Tectum is launching a Mega TET staking contest in which investors can win up to $10,000 worth of prizes. This is not your regular token-locking exercise, as participants will win additional rewards in addition to the standard APR.
This article will outline everything users need to know about this initiative. It will also explain how individuals can participate and the terms of entering this contest.
Details of the Tectum TET Staking Contest
Starting from the 2nd of April to the 30th of April, Tectum will launch the TET mega staking content. These pools will operate similarly to the standard token locks and has similar APR as previous pools. The major difference is that everyone who stakes Tectum Emission Tokens will become eligible for a $10,000 [prize.
Below is a breakdown of the prizes that users will win:
- One individual will earn a grand prize of $7,000
- Two people will receive $500 each
- Ten persons will win $100 in addition to their 20% APR
- 20 users will earn a compensation of $50 each.
How to Stake Your Tectum Emission Tokens and Earn $10,000 in Prizes
Anyone interested in the mega staking contest can read the article on Tectum Emission Token Staking to learn how the process works in detail. Alternatively, here is a brief rundown of how to become eligible for these rewards
- Log in to your SoftNote Wallet or create a new account
- Navigate to the Staking section
- Choose any live pool or create your own pool if you have a minimum of 5,000 TET
- Once the pool meets the threshold of 20,000 within 7 days, the system will lock the pool
Individuals who invest their TET between the 2nd and 30th of April will automatically become eligible for these rewards. They do not have to do anything else besides locking their tokens within this period.
Note: Tectum will never ask users for their personal information or wallet information for this competition. Never share your personal details with anyone.
Terms and Conditions of the Tectum TET Staking Contest
Individuals who want to join the Tectum mega TET staking contest must abode by the following rules:
- Only users who lock their TET in the staking section of the SoftNote Wallet will be eligible for rewards. This contest does not apply to other external staking pools.
- To become eligible for the $10,000 rewards, investors must stake their $TET between the 2nd and the 30th of April.
- The minimum staking requirement for this competition is 100 $TET.
- Users can purchase TET from the following crypto exchanges if they do not have up to the required amount.
- Staking more TET increases the chances of earning more significant rewards from the prize pool.
- Failure to adhere to the terms of this contest can result in disqualification.
- Tectum reserves the right to final interpretation of the terms and conditions.