Analyzing the @vooi_io leaderboard. Cookie has a different yapping system than Kaito, as they have cSnaps system that can be influenced by participating in the ecosystem of each project. A general default for these kind of systems is a $Cookie staking part, where you need at least 20K Cookie tokens staked for 365 days, which will give you a 2x multiplier. 100K Cookies staked for 365 days would give you a 5x multiplier. These multipliers can be used across the platform as a default. cSnaps can only be gained when you have actually put a skin into the game, means put real assets into the protocol. For Vooi, it means as an example to use actually the product and gain points. Use @OrderlyNetwork on Vooi to trade perp (and if possible win) to gain points or swap cross chain or use the internal Light perp function. Whatever you do, it will cost you either swapping or perp dex opening fees, that will later convert into points. These points will be counted and converted into multipliers within Cookie. If you look at the leaderboard and the top ranks you can see that most of the ranking users have maxed out their mulitplier. It means that they have maxed out Cookie staking, maxed out points for Vooi and also maxed out Referral points (x25 is maxed out) So even if you have enough money to max out your multiplier to x15, you will need also friends that use your referral and trade alot to get it maxed out. Otherwise it would not work.
Show original
4.56K
26
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.