VKR meaning in Cryptocurrency ?

Cryptocurrency Miscellaneous in Cryptocurrency . 2 months ago

  234   0   0   0   0 tuteeHUB earn credit +10 pts

5 Star Rating 1 Rating

Valkyrie Protocol is a Dapp activation protocol designed to help protocols launch effectively by enabling them design a ‘campaign’ with a specific target goal and disseminate pre-allocated rewards to users depending on their level of participation.

This ‘rewardable ecosystem’ consists of campaign creators, who have an objective to increase usership of their project on the Terra network, campaign participants, who participate in the campaign and share content to other users, and campaign referrers, who spread the campaign content to new users. Valkyrie provides a generalized framework empowering individual teams to apply it to their specific campaign needs.

The Valkyrie token ($VKR) is the project's governance token and is utilized as a deposit for campaigns launching on Valkyrie, with referral rewards being distributed in $VKR. Users who stake their $VKR to governance receive rewards allocated to the Governance Distribution schedule, as well as a portion of the fees charged by the protocol pro-rata to their stake.

reference

Posted on 08 Nov 2024, this text provides information on Cryptocurrency related to Miscellaneous in Cryptocurrency. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.

tuteehub_quiz

Tuteehub forum answer Answers

Post Answer

No matter what stage you're at in your education or career, TuteeHub will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.