the curtain on the LI.FI Loyalty Pass, we invite you to a journey where your activities within the LI.FI ecosystem will receive the recognition they deserve, where every action paints a larger picture, and where you, our valued community member, are central to this unfolding narrative.
The Genesis of the Loyalty Pass
Every individual has a story to tell—a repertoire of actions, behaviors, and interactions. What if these tales could be quantified, validated, and presented as a testament to one's decentralized identity (DID)? This thought germinated into the Loyalty Pass, a mission to empower users by offering a foundation for their DIDs.
At the core of the Loyalty Pass is the ability to provide a distinct, measurable representation of every user interaction with LI.FI and Jumper. This structure ensures a transparent reflection of each user's role and contribution within our ecosystem.
Our current focus on on-chain actions is just the beginning. We intend to expand into off-chain activities, such as Discord interactions and campaign involvement, ensuring a broader understanding and quantification of each user’s actions.
Further, we will launch NFTs that represent different PDAs (Private Data Assets) acquired through the Loyalty Pass. These NFTs can change based on specific parameters, offering users a more layered and engaging experience.
What Sets the Loyalty Pass Apart?
True Cross-Chain Credibility: The Loyalty Pass stands as the first PDA of its kind, capturing both on-chain and off-chain behaviors across multiple chains.
Robust Integration with Gateway Network: To ensure credibility and accuracy, the Loyalty Pass collaborates with Gateway Network. This partnership enables a seamless verification process, allowing users to delve into their PDAs with precision.
Direct Benefits for the User
Reputation in the Cross-Chain Arena: Forge a solid reputation, not bound by any single chain. Whether you're interacting on Ethereum, Arbitrum, Optimism, or any other domain, the Loyalty Pass ensures your contributions are recognized.
Strategic Partnerships: Holders of the Loyalty Pass will enjoy exclusive benefits, including fee reductions, early product access, and special discounts courtesy of our collaborations with partner protocols. Imagine you're a protocol user, and thanks to your specific Loyalty Pass tier, you now qualify for reduced fees. Or perhaps, you gain early beta access to an upcoming product. The Loyalty Pass not only quantifies your interactions but translates them into tangible benefits.
How does the Loyalty Pass work?
The LI.FI Loyalty Pass has tiers to track a user’s progress over a season. The first season will track the user’s growth from Novice to Bronze, to Silver, to Gold etc. Each tier has its own range, and the main way to grow is by interacting with LI.FI’s Jumper Exchange (at least today).
Novice: 0-50 Points
Bronze: 51-150 Points
Silver: 151- 350 Points
Gold: 351- 700 Points
Platinum: 701-1100
Tungsten: 1100+
How do you earn points?
Users of the LI.FI’s Jumper Exchange will earn PDAs based on 3 categories (Earn 3 per month, one per category).
Volume (In USD)
# of Transactions
# of Chains Used
For each of these users can earn a series of PDAs which dictates the user’s points. Note there are 6 PDAs you can earn for each category (Novice, Power User, Chad, Ape, Degen, and Grand Degen). To prevent spam and farming, there are minimum requirements that users must meet in USD value for their transactions to count. Ensure to consistently engage every month, and keep track of your progress by viewing your Loyalty Pass on Gateway Network! These PDAs for the activity will be issued at month's end, based on the activity over the course of the previous month. Make sure to check back in at the beginning of each month to see where your progress is at! So every month you will receive PDAs which will “stack” up to increase the points and power your Loyalty Pass. The more you interact consistently the more benefits and rewards within LI.FI’s ecosystem you will receive!
However, just as you can earn PDAs to increase your Loyalty Pass points, inactivity will result in negative points. And eventually, the Loyalty Pass is reset.
The Future Vision
We envision the Loyalty Pass as the bedrock upon which users build an expanded and comprehensive DID. This isn't a mere product launch; it's a foundational step toward a decentralized future where users are empowered by their actions and behaviors.
Next Steps for Our Community
Curious about your PDAs? Visit Gateway Network and get an insight into your interactions within the LI.FI ecosystem. Discover where you stand and the benefits you can reap with the LI.FI Loyalty Pass
FAQ: Introducing the Loyalty Pass
What is the Loyalty Pass?
Loyalty Pass is a set of credentials that quantify users' interactions with LI.FI & Jumper.
How do i get a Loyalty Pass?
Currently, we are quantifying on-chain volume, transactions and number of chains. Will be expanded to a more robust system, which will include off-chain actions (such as Discord activity, campaign and AMA participation).
Why should I participate?
Our goal is to partner with other protocols that would allow different benefits to credential holders. In the next few months, we will be announcing different partnerships that will make navigating through the DeFi ecosystem a breeze.
Get Started With LI.FI Today
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Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.