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Guide to Participating in the Fairstake Launchpool

Join the FairStake Launchpool to unlock exclusive airdrops of over 50 million FRS and 500,000 ZKF tokens. The partnership with a leading Web3 wallet offers a unique staking opportunity on the Gate platform, creating a level playing field for early-stage participation in potential projects. The article guides users through the staking process, rewards system, and terms while highlighting the opportunity for new and existing Web3 wallet users. Key features include fair reward distribution, yield optimization, and security advantages over traditional staking platforms, aiming to enhance user participation in the Web3 ecosystem.

Join FairStake! Unlock Exclusive Airdrop of Over 50 Million FRS & 500,000 ZKF

A leading Web3 wallet has announced a strategic partnership with FairStake, the first Launchpool project on the ZKFair platform, aiming to strengthen and expand the zkFair ecosystem. This collaboration presents an exclusive opportunity for users to participate in a 100% Fair Launch model, where they can stake ZKF tokens to receive a share from the massive airdrop of up to 7.3 billion FRS. This initiative creates a level playing field, allowing the community to participate from the earliest stages of potential projects.

Through this collaborative campaign, the Web3 wallet platform and FairStake have launched a special staking program with total rewards valued at up to 50 million FRS and 500,000 ZKF. Users can stake ZKF through the wallet platform and connect with the FairStake DApp to receive exclusive airdrop rewards. This is a rare opportunity for participants to double their rewards through the comprehensive Web3 ecosystem.

Event Timeline

The official staking program takes place from 10:00 on January 25 to 10:00 on February 4 (Vietnam Time). This timeframe is designed to ensure users have sufficient time to participate, prepare, and execute staking transactions conveniently. Adhering to this timeframe is a mandatory condition to be eligible for program rewards.

Participation Guide

To join the program, users need to complete the following basic steps. First, download the Web3 wallet application and stake a minimum of 1,000 ZKF in FairStake through this platform. There are three valid participation methods that users can choose from based on their preferences and convenience.

The first method is to download the Web3 wallet application and stake directly in the FairStake DApp through the application interface. The second method allows users to access the official FairStake website, connect their Web3 wallet, and begin the staking process directly on the web platform. The third method is more flexible, allowing users to import other wallet addresses already staking ZKF on FairStake into the Web3 wallet for centralized management.

Rewards for New Web3 Wallet Users

New users participating in staking through the Web3 wallet in FairStake for the first time will enjoy special preferential treatment. They are not only eligible to receive the official airdrop reward of 7.3 billion FRS from FairStake but also receive an additional 10% bonus in FRS tokens (equivalent to 50 million tokens) sponsored by the wallet platform.

However, this reward has certain limitations to ensure fairness. Specifically, the maximum reward per device is capped at 20,000 FRS. Reward distribution is based on the staking time completed on the new device and will continue until the entire reward fund is fully distributed. This mechanism encourages new users to participate early to maximize their rewards.

Rewards for Current Web3 Wallet Users

For current users of the Web3 wallet platform - those who downloaded and used the wallet before 11:00 on January 25 - an equally attractive promotional program is available. They can participate in the official airdrop worth 7.3 billion FRS and especially the additional reward fund of 500,000 ZKF when staking in FairStake.

The reward distribution mechanism for current users operates through a lucky draw format. A snapshot will be taken at 10:00 on February 4 (Vietnam Time), and all users who have staked at least 1,000 ZKF will be eligible to participate. From this list, 500 lucky users will be randomly selected, and each will receive an airdrop of 1,000 ZKF. This mechanism creates fairness and excitement for the long-term user community.

Terms and Conditions

The program has several important terms and conditions that participants need to note. First, users who complete tasks and fully meet the reward criteria will receive double rewards, including official FRS tokens from FairStake and additional ZKF airdrop rewards from the Web3 wallet platform.

Second, regarding distribution timing, all event rewards will be transferred to eligible users within 7 business days after announcing the winner list. This ensures transparency and timeliness in reward distribution.

Third and most importantly, the Web3 wallet platform retains the final interpretation rights for all aspects of this event. Any participant found using invalid methods, fraud, or violating regulations will have all event rewards revoked and lose redemption rights after the violation is verified. This clause aims to protect the fairness and integrity of the program.

About the Web3 Wallet Platform

The Web3 wallet platform is Asia's largest cryptocurrency wallet and one of the pioneering platforms in the field of comprehensive multi-chain web3 wallets. This platform provides users with a diverse on-chain product ecosystem and comprehensive DeFi (Decentralized Finance) services, meeting all digital asset trading and management needs.

Throughout its development, the Web3 wallet platform has built a solid reputation with over 15 million users globally. The platform has established strategic partnerships with many leading names in the blockchain and cryptocurrency industry, contributing to ecosystem expansion and enhancing value for users.

An important milestone in the platform's development history was the strategic investment and brand evolution, marking a new development phase with broader vision and strong backing from major industry players.

Conclusion

The partnership program between the Web3 wallet platform and FairStake represents an attractive investment and participation opportunity in the zkFair ecosystem. With total rewards valued at up to 50 million FRS and 500,000 ZKF, along with the opportunity to participate in the official airdrop of 7.3 billion FRS, this program creates real value for both new and current users of the Web3 wallet platform.

FairStake's 100% Fair Launch model, combined with flexible staking mechanisms and attractive rewards, has created a level playing field for the crypto community. Users have various participation methods, from staking directly in the application to connecting via the official website or importing existing wallet addresses.

However, participants need to note the program's terms and conditions, especially the minimum staking requirement of 1,000 ZKF and the event timeframe. Proper compliance with regulations and staking within the specified time is a prerequisite for receiving rewards. With the solid development of the Web3 wallet platform and over 15 million users globally, this program promises to deliver a safe and effective experience for participants in their journey exploring the Web3 ecosystem.

FAQ

What is Fairstake? What are its main features and characteristics?

Fairstake is a scaling solution designed for decentralized staking and yield optimization in web3. Its main features include fair reward distribution, enhanced capital efficiency, automated staking management, and secure smart contract infrastructure for maximizing returns.

How to stake on Fairstake? What conditions and steps are required?

To stake on Fairstake, hold the required tokens in your wallet, connect to the platform, select your staking amount, and confirm the transaction. Minimum stake requirements vary by token. Rewards accrue automatically based on network conditions and your stake duration.

What are the risks of Fairstake staking? How is the yield calculated?

Fairstake staking risks include price volatility and liquidity constraints. Yields are calculated based on staked amount, duration, and network participation rates, distributed regularly to your wallet.

What are Fairstake's advantages compared to other staking platforms?

Fairstake offers non-custodial staking where you control your private keys, reducing custody risks. It supports multi-network staking for maximized yields and maintains ETH 2.0 compatibility, providing superior security and flexibility compared to traditional platforms.

Fairstake supports which cryptocurrencies for staking?

Fairstake primarily supports staking for $FRS (FairStake token) and $ZKF (ZKFair token). Users can participate in staking through supported platforms to earn rewards and additional token incentives from the ecosystem.

Does using Fairstake require payment? What is the fee structure?

Fairstake offers competitive fee structures designed for efficiency. Staking typically involves minimal platform fees, while transaction costs depend on network conditions. The platform aims to maximize returns by optimizing fee allocation for users.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.