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Update meme competition rules (#561)
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* Fix Meme Competition Rules

* Fix some bugs

* Update meme Selection criteria

* Fix Competition Rules

---------

Co-authored-by: lq0-github <[email protected]>
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xieqiancaosissi and lq0-github authored Jul 8, 2024
1 parent 97475ec commit 655919e
Showing 1 changed file with 35 additions and 32 deletions.
67 changes: 35 additions & 32 deletions src/components/meme/RuleModal.tsx
Original file line number Diff line number Diff line change
Expand Up @@ -39,76 +39,79 @@ function RuleModal(props: any) {
height: cardHeight,
}}
>
<p className="mt-4">New campaign start on 1st of May</p>
<p className="mt-5">
{/* <p className="mt-4">New campaign start on 1st of May</p> */}
{/* <p className="mt-5">
A new selection of top 5 reward Meme tokens is voted by holders of
xREF, with 25% boosted reward for the overall campaign (NEAR + Ref
reward).
</p>
<p className="mt-5">Selection criteria:</p>
<ul className="text-sm list-disc pl-3">
</p> */}
{/* <p className="mt-5">Selection criteria:</p> */}
<ul className="text-sm list-disc pl-3 mt-5">
<li>
Meme token projects ask xREF holders to deposit into their vault
for the selection from May 1st
for the selection from July 1st.
</li>
<li>
During the voting process, Memetoken communities can participate
in donating in the 'Show love for voters' section and allocate
rewards to users to incentivize them to stake xREF and vote for
the Memetoken
the Memetoken.
</li>
<li>
The first voting period is a 48h window, to vote in xREF for your
preferred Memetoken
The first voting period is a 72h window, to vote in xREF for your
preferred Memetoken.
</li>
<li>
After the 48h, we have the top three Memecoins selected through
xREF staking
After the 72h, we have the top three Memecoins selected through
xREF staking.
</li>
<li>
{/* <li>
The following 24h, after the 48h, is for users to now stake their
Memecoin token to compete as before
</li>
</li> */}
<li>
Note:
<p>
1) As same mechanism as before - snapshot on Meme gauge weight
for the 80/20 % staking and pools
1) The same mechanism as before will be used—snapshot on Meme
gauge weight for the 80/20% staking and pools.
</p>
<p>
2) *xRef stake will determine Ref allocation ratio, while
MemeToken stake only determines Near allocation ratio.
2) xRef staking will determine the REF allocation ratio, while
MemeToken staking will only determine the NEAR allocation ratio.
</p>
</li>
<li>
The top 2 out of 5 will be maintained from the current campaign
and as an ongoing mechanism for following months, while the other
3 seats will rotate based on the results of their xREF staking
within a 48-hour period.
The top 2 out of 5 will be maintained from the current campaign as
an ongoing mechanism for the following months. The other 3 seats
will rotate based on the results of their xREF staking within a
voting period.
</li>
</ul>
<p className="mt-5">Some rules:</p>
<ul className="text-sm list-disc pl-3">
<li>
Users can unstake their xREF after the voting period of xREF but
it won’t affect the pools, or they can leave their staked xREF for
the next round of vote at the end of the month
Users who unstake their xREF after the voting period ends will not
affect the rewards pool or the meme's position during that season.
</li>
<li>
Users who keep their xREF staked will be able for extra incentive
in the next season.
</li>
<li>
xREF unstaking will have one day of cooldown before being able to
withdraw
Unstaking xREF will have a one-day cooldown before withdrawal is
possible.
</li>
<li>
For staked Memecoin tokens, it will still take five days of
cooldown period before being able to withdraw the tokens.
Five selected MEME will have their staking pools active for one
month.
</li>
<li>
The selected five Memecoins will have their staking pools running
for one month
The top 2 MEME tokens based on staking volume at the end of the
season will automatically qualify for the next season.
</li>
<li>
After that, the competition starts again. Some may remain
depending on voting or new Memecoins may take the spot.
The remaining 3 seats will be reshuffled based on the new season's
voting session.
</li>
</ul>
</div>
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