Calling Community Leader Pioneers for SesameOpen Staking Program
Tags: Decentralized, Staking, Token, Community, Staking Rewards

Following SesameOpen’s successful token sale, our focus is on converting early project supporters into the first participants in the Commerce 3.0 economy. The SesameOpen Staking Program is the second batch in our Raindrop series of rewards to the SesameOpen community.

Starting today, we are accepting applications for individuals who want to be the first Community Leaders in Commerce 3.0. Community Leaders can earn significant token rewards — initially for building a community and attracting members to stake SO tokens. Staking members will be rewarded based on the amount of tokens they stake in the smart contract. In the future, Community Leaders and their members will be able to earn additional tokens beyond staking as the Commerce 3.0 Network takes off.

Staking Program Details:

Prospective Community Leaders fill out form indicating their interest

SesameOpen creates a dedicated Telegram or Kakao group for each Community Leader

Community Leaders market and build their Telegram/Kakao group of individuals interested in earning staking rewards

Based on group size and traction, SesameOpen will select ONLY FIVE Community Leaders for the first month of this staking program

SesameOpen will provide the selected FIVE Community Leaders with a designated smart contract for their staking members, with a maximum size of 50 staking members within each Community Leader’s smart contract

Community Leaders typically must stake SO tokens as escrow to join the Commerce 3.0 Network, but SesameOpen will sponsor that escrow for these first pioneering Community Leaders

Community Leaders encourage and assist their Telegram/Kakao group members with staking into their designated smart contract

Members must stake for full month to qualify for staking rewards

Members can remove any or all of their staked token from the smart contract at any time, but by withdrawing any amount, they forfeit all staking rewards

At the end of the month-long staking period, rewards are distributed to both staking community members and to Community Leaders within the smart contract

Members withdraw token rewards from the smart contract through a designated exchange which performs KYC/AML

Reward for Community Leaders:

For the very first staking program, SesameOpen is selecting ONLY FIVE Community Leaders and sponsoring the escrow stake for creating their community. Selection will be based on how many community members that Community Leaders have attracted to their Telegram/Kakao group and how active that group is.

Token rewards for Community Leaders are based on a combination of token staking amount and size of their community.

Community Leader Rewards (based on Staking): 5% of the total SO token staked by the community throughout the entire month-long staking period

Community Leader Rewards (based on community size): 10 SO tokens for every community member who stakes a minimum of 10 SO tokens, with a maximum community size of 50 members

All token rewards are released into the smart contract at the end of the month-long staking period. Community Leaders withdraw from the smart contract through a designated exchange which provides KYC/AML.

Community Leader Reward Examples: Community Leader builds a staking community of 50 staking members who stake a total of 1,500 SO tokens → Community Leader receives reward of 575 SO token (500 based on community size + 75 based on staking) Community Leader builds a staking community of 10 staking members who stake a total of 10,000 SO tokens → Community Leader receives reward of 600 SO token (100 based on community size + 500 based on staking)

Reward for Staking Community Members:

Staking community members receive a reward according to the rules below based on the amount of SO token that they stake for the full month-long staking period. All token rewards are released into the smart contract at the end of the staking period. Community members withdraw their rewards from the smart contract through a designated exchange which provides KYC/AML.

8% for staking amount <100 tokens

25% for staking amount from 100–400 tokens (reward applies to entire amount of stake)

3% for staking amount >400 tokens (first 400 tokens earn 25%, the amount above earn 3%)

Staking Community Member Reward Examples: Member stakes 600 SO tokens for the full month-long staking period → Member receives reward of 106 SO tokens (25% of 400 tokens + 3% of remaining 200 tokens staked) Member stakes 50 SO tokens for the full month-long staking period → Member receives reward of 4 SO tokens (8% of staking amount) Member stakes 1,500 SO tokens, but withdraws 300 SO tokens before the end of the staking period → Member receives no reward because they withdrew some portion of their stake before the end of the staking period

Sign up now to get a headstart on building your staking community and qualifying as the first Community Leader in Commerce 3.0!