💯NFT Levels System

What is NFT levels system? 🤔

It's a unified points and NFT levels programme for our early supporters within the community. Various incentives campaigns will eventually result in earning NFTs from this programme.

How to earn these NFTs?

1. Invest in Troves strategies

2. Refer friends

3. Be active in community and participate in various campaigns launched by us (e.g. OG Farmer NFT)

Points on investment in strategies:

You shall earn points for each day your tokens are invested in the platform. The points you earn each day are represented by this formula: $investment * your_points_multiplier

Default points multiplier based on protocol TVL:

This points multiplier gives an edge to our early platform members. This boost is dependent on the protocol TVL and not on when a user first deposits. The earlier you are, the higher the multiplier.

Initial TVL	Cutoff TVL	Point multiplier
0 →	1M:	1.5x
1M →	3M:	1.25x
3M →	5M:	1.1x
Above 5M		1x

Also, the longer you hold, the higher your multiplier will become over time. This increase is governed by the following equation:

current_multiplier = base_multiplier_based_on_tvl + (0.5 * hold_days / 365)

hold_days: the number of days your portfolio has been >= $10. 
If a user's portfolio drops below $10, this is reset to 0

Example:
If the protocol's current TVL is 500k, the base multiplier is 1.5x. 
If a user has held for 10 days, their multiplier for today's point allocation is:
1.5 + (0.5 * 10 / 365) = 1.51x

NFT levels - the points you require to reach that level

1. Level 1: 1,000 points

2. Level 2: 10,000 points

3. Level 3: 50,000

4. Level 4: 200k

5. Level 5: 500k

6. Level 6: 750k

7. Level 7: 1M

8. Level 8: 3M

9. Level 9: 6M

10. Level 10: 10M

Referral Campaign

The referral campaign is an extension of the levels campaign, allowing users to earn additional points by referring others. Learn more here.