What is Offering of the Gods?
Offering of the Gods is our answer to “wen staking”.
In the $GODS white paper, we said we would deliver a solution much earlier. As such, we are delivering a manual solution that rewards citizens retroactively AND allows citizens to be rewarded. While this is not our "forever solution", we are fulfilling our promise by providing an interim solution to maintain trust in the $GODS token.
What are the two types of rewards?
- Surprise rewards (33% of the total $GODS or ~355k $GODS)
- All mortals who have held tokens from 1st December 2021 to 12th June 2022 would be eligible
- On 15th June 2022, a total of 28 weekly snapshots were taken from 1st Dec 2021 until 12th June 2022
- Ongoing rewards (67% of the total $GODS or ~734k $GODS)
- Began from the 13th June 2022
- Snapshots are taken weekly
- Delivered monthly at the end of each claim period
- Reward period to last until October 2022
What is the eligibility criteria for Offering of the Gods?
- You must have held/hold $GODS on IMX Layer 2;
- You must have linked IMX to GU;
- Also need one of the following:
- Play a ranked game of Gods Unchained OR;
- Forge; OR
- Purchase packs; OR
- Trade (buy/sell) any Gods Unchained NFT on the Immutable X platform (any marketplace).
- Eligibility is checked every period.
What is the claiming timeline?
- Retrospective: Snapshots are done weekly in 7 day windows with minimum $GODS each week being used to calculate portion of the pool
- Will be delivered all at once and;
- Can be claimed via the $GODS claim page starting from today
- Ongoing: Snapshots started on June 13 2022 and are taken every 7 days with minimum $GODS held each week used for calculating allocation.
- Will be delivered monthly and scheduled for the next four months for eligible players and;
- Claim via the $GODS claim page
- Need to meet eligibility criteria
- Ends on 12th October 2022
When can I expect the first rewards?
1M $GODS surprise rewards are ready to be claimed now! 👏💯
👉 Visit https://godsunchained.com/token/claim
👉 Sign into your Gods Unchained account
👉 Select your wallet that qualifies for rewards
👉 Click “Claim”
Where can I trade GU NFTs?
Any Immutable X supported marketplace!
When are the weekly snapshots taken for rewards?
The ongoing rewards started weekly from 13th June 2022 according to this blog post.
For example, the first week of reward dates were 13th June to 19th June 2022, 20th to 26th June 2022 and so forth until 12th October 2022.
How do I migrate my $GODS tokens from Layer 1 (L1) to Layer 2 (L2)?
You must hold your tokens on the IMX platform to be eligible. You will also need to ensure that you have linked that wallet to your Gods Unchained account. Follow the instructions in this blog post - https://blog.godsunchained.com/wallet-linking-immutable-x
What if I’ve spent the $GODS on card purchases or Forging?
Only unused $GODS tokens are counted each week. If $GODS tokens are earned and then spent in the same week then the amount after the spend will be counted, if the wallet is eligible.
Will this include the packs we bought on the official release day of Mortal Judgement expansion? Does this include purchases from the Beginning?
The allocation of $GODS tokens for the Ongoing Rewards comes from pack purchases as far back as the 1st of January 2022, so it does include purchases from the Mortal Judgement Expansion. In terms of eligibility though, pack purchases must have been made in the week of the snapshot, so in order to meet that specific eligibility criteria, packs must have been purchased each week. However, there are always the other eligibility criteria such as playing, minting or trading which can be met instead.
I thought I was encouraged to Forge, am I now not supposed to?
Try remembering Offering of the $GODS is our response and a commitment to deliver a manual version of Staking (as outlined in the whitepaper). Ultimately, we want to bring mechanisms that encourage all of our active players to hold a portion of their $GODS tokens and to reward them for doing so. In doing this, we need to strike a healthy balance and let players decide where they get the most value from their $GODS tokens. This could be through utilizing them to improve their collection, engage more with Gods Unchained or holding onto them while engaging with the game to earn rewards.
What if I had my funds in a ledger wallet will I be eligible as I fit all the criteria but this?
You do need to have your wallet connected to the Immutable platform as a base criteria. We obviously cannot recommend the best path and solution (hot vs cold wallet) for each citizen but if you decide to migrate some of your $GODS onto a wallet and connect that wallet to Immutable, it should be a step closer for the ongoing rewards available through to October 2022.
Are the tokens given out going to be the same percentage for everyone or will it vary on the amount of $GODS held?
As a reminder, we will be distributing over 1 million $GODS with the following breakdown 33% or ~355,618 $GODS for the retrospective reward as well as 67% (~734k $GODS) for the ongoing rewards. These $GODS are distributed equally across each period. When it comes to the actual distribution of tokens for each citizen, the rewards depend on how many players are eligible and how many $GODS they are holding for each period.
I have my $GODS in L1, would I be eligible to earn the surprise rewards as well?
All $GODS must be held on Layer 2 (L2) to be eligible. If that’s the case, you would have to move these $GODS to Layer 2 to be eligible for the ongoing rewards.
How many rewards will I get?
Approx 33% annual return on the amount that was "staked" for the retrospective period. For example, if you held a minimum 100 $GODS every week over the 28 weeks, you would receive 17.7 $GODS (100 x 33% x 28 weeks / 52 weeks in a year)
How will the height of the rewards claim that individual players will receive be calculated?
Rewards depend on how many players are eligible and how many $GODS they are holding. This will be known for retrospective rewards but holdings will change in response to Offering of the $GODS release.
With the 1 million token distribution, what will be left for actual staking?
The staking pool continues to grow through all current methods. The rewards are calculated based on a dynamic pool.
Why are you doing monthly instead of weekly drops?
It’s reflective of 4 months of contributions towards the Staking Reward Pool. We have gone with a monthly distribution to reduce the manual load on developers and continue our focus on delivering great features for the community. In the background, we are still calculating eligible $GODS holdings each week. Each week’s rewards are paid out in one go every month. Whenever available, you can claim monthly from the $GODS claim page.
How did you get ~734k $GODS for the ongoing reward?
These tokens are from the primary sale swap. We purchased $GODS on the open market ensuring the existing allocation is not impacted.
Why do I have to do extra ‘things’ to qualify for a reward?
Keep in mind this is our first (and manual) iteration of "wen staking". Our goal is to reward active citizens for their patience while we continue working on a full Staking solution. For us, it’s meeting our promise in the interim but also reward ongoing engagement with GU and the economy.
What if I don’t do these ‘things’ for a period or two?
Rewards are only earned if eligibility criteria are met for each period. As such, no rewards are paid out for not completing requirements. It’s important for us to reward our active citizens.