Berlin, Germany, October 9th, 2024, Chainwire
Nudge.xyz, the pioneering protocol behind the Re:allocation Primitive, has launched the Nudge Points App – the first DeFi app designed to reveal the hidden value in users’ wallets. Using a proprietary algorithm, the app assigns Re:allocation Points, serving as a proxy for future Nudge incentives users can unlock by strategically reallocating their assets on Nudge.xyz.
What Re:allocation Points Measure
In DeFi, assets, liquidity, and on-chain activity are scarce and critical resources. Nudge.xyz rewards users for re:allocating these resources through incentives known as Nudges. The Nudge Points App offers insights into users’ potential Nudge earnings, highlighting how value could be unlocked through re:allocation.
The app's proprietary algorithm assigns Re:allocation Points based on the hidden value in a user's wallet. Users are also ranked from "Air" (bottom 20%) to "Diamond" (top 10%), with both points and ranks playing a key role in the evolving Nudge ecosystem.
How it works
All Web3 users holding tokens, providing liquidity, or engaging in onchain activities like trading or staking can earn points through the Nudge Points App. Points are calculated using Nudge’s Re:allocation Value algorithm, which analyzes asset types, usage, and on-chain activity, assigning points per category (e.g., Assets, Staking, LPing) and adding them to a total that determines the user’s rank.
Key Features of the Nudge Points App
- Re:allocation Points: A detailed estimate of the value users can unlock through Re:allocation and valuable in the future Nudge economy.
- Ranks: Users are ranked from "Air" to "Diamond," with ranks also mintable as dynamic NFTs. Protocols can choose to give additional rewards to high-ranking community members.
- Points Farming: Invite friends and earn 20% of their Re:allocation Points.
- Future Rewards: Points will be redeemable for rewards and incentives within the Nudge ecosystem and beyond.
The Nudge Points App is now available to users looking to find their Re:allocation Value and lead this new value-creation paradigm. For more information, readers can visit Nudge.xyz.
About Nudge
Nudge.xyz has the potential to maximize the value of crypto assets through Nudges—reallocation incentives encouraging users to reallocate assets, liquidity, and activity. The team's mission is to empower users, driving efficiency and growth in Web3. Readers can stay tuned on the team's X account for updates.
Contact
Markus Maier
markus@nudge.xyz
Disclaimer: Press release sponsored by our commercial partners.