Blazpay's Rewards Dashboard: Understanding the Multiplier System and Entry Pass Options

Core Concepts

Blazpay's rewards dashboard employs a multiplier system based on the number and type of entry passes users mint, allowing them to maximize their rewards.

Abstract

The key highlights from the content are:

1. Users can mint either mainnet or testnet entry passes, with various network options for each.
2. The entry passes determine the multiplier applied to the user's points on the rewards dashboard.
3. The maximum combined multiplier a user can achieve is capped at 10x, even as new networks are added.
4. Different entry passes hold varying values and offer different multipliers, with the BNB entry pass being the most valuable.
5. For mainnet entry passes, users can claim higher multipliers by minting more passes on each network (e.g., 2x for 3 BNB passes, 3x for 5 BNB passes).
6. For testnet entry passes, users can earn a 2x multiplier by accumulating 10 passes or a 3x multiplier by obtaining 20 passes.
7. The multiplier system is designed to incentivize users to engage with the platform across multiple networks and accumulate more entry passes.

Stats

The maximum combined multiplier a user can achieve is capped at 10x.
Users can claim a 2x multiplier by minting 3 BNB entry passes or a 3x multiplier by minting 5 BNB entry passes.
Users can earn a 2x multiplier by accumulating 10 testnet entry passes or a 3x multiplier by obtaining 20 testnet entry passes.

Quotes

"The dashboard employs a multiplier system, which is best understood with the help of an image. The maximum combined multiplier a user may achieve, combining testnet and mainnet, is capped at a total max 10x multiplier."
"Different entry passes hold varying values and offer different multipliers. For instance, the BNB entry pass holds the most value and offers the highest multiplier."

Key Insights Distilled From

Understanding the Rewards Dashboard

by at medium.com 05-01-2024

https://medium.com/@blazpay/understanding-the-rewards-dashboard-ef59b67a2d4e

Deeper Inquiries

How does Blazpay determine the relative values and multipliers for each network's entry passes?

Blazpay determines the relative values and multipliers for each network's entry passes based on the type of network (mainnet or testnet) and the number of entry passes minted by the user. Each network, such as BNB, Polygon, zkFair, and Manta, offers different multiplier options depending on the number of entry passes minted. For example, on the BNB chain, users can claim a 2x multiplier by minting 3 entry passes or a 3x multiplier by minting 5 entry passes. Similarly, other networks like zkFair and Manta provide multiplier options based on the quantity of entry passes minted. The value and multiplier of each entry pass are determined by the network it belongs to and the number of passes minted by the user.

What are the potential drawbacks or unintended consequences of capping the maximum multiplier at 10x?

One potential drawback of capping the maximum multiplier at 10x is that it may limit the incentive for users to mint additional entry passes beyond a certain point. Users who have already reached the maximum 10x multiplier may not feel motivated to mint more passes, potentially reducing user engagement and participation in the rewards program. Additionally, capping the multiplier could lead to a less competitive environment among users, as there is a limit to how much they can benefit from accumulating more entry passes. This limitation may also impact the overall excitement and interest in the rewards dashboard, as users may feel restricted by the maximum multiplier cap.

How might Blazpay's rewards dashboard evolve in the future to accommodate new blockchain networks or changes in user behavior?

In the future, Blazpay's rewards dashboard could evolve to accommodate new blockchain networks or changes in user behavior by introducing additional networks with unique entry passes and multipliers. As new blockchain networks emerge or gain popularity, Blazpay could integrate them into the rewards dashboard, offering users the opportunity to mint entry passes on these networks and earn corresponding multipliers. This expansion would provide users with more options to diversify their rewards and engage with different blockchain ecosystems. Additionally, Blazpay could adapt the multiplier system based on user feedback and behavior, adjusting the values and multipliers of entry passes to better align with user preferences and incentivize desired actions on the platform. By staying responsive to changes in the blockchain landscape and user behavior, Blazpay can ensure that its rewards dashboard remains dynamic and appealing to a wide range of users.