🌟Incentives

Incentives are mechanisms that motivate token holders (users, team, partners, etc.) to actively participate in the $ELIXIR ecosystem.

1. Rewards for Staking

• Users can “save” their $ELIXIR in the app and earn extra $ELIXIR as a thank-you.

• Users lock some $ELIXIR for a set time (like a year) and get more as a reward later.

2. Rewards for Participating in Governance

• Users earn $ELIXIR for voting on new ideas for ELIXIR, like what games or features to add.

• Users use their $ELIXIR to vote on app changes and get a small reward for joining in.

3. Rewards for Using Specific Features

• Users earn $ELIXIR for trying out fun parts of the app, like games, claims, or buying insurance.

  • Gamification Tasks: A reward for watching a video or doing a quiz.

  • Claim Submissions: A reward for filing a claim, whether they win or not.

  • Policy Purchases: A bonus when they buy insurance.

4. Referral Bonuses

• Users earn $ELIXIR for inviting friends to join ELIXIR.

• A reward when a friend signs up with their special code.

• A little extra if that friend buys insurance.