VeVe has comprehensively redesigned its Loyalty Program to reward active VeVe Collectors and OMI token holders. By merging two previously distinct programs, the platform is progressively introducing new features as part of the VeVe Master Collector Program (MCP).
OMI Reward Tiers form a centerpiece of the VeVe MCP, and Season Zero is the first phase of implementation of this initiative. Participants can earn additional daily MCP Points for holding OMI tokens in their web wallet, which contribute to a user's Rank and Level within the Master Collector Program and will soon be spendable to access a range of in-app features and benefits.
If you're new to the VeVe Master Collector Program, you can get started here.
VeVe is delighted to announce the launch of the first phase rollout of OMI Reward Tiers- Season Zero, an innovative program designed to reward active VeVe Collectors who hold OMI tokens in their web wallets. This program marks a significant milestone in VeVe's commitment to enhancing user engagement, fostering loyalty, and introducing token utility within the VeVe digital collectibles ecosystem.
OMI Reward Tiers offer rewards and benefits to users who deposit OMI tokens to their web wallet. Season Zero will reward those users with bonus Master Collector Program (MCP) Points, which can be spent throughout the app as those features become available. Over time, additional features, rewards, and benefits will be added to continue rewarding token holders and VeVe Collectors.
To be eligible for OMI Reward Tiers, users must ensure their OMI tokens are bridged (deposited) to Layer 2 and transferred to their web wallet. OMI tokens held on Layer 1 or outside of web wallets will not be considered for rewards.
Learn how to deposit your OMI to Layer 2 here. Instructions are available in multiple languages.
Earning Points
MCP Point Rewards in Season Zero will be calculated daily based on the number of OMI tokens in the user's web wallet over the previous 24-hour period. Users will receive daily Points corresponding to the proportion of OMI they own relative to the total reward pool.
There will be no retroactive calculation of points for OMI currently held in web wallets or outside the application.
Inactivity:
In the VeVe MCP, a Collector stops earning daily MCP points if they are inactive on the app for seven days or more. This rule also applies to OMI Reward Tiers. Active participation in the VeVe App, combined with OMI token ownership in the web wallet, ensures users can fully enjoy the benefits of Season Zero.
For those seeking to maximize their Points earned through the OMI Reward Tiers, accumulating more OMI tokens in the web wallet is advantageous. A higher OMI token balance means earning more MCP Points than other Season Zero participants.
In saying that, a maximum of 10 million OMI tokens are eligible to earn bonus MCP Points in Season Zero. You may hold more than that amount in your app wallet; however, any amount over 10 million will not earn additional Points.
While token holders can move their OMI tokens out of the web wallet at any time, it's important to note that doing so renders them ineligible for MCP Point accumulation.
VeVe invites active users to participate in the OMI Reward Tiers Season Zero and enjoy the first benefit of their OMI token ownership. By engaging with the VeVe App and holding OMI tokens in your web wallet, you can enhance the VeVe collectibles experience and unlock additional features and benefits as the program expands.
VeVe plans to introduce more utility for the OMI token, and additional information will be released as these features become available.
The OMI Token Portal is your one-stop shop to learn more about the OMI token, including how to purchase and store them safely, instructions, walkthroughs, and information about any token utilities currently in development or already available.
You can access the OMI Token Portal here.
To learn more about the OMI token, please visit the following instructions in the token portal: How to Deposit OMI into VeVe
Walkthrough guides and instructions are available in multiple languages, including English, French, Spanish, Korean, and simplified and traditional Chinese.
Who is Considered an Active VeVe User?
An active user is someone who engages with the application at least once every week. Activities include daily app opens, sharing, commenting, liking, purchasing, market listings, and more.
What Kind of Rewards Will I Receive?
In Season Zero, holding OMI tokens in your web wallet will earn MCP points, which may influence your Collector Rank and Level. You can find more information about our loyalty program, the Master Collector Program, here. In future iterations, Collectors will receive other rewards and in-app benefits.
Do I Need to Have My OMI in My web wallet?
