From Airdrops to Challenges

Recently, there have been clear trends in airdrops across various communities: some members are highly engaged, whether early adopters or deeply involved with the project, while active traders simply claim airdrops as they come. Participating in airdrops can be time-consuming and demands significant community engagement, leading to frustration when the "you are not eligible for this airdrop" message appears.

While many platforms offer airdrop services, the infrastructure often focuses on incentivizing users through task-oriented campaigns. The real question is how airdrops can not only incentivize individual users but also bring together communities, diversify participation, and ensure that activity and genuine engagement are evenly rewarded. Pulsar Money addresses this with a Challenges Platform designed to engage entire ecosystems, spanning DeFi, Gaming, NFTs, Payments, AI, and more.

Key Features

On-Chain Distribution: Pulsar Money utilizes point systems, smart contracts, and gamification to ensure tokens are distributed thoughtfully to eligible participants.

Incentive Mechanisms: The mechanics are designed to reward active community members and incentivize participation through various challenges and referral programs.

Multi-Platform Support: Pulsar Money is expanding its functionalities and challenges to involve activities on multiple platforms across several ecosystems, with further integrations planned.

User experience: The Pulsar Money platform offers an intuitive interface, making it easy for users to participate in challenges, track their rewards, and engage with the community.

Participating in Pulsar Money Challenges

The Challenges Portal simplifies participating in airdrops, making it more accessible for the community to engage with these events. This feature is key in reshaping the launch strategy of major projects, increasing the user base, enhancing overall project traction, and encouraging wider community involvement, allowing more users to join challenges effortlessly.

Pushing the airdrop narrative to the next level is a joint effort that combines efficiency, flexibility, and social engagement. This approach not only makes the process easier for project owners but also more rewarding for participants.

Points and Token Allocation

Tokens are allocated based on user activity and engagement during the airdrop campaign. The most active participants will receive higher rewards. Participants earn points by completing tasks and challenges. Points determine the final token allocation, with more points translating to higher rewards based on the 95th Percentile Capping.

What is 95th Percentile Capping?

Imagine you have a contest where participants earn points. Some people have found a way to earn an extremely high number of points, much more than everyone else. This isn't fair to the other participants, so you want to ensure a more equitable distribution of prizes.

How Does It Work?

1. Identify the Top 5% Threshold:
   • Think of your data as a list of numbers. The 95th percentile is the value below which 95% of these numbers fall. In other words, it's the value that separates the top 5% from the rest.
2. Cap Excessive Values:
   • Once you know this threshold, any participant who has points above this value will have their points reduced to the 99th percentile value. This ensures no one can have points that are excessively higher than the rest.

Why Use It?

• Fairer Outcomes: By capping the highest scores, you prevent a few outliers from dominating the results. This means prizes can be distributed more evenly among participants.
• Easier Analysis: With extreme values reduced, your data becomes more consistent and easier to work with.
• Improved Trust: Ensures participants trust the fairness of the process, which is crucial for maintaining a positive reputation.

How to participate

Joining Pulsar Money Challenges is simple and straightforward. Users just need to log in with their web3 wallet on the Challenges page, complete their profile, connect their social accounts, and start completing tasks by expanding each section and following the detailed instructions provided.

There are 4 types of Challenges:

Periodic Challenges: which occurs daily or are reoccurring; Example: daily claim - which requires users to login every day and simply claim the points.

On-Chain Challenges: focused on performing activities on the blockchain. Thanks to the nature of the blockchain, all tasks can be verified and rewarded fairly easy.

Social Challenges: easiest points users can make by engaging in activities they’ve always been performing - following a project’s page, tweeting about the project, and more.

Special Challenges: include different type of tasks that can be performed on multiple platforms. For example, users can be directed to read a blog post, participate in quizzes or create all kinds of content.

Doctor X on PulsarMoney

DoctorX is a meme that gathered tremendous support with the help of ICE Network and through a tap-to-earn mobile app that allowed users to earn DRX tokens.

Over 2M users have participated in their campaigns, earning millions of DRX tokens in the process. Now, through our Challenges portal, Doctor X aims to build a stronger connection with their community.

The campaign lasts for 2 weeks and has a DRX allocation of 500M tokens for all users. Distribution of the tokens will be made through our airstream module that allows participants to claim the tokens daily (every-second) after the campaign ends. Join now on the Doctor X Challenges and follow the video tutorial below to participate: