Introducing the HOTCROSS Staker Sizzle Event and the Cross Pool Mystery Pool
Stake HOTCROSS, Mint NFTs, Participate in the Hot Cross Ecosystem, and Win!
The Mystery Pool is here;
Cross Index is coming;
You would be insane to miss the fun!
The HOTCROSS Staker Sizzle Event
Now this one is 🔥 hot! We’ve decided to step up our socials a bit and create a fun game for everyone. It works like this:
✅ Stake at least 100 HOTCROSS into any pool on Cross Pool for Binance Smart Chain;
✅ Mint an NFT on Cross Mint on Binance Smart Chain. This is required once every week!
That’s all there is to it. No more forms - our data indexer knows if you’ve done steps 1 and 2 already.
What is there to win?
Every week 7 winners will win $50
This event will last from July 27th, 2021 until the conclusion of the Mystery Pool (see below).
Three lucky random winners throughout the duration of this event will win $1000, $500, and $250 based on a completely randomized set of data that we pull from Cross Pool from the start of the event until the end of the event. This relates to Cross Index, which we will get into later.
Note that there is no purchase necessary. You can get HOTCROSS without having to ever buy it. That’s the beauty of participating nonstop in the events and the protocol that we are developing! And it’s also a reason to stay on top of what’s happening with our community!
The Mystery Pool
Several days ago we rolled out a UI change on Cross Pool that accommodates a new way of doing staking. As mentioned in the changelog, the pools are completely experimental, allow us a maximum amount of flexibility in understanding platform behavior, and also eschew the notion that all pools must follow an APR-first approach.
For this first pool, we’re trying a 1,000,000 $HOTCROSS BEP20 pool that lasts for 60 days consecutively and also has a 60 day claim period. Users are able to unstake any time they wish, but rewards don’t vest until 60 days from now. The thesis with this pool is that it will be unattractive to yield hunters and more attractive to those who are fundamentally long-term positive on the outcome of Hot Cross.
While there will be gamification added into this pool, naturally, we wanted to kick this off and incentivize platform participants, not bypassers. There’s also an important note about these tokens. They were entirely acquired directly off of the market and do not cause an impact on the supply of the Hot Cross Token itself, which has thoroughly been outlined here.
This is also a test to see what happens when there is a delay on rewards for such a relatively long period of time. If participants are keen, then it will incentivize us to continue doing them. If participants are not, then we’ll introduce vault-style pools into the platform with shorter claim periods but penalties. In essence, this is all a game that we are playing with each other and it’s super-fun.
About Hot Cross
Hot Cross is an extensive multi-chain and cross-chain tool suite that enables blockchain teams and their communities to thrive. At its core, Hot Cross aims to be the best toolbox for ETH and EVM networks. Their development philosophy is agile, and they are a cohort of builders who aggressively seek out opportunities to meet the demands of the now for both B2B and B2C. The core thesis that Hot Cross presents is that users and teams will migrate in part to new networks that feel familiar when presented with sufficient tooling and freedom. While Hot Cross is a company and an ecosystem in and of itself, our goals are towards allowing niche communities to flourish using our technologies, whether or not they know we are the ones building them.