Yes! To be eligible for OMI Reward Tiers, your OMI tokens need to be deposited to Layer 2 and transferred to your web wallet. OMI tokens on Layer 1 or outside of web wallets will not be considered. Please refer to the documentation on Bridging here.
When Will I Start to Earn Points?
You will begin earning Points 24 hours after you deposit your tokens to the web wallet.
Will MCP Point Rewards be Given Retroactively?
No. Rewards will be calculated from the day of the feature's launch and will consider the amount of OMI inside your web wallet for the next 24 hours. There will be no retroactive calculation of points or consideration for OMI tokens held outside the web wallet.
When Will I Receive MCP Points?
MCP Points accrue once every 24 hours. You will receive additional Points for participating in Season Zero based on the number of OMI held in your web wallet during the previous 24 hours. If you have withdrawn your OMI tokens, the rewards will be calculated based on the number of OMI remaining in your wallet throughout the entire 24-hour period.
How many MCP points can I earn?
Users earn daily MCP points based on the number of Points available in the reward pool, the total number of OMI Reward Tier participants, and the individual's share of that pool.
There is a user cap of 10,000,000 eligible OMI, so any OMI exceeding this amount in the user's wallet will not count toward their MCP points earned.
What if I’m Not an Active VeVe User?
If inactive for seven days, you will no longer receive daily MCP points, including those earned through OMI Reward Tiers. Enjoy the VeVe App regularly while keeping OMI in your wallet to receive the full benefits of Reward Tier Season Zero!
Can I Withdraw My OMI Anytime?
Yes, you can move your OMI out of the web wallet anytime. However, by doing so, it will no longer be eligible for OMI Reward Tiers, and you will not receive MCP points for it.
You will also need to withdraw your OMI back to Ethereum Layer 1 should you wish to use your tokens on the Ethereum blockchain. More info.
How Can I Get More from OMI Reward Tiers?
As an active user of VeVe, the more OMI you have in your web wallet, the more MCP points you will earn, up to a maximum of 10 million eligible OMI. However, this is just the beginning of the OMI Reward Tiers, and additional perks, rewards, and benefits are expected to be added as the MCP expands. If you need more OMI tokens, you can follow these instructions on how to buy more.
What Else Can I Do With OMI?
Over time, additional token utilities will be introduced to VeVe, providing token holders access to features and benefits. Token utilities are also available or pending in third-party applications and games, so please stay tuned to ECOMI socials for regular updates.
Disclaimer
OMI is a token issued by ECOMI Technology PTE Ltd (ECOMI). The Web Wallet (omi.veve.me) is provided by ECOMI subject to its user terms. No warranty or guarantee is given about the specific utility or benefits that are or could be available for holding or using the OMI token.
Utility and benefits may be changed, added, and/or removed. The value of tokens is very volatile, and there is no warranty or guarantee as to the future value of tokens, if any, or the ability to buy and sell OMI tokens. You purchase, receive, or hold OMI tokens and use the Web Wallet solely at your own risk, and ECOMI accepts no responsibility for any loss or damage suffered. By using the Web Wallet, you confirm you have read and accepted its user terms.
VeVe
Founded in 2018, VeVe was created by collectors, for collectors to bring premium licensed digital collectibles to the mass market. With over 8 million NFTs sold, VeVe is the largest mobile-first digital collectibles platform and one of the top grossing Entertainment Apps in the Google Play and Apple stores.
VeVe’s 3D augmented reality photo mode allows collectors to interact with every digital collectible, as well as share their collectibles through VeVe’s in-app social feed, or on external social platforms.
In addition, VeVe uses Ethereum’s layer 2 scaling protocol, Immutable X, which provides instant trade confirmation, scalability (over 9,000 trades per second), zero gas fees, and a 99.9% reduction in environmental footprint. More on carbon neutrality.
Founded in 2018, VeVe was created for collectors by collectors to bring premium licensed digital collectibles to the mass market. With over 8 million NFTs sold, VeVe is the largest carbon neutral digital collectibles platform, and one of the top grossing Entertainment Apps in the Google Play and Apple stores. #CollectorsAtHeart
