Ranks:

Ranks are used to determine rewards and governance votes in the short term. Your final rank at the end of the season is crucial. To advance in ranks, you must earn XP relative to other users. The more XP you accumulate, the greater the rewards you will receive.

Weekly Ranking Events:

• Schedule: Every Monday at 12:00 GMT, a ranking event occurs, during which the top 10% and bottom 10% of wallets are promoted or demoted in their ranks.
• Rank Changes: While ranks are adjusted weekly, rewards are based on snapshots taken at specific, pre-announced times. This creates a “seasonal” structure, where ranks are not final until the end of the season.

Seasons:

• Duration: The first season will start on October 30, 2024, and will last several weeks. During the season, users can participate in the Rank Reveal Event to determine their initial rank and in weekly ranking events to adjust their rank based on XP.
• Season Objective: To maximize rewards, aim to finish the season at the highest rank — Rank 1 (Alpha) — with the highest possible amount of XP. Rewards will be determined based on your rank and accumulated XP at the end of the season.

Rewards:

At the end of each season, rewards will be determined based on the user’s rank and accumulated XP. Users with the highest rank and the most XP will receive the most significant rewards, emphasizing the importance of maintaining high performance throughout the season.