Folks Finance has been hosting giveaways and contests for governors who participate through Algo Liquid Governance since Governance Period 4 (GP4). Folks is back again with another massive giveaway for GP7.
You can get started by clicking the link above. Zealy is an intuitive platform where you will complete quests to increase your chances of winning bigger prizes. Read the giveaway announcement for additional details.
How Much You Can Win
Assuming we complete all requirements and with a bit of luck win each drawing we are eligible for.
500 gAlgo– Pass 255 points threshold in #For Champions quests (10 winners).
500 gAlgo– Hold a Folksy Guys NFT (5 winners).
You could win 1500 gALGO and a gemAkita Kennel Club whitelist spot!
Eligibility Requirements
Tier 1 Quests: #Start with Folks & #Liquid Governor Giveaway
Reward Breakdown
To qualify you must first commit a minimum of a 1,000 Algos through Folks Finance’s Algo Liquid Governance. You have a chance to win 10% of your commitment, for every 1,000 Algos committed up to 5,000 Algos.
For 1000+ ALGO committed, you’re eligible to win an additional 100 gALGO plus a standard Akita Kennel Club whitelist spot.
For 2000+ ALGO committed, you’re eligible to win an additional 200 gALGO plus a standard Akita Kennel Club whitelist spot.
For 3000+ ALGO committed, you’re eligible to win additional 300 gALGO plus a standard Akita Kennel Club whitelist spot.
For 4000+ ALGO committed, you’re eligible to win an additional 400 gALGO plus a gemAkita Kennel Club whitelist spot, guaranteeing a rare mint.
For 5000+ ALGO committed, you’re eligible to win an additional 500 gALGO plus a gemAkita Kennel Club whitelist spot, guaranteeing a rare mint.
Note: Committing more than 5,000 ALGO, will not increase your rewards. The max reward is 500 gAlgo for this quest’s rewards.
5 lucky winners will be randomly selected for each of the categories highlighted above.
Tier 2 Quests: #For Champions
If you want to win even more, compete for an additional 500 gAlgo by completing #For Champions quests. Each task grants you a certain amount of points. The more points you earn, the higher your position in the leaderboard is.
These quests are only available after you complete the tier 1 quests: commit the minimum of 1,000 ALGO and complete the #Start with Folks quests.
All the Champions that passed the threshold of a 255 points will be entered into a raffle for 500 gAlgo. 10 champions will be rewarded, you can track your point progress on the leaderboard tab.
Folksy Guys Holders
If you hold a Folksy Guy, you can win an additional 500 gAlgo! 5 lucky Folksy Guys holders who’ve committed the minimum of 1,000 gALGO and passed the #Start with Folks quests on zealy.io will be entered into a raffle. If you’re not a Folksy Guys NFT holder, but want to become one, you can get the NFTs here.
4th Consecutive Giveaway
I wanted to specifically mention that this is not the first time that Folks Finance has hosted a giveaway for their Liquid Governors.
Benedetto, CEO of Folks Finance, celebrates the fourth consecutive Liquid Governor giveaway. Worth noting, Folks has always collaborated with the Algorand ecosystem and partnered with Algorand NFT projects.
Past Partner NFT Projects
Akita Kennel Club
The partner for the GP7 giveaway is the Akita Kennel Club. Not only do you have a chance to win gAlgo, you can also win either a normal chew toy (1,000, 2,000, or 3,000 Algo commitment) or a gem chew toy (4,000 or 5,000 Algo commitment). These chew toys represent a whitelist spot, but because they are an NFT users can sell, trade, and collect chew toys. Winners of the WL spot will receive a chew toy.
Users with a Gem Chew Toy not only receive their whitelist spot for V2, they will receive a pup with the corresponding gemstone background (ie. Ruby chew toy would have a Ruby Background).
Read more about these chew toys and potential other benefits in their Gen 2 Update blog post.
“If you collect all 4 gem chew toys, you’ll be able to go redeem them for a diamond dog! Born out of the traits from each of the gem’s used to create it. This category will also have access to potentially attain a gem fur of any category; Ruby, Sapphire, Topaz, Emerald…. maybe even Diamond! Once a gem dog is used to redeem a Diamond Dog, it will no longer be eligible for redemption. So be careful with the traits you use to create them! We do have some concerns that this may cause some market valuation changes similar to Mostly Frens. Fear not! There will be a dedicated list on the Akita Platform where you can view which gem dogs still qualify for redeeming a diamond.
Diamonds are special. We’re using ARC-19 for this series and that means we get to play with some fun new mechanics. The Diamond Dogs will all be able to trait swap. For a small fee of 50 $AKTA you’ll be able to cycle your diamond dogs traits amongst the traits used in its creation. So fret not, if at first its not your ideal combo! In addition to the traits used in their creation, they will also have the gem fur’s as a possible trait your pup!”
V2 Coming Soon
The Akita Kennel Club plans to launch their V2 NFTs in May, 2023. The cost for chew toy holders will be 89 Algo rather than the 100 Algo for the public mint. The project plans to mint 5,000 for their V2 series, read more in their Gen 2 Update blog post.
Additional Project Offerings
Staking
The Akita project has their own ASA (Asset ID: 523683256) which can be staked on their platform, as well as LP tokens, and exclusive staking pools for specific NFT holders.
Charity
A component of the project has always been charity. A community charity fund has been set up to be used if $AKTAs price hits a dime. Donors will have a chance to win fun prizes based on their percentage of the total donations.
I encourage everyone to explore the Algorand ecosystem and research Folks Finance’s platform and giveaway in further detail.