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Author Topic: The Guide to get your tokens  (Read 300785 times)

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The Guide to get your tokens
« on: March 15, 2018, 04:21:21 PM »
What you need to know about our token:

1- When you post new topics or replies, you earn points.

2- When you reach a certain amount of points (currently 5000), you can submit a conversion request here:

3- This request transform your points into tokens that are sent to your wallet (you provided in the request)
Once this is done your points will drop to 1

The token

We have an ERC20 token that we distributed early on, but due to high ethereum trx fees, we had to pause it's distribution.

The token we currently have is ALTT
Address: on Binance Smart Chain as BEP-20 : 0x44193Fc27F2E28FaAc4Fbf76d4d14fcF6A888db4
Maximum supply: 100,000,000,000,000 ALTT (Yep we went crazy)
Inflation: Based on distribution, ALTT token burns when transacted (1% burn per transaction)

Exchanges: PancakeSwap :
Chart :

How are we going to make this token valuable

Let me be frank with you, it is not going to be easy. Every time we distribute it, many sell it to get the equivalent in main currencies. This destroys the value and the trust in the token and the forum. We try to put enough liquidity, to allow people to sell if they want to. We do not engage in hyping, and we are trying to create a real demand.
Most of our members are bounty hunters rather than investors, they have learned through the years working with hundreds of bounties, to sell the tokens while they have value. This logic works against us, and it might one day force us to stop the distribution altogether. 

We have many plans to create demand, but for that we will need to attract more diverse crypto enthusiasts.

Amount you get might be affected by:

- Activity, how much > Measured by points: you get points for the new topics and replies you write
- Activity, When > When were you the last time on the forum: your due tokens can be reduced by 1/3rd, 1/2,2/3rd,3/4th,4/5th, or even lost due to inactivity.
- Behaviour, are you good or bad > Measured by Karma, negative karma leads to token forfeit, positive karma can be exchanged into tokens.
- Behaviour, penalties > Most penalties will lead to you losing a part if not all the points.
- Duplicate accounts > If found running a second account without declaring it duplicate, both accounts lose all points, and would be barred from withdrawing points in the future (please contact me to tag duplicate account).
- Low quality or AI generated: If we notice that your content is low quality or nonsense AI generated , we can inflict a penalty on you, usually between 2000 points and 10k points.


Some factors influence the amount of tokens you get:

Patrons/ Royalty: Patrons get a 20% bonus and Royalty get 40% bonus on ALTS/ALTT and other tokens we run managed bounty/airdrop for.
Donors/VIP: Donors get 100% and VIP get 200% bonus on ALTS/ALTT and other tokens we run managed bounty/airdrop for.
Positive Karma: Can be switched into tokens.

Token distribution:

Once the token distribution is processed, it can take a couple of days till the tokens land on your wallet account, but once processed
the negative karma will be reset to "0" and the points will be reset to "1"

We distribute once every few months, sometimes every few weeks.

« Last Edit: January 28, 2024, 01:26:13 AM by admin »
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The Guide to get your tokens
« on: March 15, 2018, 04:21:21 PM »

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