With their main net launch approaching the APEX network have created a new rewards program called KRATOS in order to show their appreciation towards their token holders. Based on the recent statistics the KRATOS reward pool is worth more than $100,000 in crypto assets.
Terms & Conditions for KRATOS Rewards Program
In order for a token holder to be eligible for KRATOS rewards, they need to own at least a Data Cloud Node, which requires at least 20,000 CPX. The main difference between KRATOS and the standard preliminary program is that every additional CPX will increase the rewards. Here are the terms and conditions of the new rewards program:
- There will be two snapshots made during the months of May, June and July. The first snapshot will be in the first half of the month and the second in the second half. These snapshots will be unannounced and random as to avoid malicious and fake manipulations.
- The average wallet balance from the snapshots will be counted towards the said month’s reward. If the average balance of the next month is lower than the previous the balance of the previous month(s) will be re-adjusted accordingly for these months.
- A final random snapshot will be taken in August to confirm the balance of wallets holding CPX. The end result will follow the requirements in the previous statement meaning that if a holder exits the position before this is done, he will forfeit his accumulated rewards.
The main goal of the program is to reward patrons that are there for the long haul and are dedicated to the long-term vision of the APEX Network. After everything is done and calculated the said rewards will be distributed until the end of August.
What is APEX’s Vision?
The plan of the team behind the APEX network is to build stronger relationships between the enterprise entities and their consumers through the blockchain technology. The project will change the way interactions, information and value are exchanged. APEX will concentrate on optimization of efficiency, elimination of the middlemen and cost-effectiveness while increasing trust, privacy and transparency.
APEX will allow for enterprises to quickly and efficiently build and release decentralized applications to be used across different fields like marketing, CRM development, customer experience management, customer loyalty programs, customer insights and etc.