[Update] Verychat Update: Increased Rewards & Halving System Announced!
Hello, Verychat community!
We’re excited to announce an important app update and server maintenance that will take place today from 11:00 AM to 12:00 PM (UTC+9). This update introduces some big changes designed to reward our early users while also making the Verychat ecosystem even more inclusive and accessible.
Why This Update?
We recognize the vital role our early users have played in growing the Verychat community. To show our appreciation and further incentivize new users, we’ve decided to increase both invitation and mining rewards. Our goal is to build a stronger, more rewarding ecosystem for everyone involved.
Here’s What’s Changing:
1. Improved Access for All Users:
• Users can now mine VERY tokens even if they weren’t invited by someone, lowering the barrier to entry.
• For those who weren’t invited, you can manually enter an invite code via the new letter icon.
2. Invitation Reward Halving:
• We are introducing a halving system for invitation rewards. Once our user base exceeds 500,000, the invitation reward will decrease from 100 VERY to 50 VERY.
• This system helps maintain balance and sustainability as our community grows. For more details on the halving system, please check our whitepaper.
3. Increased Invitation Rewards:
• We’re increasing the reward for inviting new users from 20 VERY to 100 VERY — that’s a 5x increase! Compared to the original launch rate, it’s now 10 times more rewarding to invite friends and grow the Verychat community.
4. Boosted Mining Rewards:
• The basic mining reward has been increased from 2.4 VERY to 4.8 VERY, effectively doubling the mining rewards. This is 12 times higher than the initial mining rate when we first launched!
5. Retroactive Adjustments:
• All existing invitation and mining rewards will be retroactively adjusted to reflect these new conditions, ensuring that early participants benefit from these changes.
What’s Next?
These updates will take effect during today’s maintenance window, and we’re confident they will further strengthen our community and ecosystem. We encourage you to invite more friends, mine more VERY, and take full advantage of these updated rewards!
Thank you for your continued support and for being part of the Verychat journey. Stay tuned for more updates and exciting developments!
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