The second OMI Rewards season is fast approaching! Season Two will build off of the rewards earned by participants in Season One and allow them to take advantage of the features they provide on the platform.
OMI Rewards offer perks and benefits to users who deposit and hold OMI tokens in their OMI Web Wallet.
To begin earning rewards, users must ensure their OMI tokens are bridged (deposited) to Immutable X and transferred to their OMI web wallet. OMI tokens held on Ethereum layer 1 or outside the OMI Web Wallet will not be considered for rewards.
Learn how to deposit your OMI to Immutable X here. Instructions are available in multiple languages.
OMI Rewards: Season Two
In Season One, participants continued to earn bonus MCP Points from Season Zero, contributing to their collector Rank and Level, along with the new addition of Bronze MCP Tickets.
In Season Two, participants will continue to earn bonus MCP points and Bronze Tickets based on the number of OMI tokens they hold in their web wallets. Now, they will also have the opportunity to spend the Bronze Tickets on additional MCP point redemptions, and receive an exclusive airdrop based on the amount of Bronze Tickets they earned in Season One.
Season Two begins April 1, 2024, and concludes June 30, 2024.
To earn the maximum ticket rewards for your OMI deposits, bridge and deposit your OMI tokens to the web wallet BEFORE the beginning of Season Two and maintain them in your wallet until the Season has concluded.
If you have OMI tokens in your web wallet at the end of Season One, you will automatically be enrolled in the rewards for Season Two.
Just like in Season One, rewards can be earned up to a maximum amount of 10 million OMI tokens. To qualify for the maximum rewards, deposit your OMI tokens before the beginning of Season Two (April 1, 2024) and maintain your deposit until after the season concludes.
Reminder: before sending OMI tokens to your OMI Web Wallet, you must first deposit them to Immutable X.
Season One concludes on March 31, 2024. Bronze Tickets will be issued to all eligible users at the beginning of Season Two (April 1, 2024).
That means the only way to acquire Bronze MCP Tickets in Season One was by depositing OMI tokens to your OMI Web Wallet prior to January 1, 2024. The maximum amount of Bronze Tickets earned in Season One by participants is 350.
Maintaining your deposit beyond the end of Season One will make your deposit automatically eligible for Season Two, and you will continue to earn daily MCP Points and seasonal ticket rewards, along with any additional perks/bonuses as the OMI Rewards system is progressively released.
Bronze tickets are a special accessory item within VeVe that help you build your digital collections with various redemption features. The first feature is the ability to use Bronze Ticket to MCP Points.
Need some extra MCP points? Redeem your Bronze Tickets for an amount of MCP points to augment your experience for any features that require MCP points to access, including Rank or Level based features as these become available.
Beginning after Bronze Tickets are distributed, participants can redeem Bronze Tickets earned during Season One for one-time Bonus MCP Points using the OMI Web Wallet.
The redemption system functions on a Decay Model, allowing participants to redeem as many tickets as they wish in a single transaction.
There is a 24 hour waiting period after a redemption is made before another redemption can occur.
Redeeming one Bronze Ticket is currently worth 15 MCP points, but as participants redeem more tickets, they will earn less MCP points per ticket in a single redemption event.
As an example, redeeming 50 Bronze Tickets on the same day will result in an average of 12.25 MCP points per ticket. The minimum amount of MCP points participants will earn per Bronze Ticket redemption is 2.
Users who participated in Season One will earn a maximum of 350 Bronze MCP Tickets.
As a thank you to participants of Season One, the team has decided to do away with the exclusive crafting event and replace it with an exclusive airdrop!
The original rewards structure would have seen participants having to choose between redeeming their Bronze Tickets on MCP Points or saving them for the Exclusive Craft.
Note: This limited edition airdrop is intended to be an exclusive feature of the inaugural season for Bronze Tickets and does not guarantee any subsequent or future airdrops for seasonal rewards.
When Does Season Two Begin?
Season Two begins on April 1, 2024, and concludes on June 30, 2024. Season Three begins on July 1, 2024.
I Just Joined VeVe. Can I join OMI Rewards at any time?
Yes. You will earn daily MCP Point rewards ~24 to 48 hours after depositing OMI to the Web Wallet, as long as you are active in the VeVe app.
Any Bronze MCP Ticket rewards earned will be issued following the conclusion of the Season you joined, as long as you deposited OMI to your Web Wallet before the Season began.
If you join a season after the start date, you will still earn MCP Points during that Season which can be redeemed throughout the app. However, you will have to wait until the conclusion of the following season to earn/receive Bronze MCP Ticket rewards.
How are Bronze Ticket rewards allocated?
The number of Tickets earned depends on the average number of OMI tokens held in your Web Wallet from the beginning to the end of the season. To qualify for rewards, deposit OMI to the web wallet before the beginning of Season Two and maintain it until after the season ends (June 30, 2024).
When Can I Redeem my Bronze Tickets?
Bronze Ticket redemptions will be made available during Season Two on the OMI Web Wallet.
Can I buy bronze tickets?
In the future, it is intended that Bronze Tickets can be acquired using OMI tokens. However, the only way to earn them during Season Two is by depositing OMI to your OMI Web Wallet and participating in OMI Rewards.
To begin earning, deposit your OMI tokens to Immutable X Layer 2 and send them to your OMI Web Wallet using these instructions.
Are bronze tickets NFTs?
No. Bronze Tickets are an in-app item.
Do Bronze Tickets expire?
No. Once earned, Bronze Tickets do not expire. However, each ticket can only be redeemed once.
What happens if I withdraw my OMI tokens from the web wallet?
You can withdraw your OMI tokens from the Web Wallet at any time. However, to qualify for OMI Rewards, deposit your tokens before the beginning of each Season and maintain that deposit until the Season has finished.
Is There a Maximum Number of Tokens I Can Deposit?
You can store as many tokens in the OMI Web Wallet as you wish; however, rewards can only be earned on a maximum of 10 million OMI tokens in Season Two.
Can I earn anything else with OMI Rewards?
VeVe Collectors will earn daily MCP Points and Bronze Ticket rewards in Season Two. Over time, additional features, rewards, and benefits will be added to continue rewarding token holders and VeVe Collectors. Stay tuned!
Where Can I Learn More About OMI Tokens?
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.
How Do I Deposit OMI Tokens into VeVe?
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. Video walkthroughs are also available.
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.
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
