Announcement: The launch of Algem’s Liquid Crowdloan

Hey,

Can price movements due to arbitrage damage the stakers?

No, ASTR is redeemable on the Liquid Loan dashboard on a 1:1 basis with aASTR regardless aASTR/ASTR rate on the open market.

Are ALGMs just a standard token to be used in governance or is there a financial equivalent?

ALGM will be listed on exchanges and have a financial equivalent.

Are you considering a pool for aASTR and nsASTR

We have no those plans at this point but we can consider this option, thank you.

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We are excited to announce that Liquid Loan has been launched!
Link: https://liquidloan.algem.io/ :rocket:

Referral and Deposit Contest for Liquid Loan Has Begun!

We are thrilled to announce the launch of the referral program for Liquid Loan! This is a unique opportunity not only to support Algem but also to earn generous rewards for your activity and contribution to community growth.

What’s in Store for You?

  • Total Prize Pool: 50,000 ASTR
  • Unlimited Achievement Reward Pool!
  • Bonus ALGM Allocation
  • Program Start Date: Today, December 2

How Does the Referral Program Work?

1. General Reward Pool – 50,000 ASTR

Distribution Principle:

  • Proportional Rewards: Rewards from this pool are distributed among all referrers (those who bring new participants) proportionally to the amount of deposits generated through their referral links.
  • No Minimum Number of Referrals: You earn a reward even if you refer just one person – as long as they make a deposit.

Example:

  • Total deposits via the referral system: 80,000,000 ASTR
  • Deposits referred by you: 1,000,000 ASTR
  • Your share in the pool: Share=1,000,000 / 80,000,000=1.25%
  • Your reward from the pool: 50,000 ASTR×1.25%=625 ASTR

2. Personal Achievement Rewards

Earn additional bonuses for your personal achievements in the program.

A) For Referred Deposits (total deposit amount from all your referrals):

  • 200,000+ ASTR: +200 ASTR
  • 500,000+ ASTR: +500 ASTR
  • 1,000,000+ ASTR: +1,000 ASTR
  • 5,000,000+ ASTR: +5,000 ASTR
  • 10,000,000+ ASTR: +10,000 ASTR

Example:

If you referred deposits totaling 1,000,000+ ASTR, you get an additional 1,000 ASTR on top of your reward from the general pool.

B) For Number of Active Referrals:

  • 10+ referrals: +1,500 ASTR
  • 20+ referrals: +3,000 ASTR
  • 30+ referrals: +4,000 ASTR

Note: An active referral is a user who registers via your referral link and makes a deposit.

Example:

If you have 20 active referrals, you earn an additional 3,000 ASTR.

C) For Personal Deposit:

  • 200,000+ ASTR: +200 ASTR
  • 500,000+ ASTR: +500 ASTR
  • 1,000,000+ ASTR: +1,000 ASTR
  • 5,000,000+ ASTR: +5,000 ASTR
  • 10,000,000+ ASTR: +10,000 ASTR

Example:

If you personally make a deposit of 1,000,000 ASTR, you earn an additional 1,000 ASTR.

D) Bonus ALGM Allocation

Don’t forget! Alongside the ASTR prize pool, referrers earn 5% of the allocation size of their referred participants, while participants using referral codes for their deposits receive 2% additional bonuses to their allocation.

How to Participate?

  1. Go to the link (https://liquidloan.algem.io/) and make a deposit (check out the full guide here).
  2. Generate your referral link after completing your deposit.It is also possible to generate your link via the staking form:

  1. Share your referral link with friends, colleagues, and on social media.
  2. Earn bonuses for referred deposits, active referrals, and your personal deposit.

Note: A referral code can only be applied once! Once a user makes a deposit using a referral code, their account will be linked to that code for all future deposits (if any).

Pro-Tip: Share your referral code in the dedicated channel in the Algem Discord called #referral. All codes can be placed there and only there. If they are placed in any other channels they will be deleted.

Rules and Conditions

  • Fair Play: We strictly monitor adherence to the rules. All referrals will be checked for fraud or manipulation.
  • Disqualification: Referrers found violating the rules will be disqualified, and their rewards will be forfeited.
  • Active Referrals: Only referrals who make deposits are considered active. Referrals are tracked on-chain.
  • Cumulative Bonuses: Achievement rewards stack. You can earn multiple bonuses for different achievements.

Reward Calculation Examples

Example 1: Maximum Activity

  • Referred deposits: 10,000,000 ASTR
  • Number of active referrals: 30
  • Personal deposit: 5,000,000 ASTR

Rewards:

  • From the General Reward Pool: Share=10,000,000 / 80,000,000=12.5%
  • Reward=50,000 ASTR×12.5%=6,250 ASTR
  • For referred deposits: +10,000 ASTR
  • For number of referrals: +4,000 ASTR
  • For personal deposit: +5,000 ASTR

Total Reward:

6,250+10,000+4,000+5,000=25,250 ASTR

Example 2: Moderate Activity

  • Referred deposits: 500,000 ASTR
  • Number of active referrals: 12
  • Personal deposit: 200,000 ASTR

Rewards:

  • From the General Reward Pool: Share=500,000 / 80,000,000=0.625%
  • Reward=50,000 ASTR×0.625%=312.5 ASTR
  • For referred deposits: +500 ASTR
  • For number of referrals: +1,500 ASTR
  • For personal deposit: +200 ASTR

Total Reward:

312.5+500+1,500+200=2,512.5 ASTR

Why Join?

  • Generous Rewards: A great opportunity to significantly increase your earnings with bonuses and prizes.
  • Support the Project: Your contribution will help develop Algem.
  • Community Growth: By attracting new participants, you help expand and strengthen our community.
  • Easy to Participate: Simply share your referral link!

Tips for Success

  • Be active on social media: Share information about the project and your referral link on Twitter, Discord, and other platforms.
  • Tell friends and colleagues: Personal contact is often the most effective way to attract new participants.
  • Use promotional materials: We provide banners and ready-to-use text to make promotion easy.

Important Reminders

  • Honesty is Key: We value transparency and fairness. Please do not attempt to manipulate the system.
  • Participant Support: If you have any questions or need assistance, our support team is always here to help.

Join Us Now!

Don’t miss the chance to be part of our growth and earn generous rewards for your activity. The sooner you start, the better your chances to achieve outstanding results and maximize your bonuses!

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Congrats on the launch!

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