Update, March 27th, 2025: Wallet linking has been reopened and will last until April 22nd, 2025. KYC has also been extended until April 22nd, 2025. A modified distribution schedule has been published in accordance with these changes.
It’s time, frens. The first batch of early adopter rewards will be distributed today. You can now complete the mandatory KYC process and check out the full distribution schedule.
Long story short — everyone who successfully completes KYC by 7PM CET today (March 19th, 2025) will get their rewards distributed today.
Early adopter rewards are distributed to participants in the $PEAQ for krest early adopters program who helped test network functionality and successfully uncover flaws and issues.
Important: Wallet linking is open and will last until April 22nd at 6:00 PM CET, while KYC will last until April 22nd at 7:00 PM CET. If you fail to link your wallet and pass KYC by these respective times, you will not receive your rewards.
How to pass KYC
KYC will be open from March 19th at 12:01 PM CET to April 22nd at 7:00 PM CET. Please make sure to complete KYC in that timeframe. Otherwise, you may not receive your rewards.
The KYC process is simple. Just follow these steps:
Step 1. Go to the rewards kalkulator, accept the terms, and choose your country.
Step 2. Click “Start KYC”.
Step 3. Click “Connect EVM wallet now”.
Step 4. Click “Sign transaction in EVM wallet now” and, when prompted, sign the transaction.
Step 5. Click “Verify your identity now”. IMPORTANT: Leave the browser tab with the kalkulator open, as you will need to come back to it after completing KYC.
Step 6. Follow the on-screen instructions to complete the KYC process.
Step 7. Return to the kalkulator tab in your browser and click “Verify your identity now” again.
Step 8. You should now see a notification that you have successfully completed KYC.
That’s all there is to it. Once you’ve successfully completed KYC, all you need to do is wait for the rewards to be distributed to your EVM wallet according to the distribution schedule below.
Distribution schedule
The exact date you receive your early adopter rewards will depend on when you’ve successfully completed the KYC process.
- KYC passed between 12:01 PM CET, March 19th and 7:00 PM CET, March 19th
Reward distribution: March 19th - KYC passed between 7:01 PM CET, March 19th and 11:59 PM CET, March 24th
Reward distribution: March 25th - KYC passed between 12:00 AM CET, March 25th and 7:00 PM CET, April 1st
Reward distribution: April 2nd - KYC passed between 7:01 PM CET, April 1st and 7:00 PM CET, April 8th
Reward distribution: April 9th - KYC passed between 7:01 PM CET, April 8th and 7:00 PM CET, April 15th
Reward distribution: April 16th - KYC passed between 7:01 PM CET, April 15th and 7:00 PM CET, April 22nd
Reward distribution: April 23rd
Please note that the exact time of distribution might vary slightly, depending on network conditions.
This concludes Phase 1. Phase 2 is in development. For updates on its launch, follow krest on X and stay tuned to official channels. To learn more about the requirements for Phase 2 participation, please refer to this blog.
This communication relating to fungible cryptoassets is directed only at persons outside of the United Kingdom, United States, and territories which are subject to sanctions and other restricted territories. Please note: When dealing in cryptoassets, capital is at risk.
