(PRESS RELEASE – Berlin, Germany, October 9, 2024)
Push.xyzthe pioneering protocol behind Re:allocation Primitive, has launched the Nudge Points app, the first DeFi app designed to reveal the value hidden in users' wallets. Using a proprietary algorithm, the app assigns Re:allocation points, which serve as a proxy for future Nudge incentives that users can unlock by strategically reallocating their assets on Nudge.xyz.
What reassignment points measure
In DeFi, assets, liquidity, and on-chain activity are scarce and critical resources. Nudge.xyz rewards users for reallocating these resources through incentives known as Nudges. The Nudge Points app offers insights into users' potential Nudge earnings, highlighting how value can be unlocked through reallocation.
The app's proprietary algorithm allocates Re:allocation points based on the value hidden in a user's wallet. Users are also ranked from “Air” (bottom 20%) to “Diamond” (top 10%), with both points and rankings playing a key role in the evolution of the Nudge ecosystem.
“The Points app is an important milestone for Nudge.xyz and DeFi,” said Markus Maier, CEO of Nudge. “It changes the way users view their wallets, showing the potential value they can unlock through strategic reallocation. “This is the first step to generating more value by simply switching assets between protocols.”
how it works
All Web3 users who hold tokens, provide liquidity, or participate in on-chain activities such as trading or staking can earn points through the Nudge Points app. Points are calculated using Nudge's Re:allocation Value algorithm, which analyzes asset types, usage, and on-chain activity, assigning points by category (e.g. Assets, Staking, LPing) and adding them to a total which determines the user's classification.
Key Features of Nudge Points App
- Re: assignment points: A detailed estimate of the value users can unlock through Re:allocation and the value in the future Nudge economy.
- Ranks: Users are ranked from “Air” to “Diamond,” and the rankings can also be minted as dynamic nfts. Protocols may choose to award additional rewards to high-ranking members of the community.
- Farming points: Invite friends and earn 20% of their Re:allocation points.
- Future rewards: Points will be redeemable for rewards and incentives within the Nudge ecosystem and beyond.
“With ‘Re:allocation,’ Nudge presents a powerful way for users to unlock value from their digital assets, while providing protocols with an innovative and scalable approach to attract and retain users,” said Sean, Partner at FinTech Collective and Nudge investor. “The potential here is immense and I am excited to be part of this journey as Nudge reshapes the future of the chain economy.”
The Nudge Points app is now available for users looking to find their reallocation value and lead this new value creation paradigm. For more information, readers can visit Push.xyz.
About the push
Push.xyz has the potential to maximize the value of crypto assets through Nudges – reallocation incentives that encourage users to reallocate assets, liquidity and activity. The team's mission is to empower users, driving efficiency and growth in Web3. Readers can stay tuned for news from the team. x.com/nudgexyz” target=”_blank” rel=”nofollow noopener” data-wpel-link=”external”>account x for updates.
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